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About

TaxBit is the world’s leading technology partner for Tax and Accounting compliance. Our platform provides a single system of record, capable of efficiently powering both information and financial reporting, for high-volume and highly complex asset transactions. Developed in a fast-evolving, digital asset driven world, TaxBit was created by experts for experts and offers: - A single platform: Providing full control of customer data and processes. No more fragmentation across manual processes, multiple vendors, and multiple solutions. - Powerful API technology: The TaxBit Platform automatically ingests, validates, and normalizes data processes for internal teams, external partners, and customers. - Bringing together best-in-class technology and certified experts: Our subject matter experts consist of CPAs, attorneys, IRS and FASB alumni, and Big Four partners who become a seamless extension of your team.

About

If you've bought, sold, earned, received or otherwise acquired digital currencies during any given tax year then you are almost certainly required to file the profit or loss as part of your tax return. If you're still not sure, you should talk with Inland Revenue or your accountant. In New Zealand, Inland Revenue treat digital currencies as a type of property. Their cryptocurrency tax guidance requires the profit or loss to be calculated using First in First Out in New Zealand Dollars at the time the trade occurred, even if the trade was between cryptocurrencies. It's no small task and can take days to untangle even with only a small number of trades. If you've taken a loss, it may be deductible from your income tax. Our algorithms do the heavy lifting by automating the currency conversions and calculating your trading and mining profit and loss in accordance with Inland Revenue's guidance. All we need from you are your exchange exports and mining addresses.

Platforms Supported

Windows Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Enterprises, exchanges, financial institutions, and fund administrators looking to automate, integrate, and report on their digital asset activity

Audience

Cryptocurrency investors and traders in New Zealand that need a crypto tax software solution

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

Single or Multiple year SaaS licenses and volume contracts
Free Version Not Supported
Free Trial Not Supported

Pricing

$99 per tax year
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 5.0 / 5
ease 4.0 / 5
features 4.0 / 5
design 5.0 / 5
support 5.0 / 5

Reviews/Ratings

Overall 1.0 / 5
ease 1.0 / 5
support 1.0 / 5

Pros & Cons from Real Users

Pros

  • Tax season is very busy but the support team at TaxBit is excellent. In addition to the articles and videos, I was able to easily upload and get my tax returns. Must try if you are skeptical.

Cons

  • The user interface on some pages seemed insufficient but over the last 6 months I have noticed that there has been constant development so I am hopeful with this product.

Pros & Cons from Real Users

Pros

  • I can't advise what I like about this product as I haven't had a chance to see the product in full, due to inability to upload my documents and then non contact from their help desk.

Cons

  • I have had technical trouble uploading my files on their platform. I have sent a request for help both to their Tech support and twice to their "contact us" messaging system. You get a reply back to say they endeavour to contact you within 48 hours, but it has now been 1 week (7 days) and I have had no response. Not great customer service!!

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Company Information

TaxBit
Founded: 2018
United States
taxbit.com

Company Information

Taxoshi
Founded: 2014
New Zealand
taxoshi.com

Alternatives

Alternatives

Categories

Crypto Accounting Supported
Crypto Tax Supported

Categories

Crypto Accounting Supported
Crypto Tax Supported

Crypto Tax Features

Automated Data Import Supported
Exchange Integration Supported
Export Transactions Supported
Historical Prices Supported
Income Overview Supported
Margin & Futures Support Supported
Profit & Loss / Cap Gains Supported
Staking / Lending / DeFi Support Supported
Tax Form Generation Supported
Tax Loss Harvesting Supported
Wallet Integration Supported

Integrations

Bitstamp Not Supported
Anchorage Digital Supported
Binance Not Supported
BitPrime Not Supported
Bitcoin Supported
CEX.IO Supported
Coinbase Supported
Easy Crypto Not Supported
Ethereum Supported
Exodus Not Supported
Gemini Supported
Independent Reserve Not Supported
Kraken Not Supported
Kryptos Supported
NetSuite Supported
Polygon Supported
QuickBooks Online Supported
Uphold Supported

Integrations

Bitstamp Supported
Anchorage Digital Not Supported
Binance Supported
BitPrime Supported
Bitcoin Not Supported
CEX.IO Not Supported
Coinbase Not Supported
Easy Crypto Supported
Ethereum Not Supported
Exodus Supported
Gemini Not Supported
Independent Reserve Supported
Kraken Supported
Kryptos Not Supported
NetSuite Not Supported
Polygon Not Supported
QuickBooks Online Not Supported
Uphold Not Supported
Claim TaxBit and update features and information
Claim TaxBit and update features and information
Claim Taxoshi and update features and information
Claim Taxoshi and update features and information