THAT Whitepaper
  • THAT - REAL WORLD CRYPTO
  • Company Information
    • INTRODUCTION
    • THREE KEY FOCUS AREAS
    • PROBLEMS WE'RE SOLVING
      • 1. Spending Cryptocurrency
      • 2. SMEs Losing Market Share
      • 3. Trust and Transparency
      • 4. Buying Cryptocurrency
      • 5. Selling Cryptocurrency
      • 6. Mnemonic Keys
      • 7. Accounting & Tax
      • 8. Invoices & Receipts
      • 9. Source of Truth
    • ROADMAP
      • 2022 - Market Research & Initial Product Development
      • 2023 - Regulatory Compliance & Presale Preparation
      • 2024 - Blockchain Development, Launch Preparation + TGE
      • 2025 - Wallet Integration & National Expansion (Aus)
      • 2026 - Feature Enhancement & International Expansion
      • 2027 & Beyond - Delivery Services, Global Expansion & More...
    • CHARITY / PHILANTHROPY
  • THAT Coin
    • COIN OVERVIEW - HIGH LEVEL
    • TOKENOMICS
      • Company Allocation
      • Founders Allocation
  • Products
    • THAT APP (DIGITAL WALLET)
      • The Merchant Directory
    • THAT NFTs
  • Extras
    • PARTNERS & PRESS RELEASES
    • SOCIALS / COMMUNITIES
    • FAQ
    • REGULATORY
    • DISCLAIMERS
    • GLOSSARY
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  1. Company Information
  2. PROBLEMS WE'RE SOLVING

7. Accounting & Tax

Accounting & Tax - Tracking for Businesses

PROBLEM

In most jurisdictions, business owners must pay sales taxes on earnings from cryptocurrency transactions, just like with fiat currency. However, most cryptocurrencies and wallets do not offer simple solutions to track these tax obligations.

SOLUTION

THAT will introduce key accounting features within the app to help business owners track all tax obligations, such as Goods & Services Tax. Business owners will be able to configure how much tax applies to each business wallet, tailored to their specific business requirements.

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Last updated 10 months ago