{"id":22382,"date":"2022-12-13T09:59:13","date_gmt":"2022-12-13T09:59:13","guid":{"rendered":"https:\/\/taxfix.com\/en-uk\/?p=22382"},"modified":"2025-09-11T15:10:02","modified_gmt":"2025-09-11T14:10:02","slug":"intro-to-taxscouts-koinly","status":"publish","type":"post","link":"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/","title":{"rendered":"Intro to Taxfix + Koinly"},"content":{"rendered":"\n<p>From spreadsheets to a tonne of calculations, reporting your crypto profits to make sure you pay the right tax can take hours of prep.<\/p>\n\n\n\n<p>Plus you need a good record of your crypto transactions, trading profits <em>and<\/em> expenses throughout the entire tax year\u2026 and if you don\u2019t start this from day one \ud83e\udee3<\/p>\n\n\n\n<p>Look, fret not, because we\u2019ve teamed up with <a href=\"https:\/\/koinly.io\/?via=TAXSCOUT40&amp;utm_source=taxscouts.com\" target=\"_blank\" rel=\"noreferrer noopener\">Koinly<\/a> to create a simple solution, just for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">First of all, who is Koinly?<\/h2>\n\n\n\n<p>Only one of the best crypto tax softwares in the UK! \ud83c\udfc6<\/p>\n\n\n\n<p>Despite only being founded in 2018, Koinly has quickly become the fastest and most reliable platform to help accountants sort crypto trader tax returns.&nbsp;<\/p>\n\n\n\n<p>It can generate HMRC-compliant tax reports in a matter of minutes. And that\u2019s why millions of accountants across the UK swear by it. \ud83e\udd29<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What\u2019s a crypto tax report and why do I need one?<\/h2>\n\n\n\n<p>A crypto tax report details all of your cryptocurrency transactions &#8211; deposits, trades, or withdrawals you\u2019ve made &#8211; during the tax year you want to file for, from every platform you\u2019ve used. It includes your gains, losses and absolutely everything you need to accurately report your crypto profit. All in one.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-container\"><iframe loading=\"lazy\" title=\"Tax in 10(ish) seconds - how does cryptocurrency work?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/oZe9mWL1gqE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>You\u2019ll have to provide your accountant with all of this information one way or another. There\u2019s no escaping that part. Sorry!&nbsp;<\/p>\n\n\n\n<p>At the moment, many people with crypto profits to report are dedicating a *large* portion of their time to creating their own summary. Detailing each and every crypto transaction they\u2019ve made in the year and reporting this to their accountant.&nbsp;<\/p>\n\n\n\n<p>And that\u2019s one way to do it\u2026 Or you could just use the Taxfix + Koinly solution. \u270d\ufe0f<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">So what\u2019s the Koinly solution then?<\/h2>\n\n\n\n<p>A simple system designed to help anyone with crypto profit to easily, accurately <em>and<\/em> quickly report their crypto profits. A triple threat.<\/p>\n\n\n\n<p>It generates a crypto tax report for you. And just like that, the need for endless spreadsheets and documentation is eliminated. \ud83c\udfcc\ufe0f<\/p>\n\n\n\n<p>The solution is compatible with a large number of exchange accounts, blockchain addresses and wallets. That means all information about your crypto profits will come straight from the source, wherever you dabble in crypto.&nbsp;<\/p>\n\n\n\n<p>\ud83d\udc49No need to memorise exactly what days you bought and sold your Bitcoin. It\u2019ll all be on the report.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">But where do Taxfix come into this?<\/h2>\n\n\n\n<p>And here\u2019s the best part\u2026<\/p>\n\n\n\n<p>Taxfix can sort and file your crypto tax return by generating a crypto tax report using the Koinly solution. We\u2019re taking all-in-one tax returns to a new level. \ud83d\ude80<\/p>\n\n\n\n<p>Once your report is generated, one click will upload it to your Taxfix account and give your accountant all the information they need to sort your crypto tax return. Simple.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who is the Taxfix + Koinly solution for?