TaxBit Mission, Values, Culture & Jobs (2024)

FAQs

What is the mission statement of TaxBit? ›

TaxBit's core mission is centered around simplifying the complex world of cryptocurrency taxes and accounting, making it more accessible and manageable for individuals and businesses alike.

Designed by CPAs and tax attorneys, TaxBit is the leading tax and accounting solution for the tokenized economy. TaxBit's platform serves the industry's top exchanges, institutional investors, governments, and individuals.

TaxBit's valuation in August 2021 was $1,330 - $1,500M.

TaxBit Appoints Lindsey Argalas as CEO, Ushering in a New Era of Innovation and Growth.

For over 85 years, our mission has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity. Our vision is a world where the tax code doesn't stand in the way of success.

Seamless integration. All TaxBit Network end-users can sign up for free TaxBit accounts and connect all their exchanges and wallets immediately. See real-time gain/loss info, all historical transactions, and download current year tax forms on-demand.

TaxBit automates the process by specifically identifying, by exchange, the assets with the highest cost basis for disposition to reduce taxable gains. Although HIFO by exchange is the most common approach for optimizing taxes under the Specific Identification method, HIFO isn't the only option.

Check if TurboTax supports your sources. For gain/loss CSVs (1099-B), sources including Coinbase, Robinhood, TaxBit, CoinTracker, and more. For supported transaction CSVs, sources including Coinbase, Coinbase Pro, PayPal, CashApp, Binance.US, and more.

Austin Woodward is the CEO and Co-Founder of TaxBit, the leading tax and accounting solution for the digital economy. Woodward, a CPA, co-founded TaxBit in 2017 alongside his brother Justin Woodward, a tax attorney, and their cousin Brandon Woodward, front-end development and design.

Coinbase maintains partnerships with TurboTax, H&R Block, Crypto Tax Calculator and CoinTracker, and also recognizes Koinly and TaxBit as companies that can provide good counsel on your cryptocurrency tax burden.

What chains does TaxBit support? ›

We don't just fix bugs, we fix software.

We combine high-end security research with a real-world attacker mentality to reduce risk and fortify code.

BITS' mission is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

To assist taxpayers in resolving problems with the IRS; To identify areas in which taxpayers have problems in dealings with the IRS; To the extent possible, propose changes in administrative practices of the IRS to mitigate those identified problems; and.

We provide the opportunity for accountancy and finance professionals to develop their own profitable accountancy business and build an asset for their future, and we dedicate ourselves to helping our franchisees build a successful, profitable and future-proof 'one-stop-shop' business.