Well, well, well. You’re finally here to get your crypto bot tax info...
I hope you’re NOT reading this on the last week to file your taxes though!
I know, I know...you might be feeling a little overwhelmed by the daunting task ahead...but don't worry.
If you're a member of The Plan, or if you've been trading crypto using automated bots, AND if you have no idea how to complete your taxes... You’re in luck, because I found the perfect solution for you :-)
Not reading this article can be costly. You'll save yourself some serious headaches later.
Yes, I’m talking about the CRYPTO BOT TAX NIGHTMARE that everyone is talking about!
Preparing for crypto bot taxes can take much longer than you expected, especially when you do it for the first time…
Fortunately, Jessica & Guillaume, our fellow "The Plan" users, have created an awesome course called Crypto Bookkeeping Simplified (CBS for short) that you can comfortably finish in 6 days. You’ll also be getting an email a day to complete your task as well.
This is a fantastic way to prepare reports for your taxes without banging on your desk or pulling your hair out in frustration.
I tried some other crypto bot tax courses, including Polygon Advisory, but I found CBS to be the best.
That's because it's more than simply a video course; it also includes a membership and a support group.
As a matter of fact, both Jessica and Guillaume can help you directly through Slack.
Also, when you join the program, you get a 25% off coupon (biggest discount I've seen) for cointracking.com software!
What is Crypto Bookkeeping Simplified?
Crypto Bookkeeping Simplified is a step-by-step video tutorial that will help you effortlessly complete your crypto tax preparation.
But it's not just that.
It comes with several PDFs with a lot of images.
The best part of joining CBS though, is their awesome Slack community.
They have private channels not only for phase 1, but also for phases 2 and 3 for "The Plan" users, where you can talk about different strategies and compare numbers.
CBS stands out from the competitors because they have their own unique crypto tax community.
This is a huge since I don't believe you can complete your tax preparation without asking questions that are tailored to your requirements.
I found Jessica and Guillaume to be very helpful and prompt in answering all my questions.
CBS offers not just video tutorials but also a group and support system to help you finish your tax preparation.
At the time of this writing, I'm not aware of any other dedicated services that match CBS.
So What Exactly Do You Get with CBS?
Crypto Bookkeeping Simplified uses the xperiencify tool (in case you haven't heard, it's a super fun, gamification platform) and it comes with a video tutorial called Easy Crypto Taxes (ECT).
The great thing about this is that ECT only has 3 modules. Personally, I’m super glad that it doesn’t come with 99 modules. It’s short and sweet, and it’s as easy as 1-2-3!
In Module 1, Jessica goes through the basics first. You get the whole picture. It’s an overview and basic introduction to income and tax rules in many countries around the world.
In Module 2, it gets more interesting. You’ll learn what crypto activities to report, and gather your access materials to prep for the next module.
In Module 3, You’ll learn 10 easy steps to finishing your crypto tax reports by importing, reconciling, finding errors, troubleshooting and exploring the software.....to help you get your taxes done quickly and efficiently.
That’s it :-)
Polygon Advisory VS CBS (Crypto Bookkeeping Simplified)
As I had heard that Polygon Advisory group was the best in the industry, I had high hopes.
The video course looked very good at first. But I quickly realized that it wasn't for me because I was looking for something really quick and easy.
After watching about 15 videos in two days, I became more confused than ever.
Don’t get me wrong. I think it may be a good course for some.
It’s nothing to do with the lovely Chinese accent of Sharon Yip or the jargon that they threw at me.
I just didn’t have much patience.
Watching a video of the entire team's introduction might be painful when you're in a hurry...
I was looking for a step-by-step guide, not a complete crypto tax history and analysis.
If you want to learn the nitty-gritties of tax law and the history of crypto taxes, this may be great for you.
But because I was looking for something to easily finish my tax prep, CBS did a better job on this.
Also, as mentioned earlier, having somebody who can answer your questions directly made a huge difference!
What To Expect with CBS In Beta Version
You'll see the good, the bad, and the ugly...
This program is still in “beta".
Which means, you won’t see any fancy video intro or sophisticated web design, and it comes in a brown bag, so to speak...
But the good thing is that all the important information is in place!
I like the fact that, unlike other programs, any unnecessary information is not present in their course. It contains only the information that you need to finish your crypto tax report.
Also, the great thing about joining the beta program is that you can take advantage of its insanely low pricing!
When you consider the amount you’re saving on CoinTracking software, this program is almost 67% off!
I’m sure the price will go up significantly in the future to support such a fantastic service, but at the time of this writing, you can join for only $297.
Preparing for your crypto bot taxes can be a real nightmare, if you don’t know what you’re doing.
Worse, you don't want to end up in jail because you didn't do your taxes...
To be honest, I had several desk-banging moments myself, until I found Jessica’s program.
Having somebody who can give you the exact information you need is such a relief!
Also, attempting to find the information on your own might be time-consuming and, in the end, unproductive.
I know somebody who thought he finally finished his tax report only to find out later that he did it all wrong! Needless to say, he had to start all over again!
What a pain!
I scheduled a call with some local companies who are familiar with crypto bot trading and CoinTracking software.
I found it to be pretty pricey.
With the amount of trades like 22k transactions or more, tax preparation can cost upwards of $5,000.
In short, CBS (Crypto Bookkeeping Simplified) is a must-have program if you want to finish your crypto tax report easily and on time.
I like CBS because it's well-thought-out and makes completing your tax return a breeze. All you have to do is just follow Jessica’s 10 easy steps.
If you're looking for something that's an easy, step-by-step solution, check out Crypto Bookkeeping Simplified.
Crypto Bookkeeping Simplified Testimonials
I had a hard deadline, and with the timely and super detailed guidance of Jessica and Guillaume, I'm done!! Pdf sent off to accountant! It was like a treasure hunt, with a hot line to "ask a friend" when i got stuck. Thank you so much Jessica and Guillaume for your super support !!!
You were both so amazing in making the impossible come true for us. Thanks for your genuine care for your clients.
Yesterday I was able to send the beautiful tax report that you both meticulously prepared to my accountant.