Individuals and Family Offices
Clarity offers subledger accounting services to individuals and home offices. No matter what activity you are engaged in, we can work with your accountant to perform the accounting on the crypto portion of your portfolio.
NFTs and Collectibles
We deliver fully-reconciled reports on a T+1 day basis to management and traders.
Content Creators
Clarity's systems are designed to properly account for NFT minting and capturing any ongoing royalties.
Monthly, Quarterly and Annual Reporting
Fully-reconciled statements are delivered daily.
Crypto Taxes and Compliance
We build custom reports and accounting to meet your specific needs.
Automation Plus People
Clarity has engineered its own proprietary software to pull your data from exchanges or blockchains and turn it into a proper set of books that reconcile back to the exchanges and blockchains. We believe we have achieved the perfect balance between automation and human touch.
Pricing and Valuation
Clarity will work with you and your auditors to assure compliance with ASU No. 2023-08 pronouncement.
Tracking Cost Basis
When a transfer is initiated, the system will select tax lots from the transferor account to preserve the cost basis and holding period of the coins or tokens being transferred.
Tax basis issues are also encountered when pledging or staking coins or tokens into liquidity pools. The primary issue when pledging or staking is whether that action is reasonably determined to be a realized tax event. This determination will primarily depend on the mechanics of the smart contract. If the investor, at the termination of the transaction, has property returned that is materially the same, then the initiation of the transaction is not a realized tax event and Clarity's system processes that accordingly.
Reconciliation
Trades and transactions, along with balance and position snapshots, are automatically gathered nightly from the centralized exchanges and blockchains. On the following day, after the data has been processed, our staff conducts a full reconciliation. You will no longer have to rely on screenshots pulled at varying times or inexpensive data services that are inaccurate.
Data Storage
All activity is stored in our data repository in a silo that is specifically assigned to each client in accordance with our data security policy. Your data can be easily retrieved for your own analysis or for external audits.
Why Hire Clarity?
Most other services are do-it-yourself where you have to figure out how to operate the software. Loading all of your transactions is complicated and reconciliations to assure completeness are often non-existent. At Clarity, you inform us of your accounts and wallets, send API keys where applicable and, besides a few questions, we handle the rest. It's quite simple.
