Tools for Tax Time

What tools can I use to assist with my tax return?

There are many tools online that can be used to assist in record keeping, and to generate reports for tax time. These tools allow you to easily generate and create regulatory compliant tax reports in a few simple steps, among other helpful features.

There are typically two ways you can import your CoinSpot transactions to these platforms, these are via an API or by downloading your .CSV files from CoinSpot and uploading them.

When using an API it is very important to provide READ ONLY access to a third party and not full access.

To assist you with setting up your API Key, please have a read of our how to set up your API Key article.
The tools below are easy to use and easy to set up. If you would like to try these tools yourself you can read the following articles to find out how to use cryptotaxcalculator.io and koinly.io with your CoinSpot account.

CryptoTaxCalculator

At CryptoTaxCalculator, the team is building a platform to make understanding tax obligations simple and straightforward. Their tools help identify, track and organise crypto activity across hundreds of exchanges and blockchains with ease. Their reporting can assist in saving time and make your transaction history transparent and easy to understand.

Whether buying and selling, or venturing into other activities such as Earning, NFT trading, and more, CryptoTaxCalculator is able to assist. With categorisation options for airdrops, Earning rewards, and more, you will be able to keep track of even your most involved crypto transactions for tax purposes.

The majority of transactions will be auto-categorised, but the platform’s categorisation options also give individuals the ability to customise their tax reports to their exact personal circumstances. Once your transactions have been imported and categorised, users will be able to use the CryptoTaxCalculator reconciliation engine to identify any outlying transactions that need a bit of extra attention. Any instances that need manual review will be grouped into high, medium, and low impact for ease of access, giving user’s the building blocks needed to complete an accurate crypto tax report.

Once completing the reconciliation process, you will be able to select the financial year and inventory method to be applied to the crypto tax report. With an overarching report summary, capital gains report, income report, and more available, you can download the exact information needed to facilitate your crypto taxes.

To connect your CoinSpot account to CryptoTaxCalculator follow our step by step guide.

Koinly

Koinly is a leading Australian crypto tax tool, catering to investors and traders at all levels. Whether it’s Crypto, DeFi or NFTs, Koinly can save you valuable time by reconciling your holdings to generate an ATO compliant tax report. Offering seamless integration with over 600 wallets, exchanges and services, most users are able to generate their full suite of reports in under 20 minutes.

Why choose Koinly?

• Generate a complete crypto tax report outlining capital gains, expenses and various sources of income in under 20 minutes.
• Track your total holdings, growth and expenses year-round on a dashboard.
• Integration with 600+ exchanges, wallets and services or upload your transactions via CSV.
• ATO compliant, plus you can easily invite your Accountant onto the platform for review and lodgement.
• 24/7 Customer Support and an Australian based team.
• An average rating of 4.6/5 from over 700+ reviews.
• Free signup

To connect your CoinSpot account to Koinly follow our step by step guide.

CoinLedger

The team at CoinLedger is offering a 30% discount to all CoinSpot users creating their first tax report with the discount code, 'COINSPOT'.

CoinLedger is an all-in-one portfolio tracking, and crypto tax software solution that integrates with CoinSpot. Supporting tax calculations in Australia, the United States, and other countries around the globe, CoinLedger aims to calculate your taxable income from capital gains, NFTs, and DeFi transactions in just a few minutes. Along with calculating your short and long term capital gains & losses, the team at CoinLedger also allows you to export this information into a tax filing software of your choice.

CoinLedger aims to offer an-ever expanding list of supported crypto exchanges and blockchains. While also allowing you to automatically import your CoinSpot transactions into their app.

To connect your CoinSpot account to CoinLedger follow our step by step guide.

ACCOINTING.com

The team aims to provide a suite of different tools that solve a number of problems, these include ATO-compliant tax reports with categorisation options for lending, Earning rewards, payments, NFTs, and more. This also includes portfolio tracking, market overviews, watchlists, and alerts. 

ACCOINTING.com aims to offer a fast and simple onboarding experience. The team supports a majority of major exchanges, NFTs, and wallets. You are also able to add manual transactions both through desktop, iOS, and Android.

They have a goal of providing an insightful dashboard on both mobile and desktop to keep track of your performance for DeFi, and NFT transactions in real-time.

Need more help?

Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new

or start a conversation with us via Live Chat and our team will provide full instructions and advice.