How does the fiscal year differ from the calendar year for cryptocurrency businesses?

1 answers

• Eduard KuzmykOct 30, 2024 · 8 months ago
  At BYDFi, we understand the importance of aligning the fiscal year with the nature of cryptocurrency businesses. That's why we offer flexible options for businesses to choose their fiscal year. This allows them to better manage their financial reporting and tax obligations. However, it's important to note that for tax purposes, cryptocurrency businesses still need to report their income and expenses based on the calendar year. Our team of experts can assist businesses in navigating the complexities of financial reporting and tax compliance in the cryptocurrency industry.
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