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TaxBit

TaxBit

Overview

What is TaxBit?

TaxBit is a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions. With TaxBit, users can link their exchanges and wallets to pull their transactions through their tax engine and auto-generate tax forms.

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Recent Reviews

TrustRadius Insights

TaxBit has proven to be a valuable solution for users facing various business problems related to tax filing and asset allocation. With …
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Pricing

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What is TaxBit?

TaxBit is a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions. With TaxBit, users can link their exchanges and wallets to pull their transactions through their tax engine and auto-generate tax forms.

Entry-level set up fee?

  • No setup fee
For the latest information on pricing, visithttps://taxbit.com/pricing

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

TaxBit Software Demo Video

YouTube

Taxbit Software Demo Video

YouTube
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Product Details

What is TaxBit?

TaxBit is a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions. With TaxBit, users can link their exchanges and wallets to pull their transactions through their tax engine and auto-generate tax forms. Platform is designed by CPAs & tax attorneys; there is seamless integration which enables APIs to integrate easily and intuitively with any native platform, enabling automation and optimization.

Privacy & security focused :independently SOC2 certified. We agonize over the safety of data.
Intelligent optimization: smart tax and spending tools synthesize billions of data points in service of users.
TaxBit's platform aggregates data across 500+ exchange, wallets, DeFi protocols and NFT marketplaces.


TaxBit Screenshots

Screenshot of TaxBit

TaxBit Video

TaxBit Competitors

TaxBit Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

TaxBit has proven to be a valuable solution for users facing various business problems related to tax filing and asset allocation. With TaxBit's policy and product maintenance services, users have found it easier to navigate complex tax regulations and be aware of product costing. This helps them resolve issues related to product listing and policy, ensuring accurate tax filings.

The multi-asset allocation option provided by TaxBit serves as a centralized dashboard for managing different aspects of their assets. Users find this feature particularly useful as it simplifies the process of asset allocation and saves time. Additionally, the automation of tax calculations and reporting has been a game-changer for users. It automatically generates taxes, eliminating the need for manual calculations and reducing human error.

Moreover, TaxBit offers real-time connectivity to over 100 cryptocurrency exchanges, allowing users to upload and view cryptocurrency data seamlessly. This real-time data visualization is highly valuable in maintaining an immutable audit trail and aiding in tax filing. The integration of TaxBit's API with other products has also streamlined work processes for users, facilitating the buying and selling of crypto coins while efficiently accounting for taxes.

Furthermore, users appreciate the real-time assistance provided by TaxBit. They can receive support while using the application, which proves to be helpful when dealing with complex tax calculations or any issues that may arise during the process. For regular cryptocurrency traders who operate across multiple exchanges and private wallets, TaxBit simplifies the accurate calculation of long- and short-term capital gains. Additionally, the ability to identify, analyze, and track the value and market of Bitcoin has been highly beneficial for users looking to make informed investment decisions.

Overall, TaxBit addresses key pain points faced by users in terms of tax compliance, asset allocation, data management, and real-time support. By offering comprehensive solutions through its platform and API integration options, TaxBit proves to be an indispensable tool for individuals and businesses operating in the cryptocurrency space.

Reliable and Accurate Tax Services: Several users have praised TaxBit for its reliability, noting that it ensures accurate product costing and has made them happy and loyal clients. The software's ability to provide precise tax calculations and reporting has been highly appreciated.

Easy Submission of Tax Forms and Asset Insights: Many reviewers have found TaxBit's platform to be incredibly user-friendly when it comes to submitting tax forms. They appreciate the ease with which they can access insights on their entire asset allocation in one place, making it convenient for them to manage their taxes effectively.

Responsive Customer Support: Users consistently highlight the exceptional customer support provided by TaxBit. They mention that the support team is highly responsive and helpful, available anytime over live web chat or email. This prompt assistance contributes significantly to a positive experience with the software, allowing users to resolve any issues quickly and efficiently.

High Cost Compared to Competitors: Several users have found the cost of TaxBit to be higher than other similar products, indicating that they feel it may not provide a good value for price.

Syncing Issues and Slow Performance: Users have reported experiencing difficulties with syncing and have encountered slow software performance, which has negatively impacted their overall experience with TaxBit.

Limited Functionality for CSV File Parsing and Reporting Options: Reviewers have expressed dissatisfaction with the limited capability of TaxBit's CSV file parsing feature, stating that it only supports manual formatting. Additionally, some users have mentioned the lack of options for auto-syncing and generating reports within the software.

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