Top 10 Crypto Tax Return Software for Australia

By Crypto News Australia August 11, 2023

Everybody loves tax time, especially cryptocurrency tax returns. That’s why we’ve come up with a list of Crypto Tax Software solutions which can ease your pain and help you do your free crypto tax return so you can get on with your life. Crypto tax platforms can help in ways to calculate your capital gains, track Bitcoin prices at specific dates/times, for personal income tax returns and company transaction reporting.

1. Tax Tax Tax is free online software that helps you produce crypto tax reports. It has full integration with popular Australian exchanges & wallets to import your crypto transactions for buying, selling, trading, gifts, airdrops and more. The interface is well designed and easy-to-use for beginners, although crypto tax software can be tedious and complicated to use at times so we’re writing a howto guide coming soon. Stay tuned.

2. Koinly


Koinly is an online crypto tax service platform for regular and retail investors. It manages your crypto wallet portfolio and monitors all transactions. By generating regulatory tax reports on each transaction, it helps you to address tax deposits correctly on time. Whenever you are trading, mining, lending, anything happening on your wallet will be tracked by Koinly. It gives detailed reports on every event and calculates the exact number of taxes. So, you don’t have to pay useless fees for your taxes anymore. Moreover, Koinly monitors current market prices and tradings to make sure your tax reports are updated accordingly. The service charge is only $179/year for the premium package.

3. CoinTracker


CoinTracker is a great cryptocurrency portfolio tracker. It is one of the high-end services that cost quite a big amount of cash per annual. It is the most advanced crypto portfolio tracker that analyzes all of your trades at the same time and generates pin-point data for you. You can view your profits/loss data, tax gains, or tax returns through its server. Currently, CoinTracker has more than 300,000 active users from every corner of the world. They have a professional team working tirelessly to build it up to this point. Right now, CoinTacker is hiring software engineers. With a platform that is growing bigger every day, it is no wonder they have open spaces for more recruits.

4. Taxbit


Taxbit cryptocurrency tax software developed by leading blockchain CPA’s and crypto tax attorneys in Australia. This industry leading software allows you to connect over 4200 cryptocurrencies all over the world. With a Taxbit account, you can easily exchange cryptocurrencies, make your transactions with U.S. tax codes, manage and monitor your wallet portfolio, and more. The most significant advantage of it is, you will have access to portfolio traffic analytics, fund audit trail, capital loss deduction, IRS 8949 tax forms – all of this with just Taxbit. This internet-breaking software is not so cheap and comes at $500/year with all premium features.

5. CryptoTrader


CryptoTrader is an automated trading robot for cryptocurrency. This is a 100% reliable platform for trading routes and tax payments. Earlier on the crypto market, people had to work by hand to manage the huge data stream for tax payments. But now, they have CryptoTrader to do their share of work. This automated company manages all of your exchanges via crypto wallet and pay taxes accordingly. Once you connect with the app, you don’t have to do anything regarding tax payments. Also, the platform gives you supports with Cryptocurrency income report, short & long term sales report, IRS form 8949, audit trail report, end of year positions report, turbo tax direct import, and TaxAct direct import. Join their millions of happy members and forget worrying over taxes forever.

6. TokenTax


TokenTax is a crypto tax management company that was founded by Alex Miles back in 2017. This platform directly imports data from crypto wallet merchants. For it brilliant data analyzing ability, it won the Product Hunt Global Hackathon in 2017. TokenTax works as a cryptocurrency tax calculator that connects to every crypto exchange. There are no limitations on the data source and you can import data from anywhere. It flawlessly tracks all of your wallet transactions like capital gains, capital losses, and exchanges. With the acquired data, it ensures tax liability for every virtual currency transaction. So, your money will flow in the right direction. Have TokenTax as your tax partner and solve your tax problems forever.

7. BearTax


BearTax is a low-cost tax management software, globally known for its premium services. It is a global platform that supports the USA, Canada, Australia, and India. If you are looking for auto tax audits then BearTax is for you. Whenever you make a trade, the tax data will be fetched by BearTax instantly and it will put the just amount of money from your wallet for taxes. The best thing about it is, it doesn’t charge you per trade ever. The premium package is about $200/year and you can do unlimited transactions with it without paying any commissions. Great isn’t it? Also, BearTax didn’t spend a penny on advertisements. All of its popularity is owned by its premium services. That’s why it is a leading tax generator for retail investors.

8. ZenLedger


Zenledger is the fastest and friendliest tax software for cryptocurrency investors and accountants. With it, cryptocurrency investors can manage their portfolio, generate profit-loss statements, file their taxes, and avoid IRS audits. They offer automated tools to help investors and CPA’s reduce the uncertainty, frustration, and manual grunt work of crypto tax accounting. ZenLedger was able to raise a fund of $4.5M by Seed within the second anniversary of the company. It works with almost all of the major crypto and fiat currencies. They offer two types of services, one for generating tax tokens for the investors and the other one for auto paying taxes on behalf of the investors. Better things cost more. But ZenLedger gives packages with a minimum cost. That’s why you can solve all of your crypto tax problems easily and efficiently with ZenLedger.

9. Accointing


Accointing isa crypto portfolio management and tax platform. Accointing allows crypto traders and enthusiasts to import, track, and manage their transactions as well as generate a tax report for during tax season according to the user’s jurisdiction. Minimalist yet comprehensive, this platform shows all relevant information regarding crypto wallet management on its screen. At the same time, the dashboard has access to deep dive into prices and market capitalizations with a simple tap. Accointing works by collecting data from exchanges are connected directly via APIs, wallets are added using public addresses, and for very obscure coins, manual uploads of transaction data are possible. This tool is best for its amazing services compared to its cheap prices. Currently, they support five powerful countries and have limited coverage over all others.

10. BitcoinTax


BitcoinTax is a crypto tax platform that gives you full detailed tax reports on your crypto wallet transactions. Whether you buy/sell from one of their associated wallets, mine coins or receive, or made any investments, BitcoinTax will calculate tax position and will notify you instantly. It lets you compare different cost-basis methodologies including FIFO, LIFO, average costing, and more. The services include income report with mined values, donation report with cost basis info for gifts and tips, capital gains tax reports and tax returns, etc. The best thing about it is, it has different pricing systems based on different types of wallets. It has wallets for retail investors, market traders, trade firms, auto-tax features, etc. BitcoinTax is one of the leading brands that handles your crypto tax efficiently.


Crypto News Australia