Cointelli
How ‘Cointelli For Accountants’ is making it easy to calculate clients’ crypto taxes Imagine a client presenting you with a plethora of different spreadsheets, emails, and screenshots showing their crypto transaction history.Where would you even begin?
Obviously, approaching this as a manual task would be time-consuming at best and impossible at worst.When there are thousands of transactions to comb through, and different compliance rules for different types of activity, things get tricky fast.And what about more exotic transactions like mining rewards , airdrops , and hard forks ?
Some of the common challenges that even the most experienced accountants may face when confronted with a client’s crypto taxes include:
Inability to deal with the sheer volume of transactions Ambiguity regarding how certain events are taxed Calculating cost basis Dealing with data from multiple exchanges, both foreign and domestic Assuring compliance for their clients regarding all transactions and taxes owed Coping with these new challenges during the busy tax season Cointelli has been developed by certified public accounts , for certified public accountants (CPAs), to alleviate most or all of these difficulties.The software anticipates all of the roadblocks that accountants typically encounter when dealing with their clients’ crypto tax liabilities, and streamlines the process to provide both accountants and their clients with peace of mind.
And now, the Cointelli product has been expanded to include a tailor-made “For Accountants” service that delivers outstanding usability, and makes providing an exceptional quality of service to your clients easy.
The advantages of ‘Cointelli For Accountants’ With crypto tax software that was created by CPAs, you can forget about having to manage clients across a range of documents and different programs.
With Cointelli, accountants can do away with endless spreadsheets and exchange reports, and instead manage their clients easily from a single dashboard.The software’s simple, user-friendly interface makes things quick, seamless, and very easy.
When it comes to data import, clients can swiftly upload their information into Cointelli’s software using APIs and .CSV files.The details are then taken care of in an automated fashion, presenting accountants and their clients with everything they need in a single location.
You may be thinking: “I don’t want to switch over to new tax software.I’ll have to abandon my established practices and start over.” Thankfully, Cointelli can also be integrated with existing tax software.
Drake, ATX, CCH, and many other popular tax programs can be used in conjunction with Cointelli.No longer do crypto taxes have to be a segregated and complex affair.
To learn more about how to integrate your existing tax software with Cointelli, please visit the Cointelli YouTube channel .
Professionals everywhere are already taking advantage of the many ways Cointelli can make their jobs easier and help them enrich their offerings, with the software trusted by a number of CPAs, tax professionals, and accounting firms.
What makes Cointelli different? ‘Cointelli For Accountants’ works on a credit-based model.Accountants can determine how many credits their clients will need, and assign these in the software accordingly.Unlike other crypto tax software, Cointelli’s plans do not require you to purchase a minimum number of credits.
Discounts of up to 20% are also offered to tax professionals who purchase credits in larger quantities.
Tax professionals can also invite their clients to use the software via the Cointelli dashboard, which provides the current status of each client, and allows the clients themselves to be included in the process.This means clients can work together with their tax professionals on their crypto taxes, providing transparency and peace of mind for both parties.
What’s more, Cointelli is compatible with many different crypto platforms, both large and small.This makes it easy for clients to import and compile their data from across exchanges, wallets, blockchains, and geographies.Some CPAs have noted difficulty in dealing with multiple exchanges, especially when some are foreign and others domestic.
This isn’t a problem with Cointelli, where everything can be integrated into a single location.
Another big concern for both accountants and their clients is accuracy of reporting.Overpaying on your taxes is obviously not ideal, but neither is underpaying, which can result in penalties and late fees being owed in the future.The complexity of having to calculate taxes for various different kinds of crypto-related activities makes this an even more pressing concern.
Having been created by accountants who were well aware of the need for a high standard of accuracy, Cointelli has been designed to be precise in its calculations.Not only can you count on Cointelli to calculate the correct amount of taxes owed, but the software can even help to minimize tax liabilities wherever legally possible.
For anyone having difficulty, Cointelli also offers 24/7 support from trained tax advisors for both accountants and their clients.
Try Cointelli today Starting from March 2022, accountants will be able to take full advantage of Cointelli’s dedicated ‘For Accountants’ service.To recap, this includes:
Compatibility with existing tax software An affordable, credit-based pricing model A dashboard for straightforward client management 24/7 support for accountants and their clients Highly accurate reporting Compatibility with a high number of crypto exchanges All of these features and more make Cointelli an excellent choice for accountants looking to save time this tax season, and beyond.
To learn more, visit Cointelli now to schedule a demo of Cointelli’s new ‘For Accountants’ service.
Check out Cointelli here and learn more about how this state-of-the-art software can help you ensure that your clients pay all of their crypto taxes, and not a penny more.
This post was created by Cointelli with Insider Studios
Read the original article on Business Insider.
