Best Crypto Tax Software for CPAs and Tax Professionals 2025
In current years, an growing variety of retailers and establishments have joined the crypto bandwagon, investing and buying and selling available in the market.
If you’re a tax skilled, likelihood is you’ve discovered your self studying how cryptocurrencies work so as to effectively help your shoppers in fulfilling their tax obligations.
As it’s with common finance, utilizing the right crypto tax software will show to be invaluable for your course of.
This article discusses one of the best crypto tax software program instruments {that a} licensed public accountant (CPA) or a tax skilled can use to calculate crypto taxes for their shoppers. It additionally highlights numerous enterprise software options and how these tax instruments work for tax consultants.
Main takeaways:
- Growing crypto adoption has elevated the necessity for CPAs and tax professionals to correctly perceive and handle crypto-related tax obligations.
- Crypto tax software program can automate essential duties comparable to monitoring, analyzing, and reconciling transactions throughout wallets, exchanges, and blockchains.
- Using crypto tax platforms can considerably scale back human error, save time, and assist CPAs keep compliant.
- Most platforms permit CPAs to collaborate with their shoppers, evaluate lacking data, optimize for sure tax methods, and extra.
Top 5 Crypto Tax Software for CPAs and Tax Professionals
Whether you’re a seasoned crypto tax skilled otherwise you’re new to the area, we’ll focus on 5 high cryptocurrency tax instruments for CPAs that you need to use. Pay consideration to the professional features comparison as we focus on them.
| Name | Key Pros | Price | Rating |
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$49 – $199 |
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$65 – $1999 |
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$59 – $599 |
20% OFF for Cryptopotato readers
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$49 – $199 |
10% OFF for Cryptopotato readers
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$49 – $499 |
Koinly
Koinly is commonly thought to be probably the most common skilled crypto tax platforms, on account of its user-friendly interface, cost-effectiveness, and general options. Koinly has a devoted part for accountants, serving over 6,000 of them. Here, CPAs can use a single account to observe the crypto trades of a number of shoppers concurrently.
Harnessing synthetic intelligence, Koinly automates the transaction monitoring course of, serving to tax consultants decide tax-deductible trades.
Pricing:
Koinly affords three pricing packages for CPAs and tax accountants. They are:
- Starter package deal (5 licenses): $69/license.
- Growth package deal (10 licenses): $59/license.
- Scale package deal (30 licenses): $49/license.
NOTE: CPAs assign every license to their shopper to generate tax stories.
Key Features:
- Supports 420+ exchanges and wallets.
- Supports over 25,000 cryptocurrencies.
- Crypto tax calculator.
- Portfolio tracker.
- Customer help.
TokenTax
TokenTax is a crypto tax software program designed for skilled use. It works with accounting companies and enterprises to trace crypto transactions and generate tax stories for shoppers. TokenTax reviews present that the platform gives instantaneous entry to tax kinds, tax estimate previews in real-time, and swift knowledge imports.
TokenTax has collaborated with TurboTax to ease the tax submitting course of for customers. It additionally boasts a devoted buyer help crew to assist information customers by way of its platform.
Pricing:
- Basic: $65/12 months.
- Premium: $199/12 months.
- Pro: $1,999/12 months.
- VIP: $3,499/12 months.
Key Features:
- Crypto tax calculator.
- Crypto revenue calculator.
- Enables one-on-one interactions with in-house CPAs.
- Crypto transaction reconciliation.
CoinTracker
CoinTracker is one other best choice for CPAs and tax accountants looking for crypto tax software program. In its devoted part for tax professionals, the platform gives CPAs with environment friendly client management features. This means, they will monitor and monitor their shoppers’ knowledge by way of a single dashboard. It additionally permits tax accountants to buy plans on behalf of their shoppers.
The tax skilled crypto software program permits particular transaction searches utilizing its AI-powered transaction search device. It additionally affords one-on-one coaching periods to assist CPAs simply perceive the instruments. The tax platform companions with numerous platforms, together with H&R Block, Intuit TurboTax, and the Solana Foundation.
