Support your clients with the crypto ecosystem's most trusted tax calculation platform

CPA.com and Lukka

Crypto Asset Solutions

Webinar

Supporting Clients with Taxable Crypto Transactions

Whitepaper

Navigating the World of Crypto Tax Reporting

SPECIAL REPORT

2021 Blockchain Symposium: Crypto Moves Mainstream

Deliver accurate crypto tax calculations with confidence

Virtual currency and digital assets continue to rise in popularity with the global market cap for crypto assets reaching more than $3 trillion in 2021. Because of this, the IRS is treating virtual currency compliance with more vigilance than ever before. And for many taxpayers, they are turning to their accounting firms for guidance.

For accounting firms this is an important development, as you play a pivotal role as trusted advisors to your clients by informing, educating, and helping clients navigate the new IRS guidance, while accurately reporting crypto income and ensuring compliance. With the IRS’s increased scrutiny of crypto asset reporting, your firm has an opportunity to leverage technology to streamline your tax workflow, automate data collection, and simplify crypto complexity.

To support the profession, CPA.com and Lukka have partnered to provide CPA firms with an advanced virtual currency tax preparation platform – LukkaTax for Professionals. This intuitive software is built specifically for the accounting professional to deliver accurate crypto tax calculations and is exclusively available as part of CPA.com’s preferred tax solutions.

CPA.com provides Education, Account Management, Experience, Firm Adoption, Guidance, Tools, Resources and Strategy.

Lukka Partner Program

Exclusively through CPA.com!

The Lukka Partner Program helps accountants serve existing clients, scale operations, and drive new revenue streams through educational programs and powerful crypto asset solutions. Through the program, tax practitioners can better understand and address the unique challenges of the evolving crypto investment landscape.

Rapid on-boarding

  • Easy configuration for multiple users and their clients.
  • Intuitive interface and multiple accounting methods.

Guide crypto asset clients

  • Anticipate and respond to the needs of crypto-invested clients with confidence.
  • Help clients who received IRS virtual currency letters.

Scale efficiently for growth

  • Manage all clients using a single login, via a central dashboard.
  • Support high volumes of clients and transactions.

Grow your client base

  • Leverage CPA.com/Lukka resources and FAQs to support your crypto asset client base expansion.

How LukkaTax for Professionals Works

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Lukka Library: Resources to Help Build Your Crypto Acumen

  • Access year-round content and knowledge on the cryptocurrency ecosystem and develop your skill set to break into the crypto market
  • Content written by crypto industry experts such as CPAs & Tax Attorneys, Auditors & Regulators, and Professional Traders & Expert Individuals sharing their unique perspectives, opinions and debates on varying crypto topics
  • Over 75+ papers on multiple crypto subjects including Tax Reporting, Forks & Air Drops, Mining & Staking and more.

 

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From gathering trade data to calculating gain/loss, Lukka ensures accuracy through every step of the tax calculation process.

Here's what Lukka can do for you and your clients:

Automate Data Collection:

  • Efficiently collecting transactions across the distributed crypto ecosystem via methods that enable data completeness

Resolve Industry Discrepancies

  • Automatically standardizing crypto tickers/pairs to eliminate data inconsistencies

Determine Fair Market Value (FMV)

  • Appropriately using a FMV-based valuation methodology — not index pricing

Manage the Complexities

  • Accurately accounting for mining income, spot and margin trades, transfers and fees

Match Your Tax Lots

  • Optimizing transaction matching at a global level — not at an exchange level

Deliver Accounting Flexibility

  • Providing multiple accounting methodologies for managing tax liability

Simplify Reporting

  • Easily storing and generating tax lot and Form 8949 outputs and reports

Build Confidence

  • Reducing risk by utilizing the only SOC1 TYPE2 and SOC2 TYPE2 crypto reporting infrastructure

Read our FAQ to learn more

FAQ   

Get started with LukkaTax for Professionals today

All tax reports are free, irrespective of the number of crypto transactions your clients may have.

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Only CPA.com offers your firm this level of cryptocurrency support and strategy

Educate firms on ways to increase relevance and growth in a crypto-enabled world with Lukka
Expedited support and implementation for firms that embrace the crypto asset opportunity
Provide consultative advice to help firms build out their crypto asset tax practice
Connect firms to the resources they need to be successful
No
 

The power of smart business

The accounting landscape is changing rapidly. In a word, "complexity" defines the single greatest challenge and opportunity facing decision-makers in business today. Firms are rethinking their strategies for tax, accounting and finance departments.

CPA.com is your primary source for taking the complexity out of moving your firm into the digital arena - enabling you to focus on growing your business with the smartest solutions in our industry.

To learn more about CPA.com, please email inquire@hq.cpa.com or by calling 1.855.855.5CPA.

Questions? We're here to help