Stress-Free Crypto Tax Reports

Crypto taxes doesn’t need to be painful.

→  Sorted by experienced accountants

 Complex transactions, no problem

 1 million plus transactions processed

 Delegate and avoid software nightmares

What our clients have to say

The Total Tax Reporting Package for Crypto Investors

MetaCounts offers crypto services that can help calculate ROI and generate tax reports compliant with any country's regulations. Our plans include support for basic crypto transactions like trades, transfers, and gifting, as well as more advanced transactions such as margin trades, mining, and DeFi. We cover a wide range of activities, including NFTs, staking/interest, and crypto loans.

Custom Reports

While most tax software come with set crypto reports, we can work with you to generate custom reports for your specific needs. We do this by employing our internal models in conjunction with tax software reports.

Efficient Team

Our team of CPAs and CFAs have handled thousands of complex crypto transactions in our client portfolios. Hence we don't have to research different transactions/protocols which means we work faster and efficiently.

Software Experts

Our team has expertise in navigating the complexities of crypto tax software, including missing transactions, cost basis, liquidity and staking pools. We can simplify the process for you across various platforms.

Want a longer, deep dive into what we do? Click below.

Gain insight into our work methodology and experience our process firsthand by viewing this video showcasing how we approach and execute our work.

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MetaCounts offers the most comprehensive crypto taxes suite

We have handled client accounts with a wide range of investments including ICO deals and Defi protocols located in many chains, wallets, exchanges and custody accounts. We are a hands-on team who share a passion for blockchain space.

The list is not exhaustive and if you don’t see your wallet, exchange account or deal, we can still help. Reach out today!
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Frequently Asked Questions

What experience and qualifications does MetaCounts have in crypto accounting and taxation?

At MetaCounts, we are a top crypto accounting firm with extensive experience and qualifications in crypto accounting and taxation. Our team of accountants and tax professionals has a deep understanding of the complexities and nuances of cryptocurrency transactions and the tax implications that come with them. 

We have worked with a wide range of clients in the crypto industry, from individuals to established companies, and have helped them navigate the challenges of accounting and tax compliance in this rapidly evolving field. Our team includes Chartered Professional Accountants (CPAs) and Chartered Financial Analysts (CFAs) who are well-versed in the latest accounting and tax regulations related to cryptocurrency, around the world.  We also have experience working with a variety of blockchain technologies, exchanges, wallets, Defi protocols and platforms, allowing us to provide tailored solutions that meet the unique needs of each client. 

Overall, we are confident in our ability to provide top-tier crypto accounting and tax services, backed by our extensive experience and qualifications in the field
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How will your firm ensure the accuracy of the accounting and tax reporting for cryptocurrency transactions?

At MetaCounts, we place a high value on accuracy and compliance in our accounting and tax reporting services for cryptocurrency transactions. However, we recognize that achieving 100% accuracy is not always possible in the cryptocurrency industry due to its complex and ever-evolving nature.

Therefore, we strive to ensure that our clients' accounting and tax reporting is as accurate as possible, using advanced software, thorough reviews, and ongoing education to minimize errors and ensure compliance. We also work closely with our clients to understand their unique needs and goals, tailoring our services to meet their specific requirements.

It's important to note that even tax authorities understand the challenges of calculating taxes in the cryptocurrency industry and expect tax payers to make a reasonable effort to report their transactions accurately. We work diligently to help our clients meet these expectations while minimizing the risk of errors or omissions in their reporting. Here are some of the ways we ensure accuracy:
  • We use cutting-edge software and tools: Our firm uses advanced software and tools designed specifically for cryptocurrency accounting and tax reporting. These tools help us automate many of the accounting processes, reducing the risk of human error and ensuring that data is accurate.

  • We conduct thorough reviews: Our team conducts regular reviews of all transactions to ensure that the data is accurate and complete. We also have multiple layers of review to ensure that errors are caught before final reports are submitted.

  • We stay up to date with regulatory changes: The cryptocurrency industry is constantly evolving, and we make sure to stay informed about changes to regulations and tax laws that may impact our clients. By staying current, we can ensure that our clients are always in compliance and that their reporting is accurate.

  • We provide training and education: We believe that education is a key component of accuracy. We provide our clients with training and resources to help them better understand the accounting and tax reporting requirements for cryptocurrency transactions, which can reduce the risk of errors and ensure that they are properly reporting their transactions.

  • We have extensive experience in dealing with a large volume of cryptocurrencytransactions, having handled over a million transactions in our clients'portfolios. We have developed specialized processes and tools that help usefficiently manage and track these transactions. We leverage automation, dataanalysis, and other advanced technologies to ensure that all transactions areaccurately recorded, categorized, and reported in a timely manner. Ourexperience in handling large volumes of cryptocurrency transactions has alsoallowed us to identify common patterns and issues that may arise, and we arewell-equipped to quickly and effectively address any problems that may occur.

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What tools and technology does the firm use to manage cryptobookkeeping activity?

We use a range of cutting-edge tools and technology to manage crypto bookkeeping activity for our clients. Here are some of the tools and technologies we use:
  • Crypto accounting software: We use specialized software designed specifically for cryptocurrency accounting, such as CryptoTrader.Tax, ZenLedger, Koinly, and CoinTracking etc.

  • Blockchain analysis tools: We use blockchain analysis tools such as Etherscan, Blockchair, and to track and analyze cryptocurrency transactions. These tools help us identify and categorize transactions accurately, ensuring that we capture all necessary data for accurate accounting and tax reporting.