Pricing:
- Free (excludes tax submitting).
- Base: $59/tax 12 months.
- Prime: $199/tax 12 months.
- Ultra: $599/tax 12 months.
- Full Services: $3,499/tax 12 months.
Key Features:
- White glove partnership.
- Support crew.
- Crypto revenue calculator.
- Tax loss harvesting.
- Portfolio monitoring.
CoinLedger
CoinLedger is one other crypto tax software program for accountants looking for automated platforms to serve their shoppers. It gives an interface the place CPAs can handle their shoppers’ total dashboard after serving to shoppers import their crypto transactions. Then, tax accountants can simply view, obtain, and file tax stories on their shoppers’ behalf. Tax consultants can even reconcile lacking transactions for their shoppers.
For tax consultants new to crypto, CoinLedger affords a “Crypto Taxes 101 information” to assist them perceive the whole lot they want. This encompasses how crypto works and the best way to put together tax stories.
Pricing:
- Portfolio monitoring: $0
- Hobbyist: $49
- Investor: $99
- Pro: $199+
Key Features:
- Crypto tax calculator.
- Profit calculator.
- Portfolio tracker.
- Tax software program integration.
- Chat help.
CryptoTaxCalculator
CryptoTaxCalculator is thought to be probably the greatest cryptocurrency tax instruments for CPAs and tax accountants due to its inherent options. Through the Accountant Portal, CPAs can add shoppers. They can even import, monitor, and evaluate their shoppers’ crypto-focused knowledge. CPAs can even delve deeper into particular person shoppers’ dashboards to collaborate with them in real-time by way of actions, comparable to viewing their tax obligations, leaving notes, and reconciling lacking transactions.
This tax skilled crypto software program has joined forces with leaders within the accounting world, comparable to Grant Thornton, Cadena Legal, Gordon Law, and Citrin Cooperman.
Pricing:
CryptoTaxCalculator permits CPAs and accountants to supervise their shoppers’ dashboards within the Accountant Portal for free. However, shoppers can pay for providers inside the following packages:
- Rookie: $49.
- Hobbyist: $99.
- Investor: $249.
- Trader: $499.
Key Features:
- Smart contract transactions.
- Tax loss harvesting.
- Portfolio monitoring.
- Customer help crew.
- Support for a number of jurisdictions.
What are Crypto Tax Software Tools?
As a CPA or tax skilled, you understand that your shoppers are required to pay taxes on their crypto transactions. But what sorts of crypto transactions are taxable? Here is a breakdown of taxable occasions inside the crypto market in accordance with most jurisdictions:
- Capital beneficial properties taxes: They seek advice from the taxation of income on crypto sale and swap, and the usage of crypto to buy items or providers.
- Income taxes: They apply to crypto earned from actions comparable to mining, staking, fork occasions, and airdrops. It additionally encompasses salaries and wages paid utilizing crypto.
The reality is that compiling these taxable occasions collectively is time-consuming and susceptible to human error. Hence, crypto tax software program makes it straightforward for one to compile bulk crypto transactions and decide the relevant taxes. Not simply that, however many of those instruments will show you how to with figuring out the best strategies to decrease crypto taxes owed by your shoppers.
Crypto tax software program is an automatic platform designed to assist customers compile and calculate the relevant taxes on their crypto transactions. It achieves this by monitoring customers’ transactions throughout numerous blockchains, crypto tasks, exchanges, and Web3 wallets. The tax device additionally helps with the submission of tax stories. This means, customers can appropriately cowl their crypto tax obligations.
Why Do CPAs and Tax Professionals Need Crypto Tax Software?
CPAs and tax professionals are sometimes employed to help people and companies in compiling and submitting correct tax returns. Cryptocurrencies may very well be among the many taxable occasions.
Even if you happen to’re nicely conscious of how crypto taxes work, dealing with all that work manually is simply tedious, time-consuming, to not point out susceptible to human errors. It is essential to make use of software program that makes it straightforward to navigate the complexities of the crypto trade whereas compiling the relevant taxe for your shoppers. This means, you’ll be able to present correct tax submitting after scanning by way of each transaction for a given tax 12 months. It additionally allows you to present skilled session providers to shoppers.
