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Blockchain Revolution Series: Lukka Partners With US Accounting Giant RSM
Lukka has partnered with RSM to provide crypto tax software solutions to the firm’s tax clients.
Lukka, which is blockchain-based firm is associating with RSM, which is US-based renowned accounting firm, to serve their tax clients (both individuals and enterprises) equip them with the ‘Lukka Crypto Office’ and ‘LukkaTax for Professionals’ software.
Taxation during pandemic circumstance (COVID-19) seems to be extremely difficult. The world’s leading financial institutions are struggling to resolve monetary blues, and auditing firms are going to have tough next few months.
With a hope of normalcy and with an objective of offering tax solutions exclusively for the crypto community, Lukka has geared up with the renowned accounting giant RSM. The deal is likely to provide RSM access to Lukka’s crypto tax software.
“With Lukka’s extensive experience in serving both individual and enterprise clients, we believe they understand what it takes to support RSM as we continue to progress toward our vision to be the first-choice advisor to the middle market”, said Jamison Sites, Blockchain and digital asset tax lead at RSM US LLP. “Lukka has a proven history of building and delivering innovative, industry-first, enterprise-grade solutions. With RSM and Lukka professionals both bringing deep tax technical capabilities, we look forward to collaborating and bringing even more innovative products to our clients.”
In addition, the United States Congress representatives gave a joint appeal to the Internal Revenue Service (IRS), in the recent past, for a better clarity on reporting crypto taxes.
21 US representatives gave a letter of bilateral request to the U.S. tax authority for providing proper guidance as to how the cryptocurrency taxes are to be reported.
Wherein the IRS’s precedents to establish the treatment of crypto-asset transactions for the purpose of tax computation are stated by these representatives.
The Internal Revenue Service (IRS) is the agency entrusted for tax collections and interrogating tax evaders, as the cryptocurrencies are to be treated as the assets tax computation.
Now, the renowned tax giant in the US, RSM has chosen Lukka as crypto tax software provider. Lukka, which has been founded in 2014, a trusted, blockchain-native software and data services company that delivers leading products for the crypto asset ecosystem.