Worried about the IRS’s current crackdown on crypto tax evasion? Not sure how to organize your crypto trading records? Scott Hall’s latest report on the top five crypto tax software providers for 2023 will help you get up to speed!
Are your crypto trades spread across a lot of different exchanges? Do you have coins in multiple wallets? Scott Hall's guide will walk you through choosing the right crypto tax software program for your unique business circumstances, so you can get organized and file in no time!
The guide will help you find ways to responsibly and efficiently document your crypto trades and staking activity. That way, your records will match those of government agencies that analyze trading activity and capital gains on public ledgers.
You can read the full guide at https://scotthall.co/the-top-5-cryptocurrency-tax-software-for-small-businesses/
Scott Hall gives you the information you need to choose the software provider that best works for your business situation. With a crypto tax software program, you can easily and quickly organize your crypto trading records to account for your taxes, so you'll have more time to focus on other aspects of your business.
It’s especially important that small business owners like you, who trade in crypto, understand their tax obligations. That's because crypto exchanges increasingly require KYC ("Know Your Customer") rules. This means customers need to provide proof of identity, such as an ID card, facial verification, or document verification, to do business on these exchanges. As financial fraud has been on the rise, so has the enforcement of KYC.
In the report, you'll also find reviews about five high-quality cryptocurrency tax software programs designed specifically for small businesses: CoinLedger, TokenTax, ZenLedger, Koinly, and Taxbit. The report focuses on the distinctive features of each program that will help you save time, accommodate different blockchains and exchanges, meet specific requirements like KYC, and - best of all - perhaps even legally reduce your tax burden.
That could mean big savings for your business - and you have a bona fide expert giving you the inside scoop.
About Scott Hall
Scott Hall is a content marketer, search engine expert, and strategic enterprise account executive in the FinServ sector. In 2000, Scott co-founded StreamSearch, an agency that drove multimedia insight results for several Fortune 500 companies. Now he brings 25 years of experience in search engine software management to help small businesses like yours scale online. His book on social media, “The Blog Ahead,” was published in 2006, and his software and SaaS reviews are available on his website, ScottHall.co.
“Businesses face an uphill battle,” Scott explained. “Because of the pace that technology changes (especially since Covid), many businesses fail to achieve digital success. It’s a treadmill that’s hard to get off, but we can help. Don't be left behind - get up to speed to get ahead!”
Scott Hall's latest report will lead you to the right crypto tax software provider for your situation. With the right provider, you’ll save hours of downloading files, formatting, looking up market prices, doing tax calculations, etc., etc. You’ll get a ready-to-file crypto tax report with great savings in time invested.
Ready to choose your provider? You can find more information about all five programs at https://scotthall.co/the-top-5-cryptocurrency-tax-software-for-small-businesses/