Taxbit Review: Simplify Your Crypto Taxes

Have you ever been worried about the debate of your tax and felt the desperate need for some accounting assistance? Well, we have the right companion for all your tax-related queries. Taxbit would be your truly reliable friend that would help you throughout. Therefore, in this Taxbit review, we’d elaborate on how you can transfer the tax-paying load to Taxbit and sit back and relax while the platform does the math.

Summary

  • Taxbit is a cryptocurrency tax calculating application that ease the pain of going through all of your trades.
  • Further, the platform is available in over 150 countries and supports over 2000 cryptocurrencies.
  • Taxbit has all-around customer support to talk to a trained executive for your queries.
  • With Taxbit, you can enjoy secured tax calculations on the go with its premium plans starting at $50/ year.

What is Taxbit?

TaxBit is a cloud accounting software specifically designed to help cryptocurrency traders in managing their taxes. Taxbit was founded by Austin Woodward in 2018; Its headquarters is located in the United States. This software automatically imports your trades directly from exchange APIs and does all the calculations for you so that you can do your trading activities instead of accounting.

Taxbit is unique in that it does not require you to prepare the tax forms before filing them. It supports the calculation of capital gains and losses in Bitcoin, Ethereum, Cardano, Polkadot, Ripple, and many other Altcoins. TaxBit allows you to calculate your taxable income based on real-time exchange rates. And it’s all on one simple-to-use platform. It is safe and easy to use. It also provides useful information about the latest tax laws, so you can make sure you are always up-to-date with your taxes.

Taxbit
Taxbit

Also Read: Best crypto tax software for your money

Taxbit Review: Features

1. Professional Layout

When it comes to a platform that manages your money-related affairs, accuracy, and error-free calculation are what is needed at each step. To provide the users with such accuracy and reliable calculations, Taxbit has been designed with CPAs and is backed up by the professional vision of tax attorneys that give Taxbit the much-needed error-free interface, which is very much trustworthy. 

2. Fully secured

No one will trust a platform with their money-related affairs if it does not guarantee them full secrecy and almost security. Makers of Taxbit understand this need and sentiment well and hence have come up with the platform that would provide its users the best and highly secure experience.

3. Goodwill in the market

In the world of being social, promotion, goodwill, and terms like legacy play an important role. Taxbit has its own independent goodwill in the market as the application is used by many renowned brands, companies, and people as well, backing it up with their good reviews and remarks, creating a good environment for it in the market. 

4. Superior Assistance

Taxbit works with individuals, businesses, and organizations to ensure that they are compliant with all federal, state, and local taxes. Taxbit is committed to helping its clients in achieving their financial goals by offering the highest quality of service. All your tax-related or even platform-related queries are solved with Taxbit’s customer support and their professional executive. 

Taxbit Features
Taxbit Features

Also Read: CoinTracking Review  – A Reliable Crypto Tax Software

Taxbit Review: Free Trial

To ensure full customer satisfaction even before buying the Taxbit services, Taxbit offers a free trial to its customers. You can easily generate your crypto tax on the go if you are starting with its trial.

Taxbit Pricing

Taxbit is a very easy-to-use tax calculation and tracking tool for freelancers, contractors, and small businesses. The software is so simple that it almost feels like you’re cheating on your taxes. It can be used to calculate sales or VAT/GST sales depending on which country you live in. 

The pricing starts at $50 per year to $500 per year, which is paid on an annual basis, while the price goes down significantly based on the kind of work you do.

Taxbit Pricing
Taxbit Pricing

How to get started with Taxbit?

Follow these simple steps to get started with Taxbit without wasting even a minute:

  1. You can join Taxbit with a 14-day free trial.
  2. Sign up with your email and create a password for yourself. 
  3. Agree to the terms and conditions of Taxbit, and here you go.  

How to Generate your Crypto Tax form with Taxbit?

Taxes are a part of every individual’s life, and understanding which taxes you need to file can be difficult. Fortunately, the process has become much more automated and less arduous with the help of Taxbit. Follow the given steps to generate your crypto tax form:

  • Give Taxbit the permission to sync all your financial applications. 
  • Taxbit would automatically generate the tax bill for you.
  • Download the tax bill from the application and pay it yourself or with the help of an accountant. 

Taxbit Review: Customer Support

Taxbit is a cutting-edge tax software provider that offers a comprehensive range of services. Taxbit has recognized the role of customer service in the success of its business and offers two customer support options to choose from. In order to give the best experience for their customers. They do this by offering the best customer support Taxbit can be reached at the time listed on their website. They also provide a live chat for their customer, which is available 24/7.

Taxbit Customer Support
Taxbit Customer Support

Also Read: Koinly Review – Is It Really a Good Tax Software?

Is Taxbit Safe?

When you’re looking for Taxbit, one of the most important things to consider is how safe it is. It’s crucial that your personal and financial information remains as private as possible. TaxBit has taken numerous steps to ensure data security within its system.

Taxbit Review: Pros and Cons

Pros Cons
It has a free trial for 14 days. Its is paid platform. 
24×7 customer support. Taxbit’s application is not available for mobile phones. 
Supported by major countries around the world. 

Taxbit Review: Conclusion

This was a complete blog about Taxbit where we covered its features, pros and cons, and a few of the steps to get started with it. Join Taxbit and avail of its crypto tax service without any hassle. Its premium paid packs would further enhance your entire experience. Talking with executives in real-time is another plus point that Taxbit has. 

Frequently Asked Questions 

Where are the headquarters of Taxbit?

The headquarters of Taxbit is located in Salt Lake City,  Utah,  United States.

Is it safe to use Taxbit?

Yes, Taxbit is a very safe and secure platform. 

When was Taxbit formed?

Taxbit was formed in the year 2018.

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