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TaxBit is a tax compliance and accounting software platform that focuses on automated tax reporting and financial compliance for digital assets and cryptocurrency. Founded in 2017 and based in Draper, Utah, the company employs around 155-170 people. TaxBit aims to modernize financial infrastructure, ensuring that blockchain and tokenized assets operate safely and in compliance with regulations. The company offers a range of enterprise solutions, including an Information Reporting Platform that automates tax reporting across various jurisdictions and currencies, generating over 100 million tax forms. Their Enterprise Accounting Solution integrates digital asset transactions with existing accounting systems, providing organized financial insights. TaxBit's platform features developer-friendly APIs, end-to-end automation, and real-time dashboards, supporting compliance in 140 countries. TaxBit serves various sectors, including custodial exchanges, marketplaces, payment processors, and FinTech companies. Their platform is trusted by notable clients such as Dave.com, Fidelity, and Uphold, and is recognized for its high security standards, holding multiple certifications.
