TaxBit

TaxBit is an integrated enterprise compliance platform for tax information reporting and crypto accounting in the digital economy. It's a single API-powered system of record for all tax and accounting activities related to digital assets. The platform is designed to automate manual work, increasing operational efficiency and reducing errors.

TaxBit supports a range of use cases, including:

• Enterprise Tax: Automates information collection, validation, and form generation, delivery, and filing for seamless compliance.
• Enterprise Accounting: Offers a cryptocurrency accounting subledger that consolidates data and integrates with the rest of the financial stack in a secure and auditable manner.
• Government: Processes digital asset data at scale, ensuring compliance with modern tax calculation engines across the entire digital asset ecosystem.

TaxBit's features include:

• Real-time, role-based access: Streamlines user management and data tracking.
• Comprehensive reporting: Tracks reporting from capture to validation and filing.
• Powerful insights: Offers on-demand business and customer insights for data-driven decision-making.
• Security-focused: Built with independent annual audits and strong control frameworks to ensure data security.

TaxBit is used by Fortune 500 companies and regulatory agencies, offers a modern user experience, and supports advanced features like multi-entity support and customizable rules engines. The platform helps customers navigate complex digital asset regulations, including the US Treasury and IRS guidance for custodial digital asset brokers.

TaxBit's solutions are designed to improve compliance, lower costs and simplify digital asset accounting. By automating manual processes and providing real-time data visibility, TaxBit helps companies optimize operations and keep pace with changing regulatory requirements.

Published on July 28, 2024