Using crypto tax software program helps CPA and tax professionals to create foolproof tax stories, avoiding human errors within the course of. It additionally saves the time and assets that may have in any other case been spent on different actions. As a consequence, you’ll be able to serve extra shoppers concurrently.
As crypto continues to be an evolving ecosystem, the relevant tax legal guidelines applied in numerous nations could change over time. Instead of staying up-to-date with each up to date tax regulation, tax professionals can depend on crypto tax instruments to make sure regulatory compliance with the native legal guidelines of their shoppers.
CPAs and tax consultants can even use crypto tax software program instruments for their private use. If they determine to enterprise into the crypto world, these professionals can monitor their transactions throughout numerous blockchains, tasks, wallets, and exchanges.
How Do Crypto Tax Tools Work for CPAs and Tax Experts
Regardless of the crypto tax software program device {that a} CPA or tax accountant chooses, they typically observe the same path to handle their shoppers’ crypto knowledge successfully. Here’s the way it works:
Step 1: Create an Account on the Platform
The very first thing to do as a tax accountant is to create an account on a crypto tax software program platform. Ensure you register as a CPA and not a daily person. This means, you’ll have all of the wanted instruments to supervise your shoppers’ dashboards.
Step 2: Invite Your Clients
The subsequent factor is to ask your shoppers to create an account on the identical platform utilizing a hyperlink you present them with. Once they create their accounts, the platform often gives the shopper with a step-by-step course of to import their crypto transactions throughout wallets, exchanges, blockchains, and tasks. Alternatively, shoppers can add their knowledge by way of CSV or API.
Step 3: Review Clients’ Transactions
As your shoppers add their crypto transactions straight or by way of CSV and API, you, because the CPA or tax skilled, acquire entry to their transactions. You can then flag lacking value historical past and different incomplete knowledge for reconciliation. Some platforms assist you to work with AI-powered instruments to ease the evaluate course of. During this stage, you’ll be able to deduce whether or not your shopper is eligible to profit from tax loss harvesting and different deductions to save lots of their cash.
Step 4: Download the Tax Report(s)
The last step is to obtain the finished tax type in a single click on. These embody IRS Form 8949, Schedule D, Schedule 1, Capital Gains CSV, and Transaction History CSV. The crypto tax software program gives the creation of tax stories which are suitable with the native tax legal guidelines, releasing the CPA from a lot problem. It is price noting that earlier than downloading the tax report, most crypto tax software program mandates that your shoppers buy a plan that matches their variety of transactions.
FAQs
Do I want a crypto tax device as an accountant?
Yes, you do. Using a crypto tax device helps to make your work simpler. You gained’t must spend hours scanning by way of your shoppers’ crypto transactions, particularly those that are heavy crypto customers. You additionally eradicate the danger of human error whereas reviewing transactions. It additionally saves you from spending hours understanding the whole lot about how crypto works.
Are crypto tax instruments free for accountants and tax professionals?
On some platforms, comparable to CryptoTaxCalculator, crypto tax instruments can be found to accountants and tax professionals for free of charge. However, platforms like Koinly require customers to buy a plan. Still, usually, shoppers must pay for full entry to tax instruments.
What crypto tax software program do skilled tax preparers use?
There is not any one-size-fits-all crypto tax software program for tax accountants. This article discusses 5 choices for CPAs to contemplate. When selecting a platform, the tax preparer could weigh a number of choices, together with pricing, supported options, the variety of integrations, the help system, and an academic part. This means, they will select the suitable crypto tax software program that works nicely for them and their shoppers.
Conclusion
Understanding the crypto sphere for the sake of serving to shoppers fulfill their tax obligations could be troublesome for most CPAs. Tax accountants not must spend hours attempting to wrap their heads round how crypto works earlier than they will work for crypto taxpayers. With the skilled crypto tax platforms mentioned on this article, they will entry all the mandatory instruments to handle their shoppers’ crypto transactions, evaluate them, and obtain tax stories, multi function place.
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