How Taxbit helps Banks
Taxbit is the leading choice for tax and accounting.
Save Time
Automate processes, calculations, and reporting to save valuable time. Taxbit’s efficient system handles repetitive tasks, allowing you to focus on strategic activities rather than manual work.
Reduce Errors
Eliminate chances for reporting errors by proactively addressing issues throughout the year. Taxbit ensures accuracy with proactive remediation and constant monitoring
Be Audit-Ready
Taxbit ensures you are always prepared for audits with comprehensive reports. Our platform is independently certified, guaranteeing the highest standards of security and accuracy.
Information Reporting Features
Discover how Taxbit’s robust features streamline tax reporting for Digital Asset Brokers
Live Dashboard
Analyze live data, such as TIN verification and tax form creation, and access reports to better understand your user population and address concerns before they become issues.
Digital W9 & W8
Save time and money with turnkey digital Form W-9, W-8BEN, and W-8BEN-E collection, verification, remediation, and storage.
Cost Basis Calculation
Calculate, adjust, and track accurate digital asset cost basis to power lot-level gain/loss, recording in ledger, and secure and seamless use in upstream information reporting.
Form Generation
A single platform to automate the collection, calculation, generation, delivery, and hosting all of your IRS-required information returns.
Customer Experience APIs
Give your customers real-time insights and access to tax forms by using our tax center APIs to embed information reporting into your application or customer experience.
Financial Reporting Features
Unlock powerful accounting capabilities for Digital Asset Brokers with Taxbit
FASB and IFRS Support
Effortlessly run calculations on digital asset holdings to generate reports that adhere to global accounting standards. Download a summary balance for any date range or wallet, track realized gains and losses, or see a breakdown of NFT transactions.
Custom Categorization
Save time and gain confidence in your transaction data using Taxbit’s customizable rules engine to assign categories and memos. Everything automatically syncs to your ERP.
Legal Entity Support
Automate tax and accounting treatments for internal transfers between multiple legal entities. Maintain differentiated books for accounting and corporate tax purposes.
Principal Market Analysis
PMA gives you the tools to guide price selections from particular exchanges when determining crypto fair value measurements: select the time frame, assets, exchanges, and types of trading activities that are relevant to you.
ERP Integration
Map digital asset activity to the Chart of Accounts in your ERP system for traceability and auditability. Flexible configurations allow you to choose the accounting method (e.g. FIFO, HIFO, Weighted Average, etc.), sync cadence, and create dedicated accounts by asset type.
Ensure Robust Controls and Security
Stay audit-ready, with a platform that is independently SOC 1 Type 2, SOC 2 Type 2, and ISO 27001 certified.
Extensive Integrations for Effortless Accounting
Taxbit connects with a wide range of platforms to seamlessly integrate digital asset data into your accounting systems, ensuring smooth and accurate financial operations.