  • Automation tools: We use automation tools to streamline routine bookkeeping tasks, such as importing data from exchanges, categorizing transactions, and generating reports. This saves time and reduces the risk of errors.

  • Integrations: We integrate with popular cryptocurrency exchanges, wallets, and payment processors to automatically import transaction data, making the bookkeeping process more efficient and accurate.

  • Data analysis tools: We use data analysis tools such as Microsoft Power BI, Tableau, or Google Data Studio to provide clients with in-depth analysis and insights into their cryptocurrency transactions.

    Overall, our use of these tools and technologies allows us to efficiently manage and accurately report on our clients' cryptocurrency bookkeeping activity, while also staying up-to-date with the latest trends and changes in the cryptocurrency industry.

    Lastly, we also sometimes use multiple software in conjunction as one software may work best with one API while other may not. This helps in reducing time spent reconciliation activity and ultimately saving you money.

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I already have a crypto tax software subscription, but calculations are way off. Can you look at my calculations?

Yes, we can certainly review your crypto tax calculations to help identify any errors or discrepancies. However, as a professional crypto accounting firm, we have our own methods and internal models that we use to ensure the accuracy of our calculations. Therefore, we prefer to work from scratch using our own tools and processes, rather than reviewing calculations made by you.

Additionally, we have found that when we work directly with client accounts, it can often take more time to review and correct errors than it would to start from scratch. That's why we recommend our clients work with us from the beginning, so we can ensure that all transactions are being properly recorded and categorized as they occur, and that all calculations are correct from the outset.

Ultimately, our goal is to provide our clients with the most accurate and reliable accounting and tax reporting possible, and we believe that working from scratch using our own tools and processes is the best way to achieve this goal.
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What are the fees for the firm's services, and how do they compare to other firms in the industry?

We understand that each client has unique needs when it comes to crypto accounting and tax reporting. That's why we offer competitively priced crypto bookkeeping services that are tailored to your specific requirements. To provide you with a quote, we'll ask you to fill out a simple form on our website so that we can analyze your transactions and estimate the amount of work involved.

We will then provide you with a ballpark estimate, which includes an hourly rate and an approved budget in terms of hours. If we end up requiring less time than approved, we'll only bill you for the actual hours. If we need more hours, we'll come back to you for further approval with clear reasons. This ensures that you have full visibility into the work being done and the costs associated with it.

Please note that due to the unpredictable nature of crypto transactions, it's difficult to provide an exact quote. For example, it may take us only 1 minute to recognize a transaction on the Ethereum chain, while a similar transaction on the Solana chain could take us 5 minutes. However, we have a highly efficient team with extensive experience in handling crypto transactions. We've processed over 1 million transactions for our clients, so chances are we've encountered similar transactions before and can treat them efficiently. Plus, our streamlined research process means you'll save time and money.

Additionally, for first-time users of a crypto accounting platform, we charge an upfront setup and foundation amount. This fee covers the initial setup and configuration of your account, as well as any necessary training to get you up to speed on our tools and processes.  We strive to offer competitive pricing that reflects the value and quality of our services. While we cannot speak to the fees charged by other firms in the industry, we are confident that our pricing is fair and reflects the expertise and experience of our team. 
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Can the firm provide assistance with tax planning and optimization for cryptocurrency holdings?

Yes, we can provide assistance with tax planning and optimization for your cryptocurrency holdings. Our team of experienced crypto accountants and tax professionals can help you understand the tax implications of your cryptocurrency investments and develop a tax planning strategy that meets your specific goals and objectives. 

We stay up-to-date with the latest developments in the cryptocurrency tax landscape and can help you navigate complex tax issues such as wash sales, cost basis tracking, and capital gains reporting. We can also advise you on tax-efficient strategies for buying, selling, and holding cryptocurrencies. 

Our goal is to help you minimize your tax liability while staying fully compliant with all relevant tax laws and regulations. Whether you're a seasoned crypto investor or just getting started, we can provide the guidance and support you need to achieve your financial goals. 

Contact us today to learn more about our tax planning and optimization services for cryptocurrency holdings.
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I already have an accountant I work with. Can you just handle my crypto tax calculations?

Yes, we can provide you with standalone crypto tax calculation services even if you have an accountant you work with for other tax-related matters. Our team of experienced crypto accountants can help you accurately calculate your tax liability on your cryptocurrency transactions and provide you with a comprehensive report that you can share with your accountant or tax preparer.
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How does MetaCounts handle disputes or audits related to cryptocurrency transactions and taxation?

At MetaCounts, we have extensive experience in handling disputes and audits related to cryptocurrency transactions and taxation. Our team of accountants and tax professionals are well-versed in the IRS/CRA guidelines on virtual currency transactions and have a deep understanding of the complexities and nuances of cryptocurrency taxation.

If a dispute or audit arises, we work closely with our clients to provide support and guidance throughout the process. We help them understand the issues at hand, gather the necessary documentation and data, and work to resolve the matter as efficiently and effectively as possible.

In the case of an audit, we can represent our clients before the IRS/CRA or other tax authorities, providing expert guidance and support throughout the process. We work to ensure that our clients' interests are protected, and that they receive fair and accurate treatment under the law. Overall, our experience and expertise in handling disputes and audits related to cryptocurrency transactions and taxation allows us to provide our clients with a high level of support and guidance, ensuring that they are able to navigate the often complex and challenging landscape of crypto accounting and taxation.
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