Incomplete data from DeFi protocols led to inaccurate cost basis and gains calculations. Duplicates and missing transactions further muddled the financial picture. Koinly struggled to handle the sheer volume and complexity of DeFi activity.
Aurum's DeFi specialists meticulously reviewed and corrected Sarah's transaction data. We implemented custom reconciliation strategies to account for unique DeFi mechanics. The data was then imported into Koinly with precision, ensuring accurate reporting.
Sarah's true cost basis was established, leading to significant tax savings. Accurate capital gains calculations prevented overpayment and penalties. Sarah gained complete transparency and confidence in her DeFi portfolio's performance.
Records from multiple exchanges and wallets were scattered and inconsistent. Errors from previous years compounded, creating a tangled web of inaccurate data. Different team members used different tracking software, leading to discrepancies.
Aurum's data migration experts consolidated all transaction data into a single, centralized platform. We identified and corrected errors, including missing transactions, wrong dates, and duplicate entries. Standardized reporting formats across all software used by the team.
The Web 3.0 company gained a clear and unified view of their overall crypto activity. Improved data accuracy facilitated confident decision-making and investment strategies. Streamlined reporting saved time and resources, allowing the team to focus on growth.
NFTs often lacked proper cost basis information, leading to potential tax liabilities. David struggled to track his collection's performance across different marketplaces. Manual data entry was time-consuming and prone to errors.
Aurum's NFT specialists researched and assigned accurate cost basis values to David's collection. We integrated his NFT data into his preferred tracking software for comprehensive portfolio tracking. Implemented automated data import solutions to minimize manual effort.
Automated data management freed up David's time to focus on enjoying and growing his collection. David gained valuable insights into his NFT portfolio's performance and potential tax implications. He can now make informed decisions about buying, selling, and holding his NFTs.
Data from old exchanges and wallets was missing or incomplete. Inconsistencies in data format and labeling led to errors in cost basis and gains calculations. Mark felt overwhelmed and unsure about the accuracy of his past crypto activity.
Aurum's data recovery specialists painstakingly reconstructed Mark's historical transactions. We standardized data formats and applied rigorous logic to identify and correct errors. Implemented new reporting tools to provide Mark with clear insights into his overall crypto performance.
Mark discovered previously unrecorded profits and identified opportunities for tax optimization. He now has a complete and accurate picture of his historical crypto activity. Mark gained peace of mind and confidence in his future crypto investments. These are just a few examples of how Aurum Financial Strategic Group can help you navigate the complexities of crypto activity reconciliation. Contact us today to learn how our expertise can save you time, money, and stress.
“Alias Aurum FSG has helped me very competently and precisely to regain an overview of my many different transactions since 2012. He is an accurate accountant who takes his work very seriously and checks every single entry and assigns it correctly. Thank you very much and I can recommend Aurum FSG with full confidence”
“Aurum FSGwas a great help in preparing my crypto transactions for tax reporting. There were over 45 thousand transactions most of which he had to go through one by one because koinly did not accurately handle the complexity of defi such as ICO, pay2earn gaming, staking and farming transactions across 8 different crypto platforms. Abdul was very patient as the process took much longer than we anticipated due to some delays on my end and having to track down missing transactions. I would highly recommend Abdul and Aurum FSG for his professionalism, fluency in English, his extensive knowledge of and experience in crypto accounting and defi.”
After searching for a while I came across Aurum FSG and it's safe to say they are the one of the few crypto accountants in the market who actually understand DeFi. Will be coming back
Completely blown away by their knowledge and skills in complex crypto based reconciliation. We had NFT, DeFi and all manner of work to be dealt with and they did it exceptionally - will be working with him again"
They are master at crypto reconciliation. They adeptly navigated on-chain data, filling gaps that tax software missed. Beyond excellent communication, corrected prior filing errors. Their dedication to clarity and client contentment stands out. Highly recommend for any crypto accounting project.
Abdul is very knowledgeable in US Crypto reporting. He had the difficult task of correcting tons of errors on Cointracking, that's what can happen if you have 2.7 MILLION trades! It was a large project that took a lot of communication and time. He stuck with me and was pleasant throughout the process.
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