Launched In 2018, Koinly is the fastest growing crypto tax solution globally and offers automated capital gains reporting in 20+ countries.
It is very easy to setup and unlike other tax tools offers a complete API integration with almost every popular exchange such as Coinbase, Bittrex, Binance etc so you don’t have to enter data by hand. You can sync anything from a BTC xpub key to your EOS, COSMOS and even XRP addresses. It also has solid error detection which warns you when transactions are missing or there are errors in your data that could result in a bad tax report.
Some other distinguishing features:
Free portfolio tracking with a beautiful and feature rich dashboard
Live insight into how much you owe in taxes as well as recommendations for how you can save on taxes
Integrated block explorer for multiple blockchains so you don’t have to juggle between multiple explorer sites - everything is in one place
Generate ready-to-file tax reports like Form 8949, Schedule D etc
Very good live chat support that answers you questions and helps with issues
Crypto portfolio tracking on Koinly is absolutely free but tax reports are a paid feature with packages available between 79$ to 399$ per year depending on number of transactions.
About Avalara
Avalara primarily helps mid-sized businesses, e-commerce sellers, accounting firms and even CPA’s get their tax compliance right. Organizations that have tax responsibilities to state or local tax authorities makes this software an effective and reliable solution.
Avalara provides tax calculations for millions of products and has a number of tax categories such as Sales and Use Tax, Excise Tax, Communications Tax, Lodging Tax, VAT, and UPC. It is a comprehensive finance toolset that makes use of multiple indicators and compliance standards to fulfill needs of each business type.
Main features of this platform are Sales Tax Exemption Management; Returns Reporting; Product taxability; Custom Tax Rules; Sourcing rules; Centralized tax management; Standard Reporting; and Geolocation Technology. Apart from key feautures, Avalara offers an ample selection of reporting features and liability worksheets.
Features
Accounts Payable
Accounts Receivable
API
Balance Sheet
Billing/Invoicing
Budgeting
Calendar Management
CRM Integration
Dashboard
Data Export
Data Import
Data Visualization
Expense Tracking
External Integrations
Forecasting
General Account Ledger
Multi-Currency
Multi-User
Notifications
P&L
Payroll
Scheduling
Tax Management
Features
Accounts Payable
Accounts Receivable
API
Balance Sheet
Billing/Invoicing
Budgeting
Calendar Management
CRM Integration
Dashboard
Data Export
Data Import
Data Visualization
Expense Tracking
External Integrations
Forecasting
General Account Ledger
Multi-Currency
Multi-User
Notifications
P&L
Payroll
Scheduling
Tax Management
Summary
Generate tax and capital gains report
Complete API integration with almost every popular exchange
Fair pricing for all types of traders
Tax-loss harvesting
Supports 20+ countries
Block explorer
Free portfolio tracking
Live chat support
Summary
Sales tax compliance automation
Tax determination
Exemption certificate managment
Tax returns, filings, and remittance
Tax rates for over 70,000 jurisdictions worldwide
Automatically updated product taxability
More than 10 million UPC codes mapped to sales tax content
Pre-built integrations for most ERP, POS & ecommerce systems
Detailed reporting
10 million UPC codes mapped to sales tax content
Pricing
Hodler
$79.00
1 user(s) / month
Included in plan:
300 transactions
Tax report for any year
All exchanges & wallets
Income & capital gains
Trader
$179.00
1 user(s) / month
Included in plan:
3,000 transactions
Tax report for any year
All exchanges & wallets
Income & capital gains
Priority support
Oracle
$399.00
1 user(s) / month
Included in plan:
10,000 transactions
Tax report for any year
All exchanges & wallets
Income & capital gains
Priority support
Review & import assistance
Early access to new features
Pricing
Starter
$157.00
1 user(s) / year
Included in plan:
180 Annual Transactions
Typical
$3,670.00
1 user(s) / year
Included in plan:
7,200 Annual Transactions
FAQs
Does this service offer an API?
No
Who are the main user groups of this service?
We do have individuals signing up, however the largest part of our customer base is comprised of accounting firms and tax consultants
What is this service generally used for?
Filing your cryptocurrency tax returns and tracking portfolio.