<\/h2>\n\n\n\n<p>If you\u2019re filing for Self Assessment and also have crypto investments or income, you should use this tool. You\u2019ll need to file a tax return if:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You sold crypto for a profit over the capital gains threshold<\/li>\n\n\n\n<li>You\u2019re a full-time trader and owe Income Tax<\/li>\n\n\n\n<li>You mine crypto and owe tax<\/li>\n\n\n\n<li>You\u2019re a part-time crypto investor and owe tax<\/li>\n<\/ul>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-highlight-mini m-nude m-align-left\">\n    <div class=\"b-block-body\">\n        <h4>If you\u2019re not sure whether you have crypto earnings or profit to report, you can read all about it <a href=\"https:\/\/taxfix.com\/en-uk\/investor-capital-gains-tax-returns\/what-are-the-rules-for-declaring-cryptocurrency-on-taxes-uk\/\">here.<\/a><\/h4>\n\n    <\/div>\n<\/div> <!-- .b-highlight-mini -->\n\n<div class=\"c-body\">\n\n\n\n\n<h2 class=\"wp-block-heading\">Why should I use the Taxfix + Koinly solution?<\/h2>\n\n\n\n<p>Let\u2019s face it &#8211; reporting crypto profits can be a nightmare.&nbsp;<\/p>\n\n\n\n<p>But now, you can get your crypto tax return sorted in one click, all through one platform &#8211; Taxfix.&nbsp;<\/p>\n\n\n\n<p>Yep, that\u2019s right. You can sort your tax return, generate and add your crypto tax report to your account with one click, in just a few minutes. Send it all off to your accountant and never have to worry about it again. (Well, until next year.)<\/p>\n\n\n\n<p>Not only does this solution make it easier, but it also significantly reduces the chances of mistakes.&nbsp;<\/p>\n\n\n\n<p><em>And <\/em>(yes, there\u2019s more)<em> <\/em>up to 1000 transactions are free of charge. \ud83d\ude1c<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ok, so how do I use the Taxfix + Koinly solution?<\/h2>\n\n\n\n<p>We knew you\u2019d ask! That\u2019s why we\u2019ve put together a detailed step-by-step guide for you to follow.&nbsp;<\/p>\n\n\n<\/div> <!-- .c-body -->\n\n<div class=\"b-cta-mini m-mint m-align-left\">\n    \n    <div class=\"b-cta-mini__content\">\n\n        \n        \n        <div class=\"b-cta-mini__body\">\n            <div class=\"b-block-body\"><h4>Take a look at the simple steps <a href=\"https:\/\/taxfix.com\/en-uk\/my-taxscouts-account\/koinly-taxscouts-solution-step-by-step-guide\/\">here<\/a> so you know exactly what to expect and what information you\u2019ll need to sort your tax return.<\/h4>\n<\/div>\n        <\/div>\n\n        \n        \n    <\/div>\n<\/div> <!-- .b-cta-mini -->\n\n<div class=\"c-body\">\n\n","protected":false},"excerpt":{"rendered":"<p>From spreadsheets to a tonne of calculations, reporting your crypto profits to make sure you pay the right tax can take hours of prep. Plus you need a good record of your crypto transactions, trading profits and expenses throughout the entire tax year\u2026 and if you don\u2019t start this from day one \ud83e\udee3 Look, fret [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":41655,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[299,480],"tags":[419,415,29],"class_list":["post-22382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-taxscouts-services","tag-crypto","tag-tax-return-basics","tag-taxscouts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Intro to Taxfix + Koinly &#8211; Taxfix (formerly TaxScouts)<\/title>\n<meta name=\"description\" content=\"Reporting your crypto profits for tax can be a huge pain, which is why we\u2019ve teamed up with Koinly to create a simple solution, just for you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intro to Taxfix + Koinly &#8211; Taxfix (formerly TaxScouts)\" \/>\n<meta property=\"og:description\" content=\"Reporting your crypto profits for tax can be a huge pain, which is why we\u2019ve teamed up with Koinly to create a simple solution, just for you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/\" \/>\n<meta property=\"og:site_name\" content=\"Taxfix\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/taxfix_uk\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-13T09:59:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-11T14:10:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxfix.com\/en-uk\/wp-content\/uploads\/25Q3_TS_Rebrand_UK_Website_Content_Blog-and-guides_intro-to-taxscouts-koinly.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"seleisha scarlett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Taxfix\" \/>\n<meta name=\"twitter:site\" content=\"@Taxfix\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/\",\"url\":\"https:\/\/taxfix.com\/en-uk\/blog\/intro-to-taxscouts-koinly\/\",\"name\":\"Intro to Taxfix + Koinly &#8211; 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