Portobello Road Co., Ltd., which operates the cryptocurrency lending service “PBR LENDING,” has entered into a business partnership with “Yuichi Murakami Certified Public Accountant Office,” which has expertise and extensive experience in the tax and accounting fields of cryptocurrencies .
In recent years, interest in companies holding and utilizing crypto assets has been growing, partly due to a review of tax regulations surrounding corporate ownership of crypto assets.
In cryptocurrency lending, interest is generated by lending out the crypto assets you hold. Therefore, individuals need to accurately understand and record the timing of interest accrual and its valuation in Japanese yen when filing their tax returns, and corporations need to do so when preparing their financial statements and accounting.
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However, the tax and accounting of cryptocurrencies are highly specialized, and the unique and complex processing, numerous verification items, and lack of precedents present challenges that trouble accounting personnel and others.
To address these practical challenges, we have partnered with Yuichi Murakami Certified Public Accountant Office, which possesses high expertise in the tax and accounting fields of cryptocurrencies and actively disseminates information on these topics through media such as YouTube. Through this partnership, under the supervision of the office, we aim to continuously expand our content related to cryptocurrency tax returns and corporate financial statements, and strengthen our ability to provide easy-to-understand information that will help resolve tax and accounting questions for both individual and corporate clients.
Source: PRTimes


