As blockchain firm Lukka enters RSM accounting, crypto fans can unquestionably look ahead to next-gen tax solutions. Tax in the times of coronavirus can get difficult. The world’s leading financial institutions are striving to determine monetary blues, and auditing firms are going to have tough next few months.

In a sign of relief, blockchain-based tax solutions firms, Lukka has associated with well-known U.S. based accounting brand RSM to give tax solutions prepared towards the crypto community. The collaboration will result in RSM obtaining access to Lukka’s crypto tax software. RSM enterprise and individual clients can utilize both the ‘Lukka Crypto Office’ and ‘LukkaTax for Professionals.’

Crypto tax season will be tougher in 2020

Jamison Sites of RSM states that the auditing firm was on the lookout for crypto tax firms to hit a deal that can assist its clients solve their crypto tax concerns. The most advanced agreement will reportedly help serve the tax preparation requirements of RSM clients.

 Today, Lukka declared that it has been elected as the official crypto tax software provider of one of the largest accounting firms in the U.S.! 

The auditing firm addressed the problem with Internal Revenue Service as well. After encounters with the IRS officials, it became apparent that RSM clients would need further guidance to provide their tax applications, particularly with respect to the upcoming crypto laws. As Lukka links RSM, the complicated crypto tax calculations will undoubtedly become easy for RSM clients.

RSM initiated an extended study to assess several crypto tax software. Lukka’s software adhered to the team’s objectives. The suite offers specialized crypto tax capabilities besides scalable infrastructure.

Lukka joins RSM after detailed discussions

It was in 2018 when RSM first joined Lukka. An RSM client’s $20 million worth of crypto trades was to be examined for tax filing. The project was urgent, and the Lukka team determined worthy. Since then, the two brands have intensified their ties. After two years, Lukka joins RSM formally to operate on significant crypto tax projects. Besides tax software, Lukka currently launched an academic repository that concentrates on crypto tax concerns. ‘Lukka Library‘comprises important academic data about crypto taxation matters curated by crypto academicians and legal experts.