Full-Time

Accounting Product Specialist

Posted on 11/19/2024

TaxBit

TaxBit

51-200 employees

Automates tax reporting for digital assets

Fintech
Financial Services

Compensation Overview

$76k - $122kAnnually

+ Incentive Compensation + Equity + Benefits

Mid

Salt Lake City, UT, USA

Category
Financial Accounting
Tax Accounting
Management Accounting
Accounting
Requirements
  • 3+ years of accounting experience working in public accounting or industry (experience working with digital asset accounting is a plus)
  • Degree in accounting (preferably a masters degree)
  • CPA certification
  • Exceptional organizational and management skills; ability to juggle multiple projects and disparate information
  • Critical thinker with strong analytical and problem-solving skills; high attention to detail and thoroughness in approach
  • Experience with SOX reporting and SOC1 controls and audit process
  • Team player who is eager to roll up their sleeves and contribute from day 1; brings a great attitude, work-ethic, and eagerness to learn and develop
  • Proficiency with Excel and ability to develop new/pertinent skill sets
  • A passion for digital assets and solving critical accounting and reporting needs
  • Strong desire to keep up with emerging issues, news, and best practices
  • Exceptional communication skills and the ability to present solutions
Responsibilities
  • Be a US GAAP domain expert with respect to digital asset accounting and reporting
  • Becoming intimately familiar with our products and supporting product development through testing new features, performing quality control for client implementations, and providing critical product feedback
  • Partner with internal compliance teams and external auditors to ensure smooth execution of the SOC1 audit process
  • Working closely with product and engineering teams to ensure a robust control framework that supports the integrity and accuracy of our products
  • Delivering amazing experiences to TaxBit partners, prospects, and customers; we hold ourselves to a high standard of excellence
  • Being an expert in TaxBit’s market solutions in order to adequately communicate market impact and product value to external parties
  • Being an expert in accounting, sub-ledger technology, and period end workflows to support client needs
  • Providing best-in-class user experience by assisting with customer implementations and playing a leading role in technical accounting discovery and solution delivery
  • Driving impact for our go-to-market teams by being a strong SME resource to support our go-to-market initiatives
  • Leverage subject matter expertise in complex digital asset accounting topics to better support TaxBit prospects and customers
  • Understand TaxBit’s data model and the downstream accounting implications to ensure solution engineering is robust and accurate
  • Be 'hands-on' in serving internal stakeholder and client needs Develop and socialize expertise of prospect/client data and how it can be consumed and integrated into TaxBit’s systems for comprehensive solution delivery

TaxBit specializes in tax and accounting solutions specifically for the digital asset economy, focusing on cryptocurrencies. Its platform automates the collection, validation, and reporting of tax information, helping both individuals and businesses comply with changing regulations. Clients include individual investors, exchanges, and enterprises in the digital asset market. TaxBit operates on a software-as-a-service (SaaS) model, offering subscription-based access to its user-friendly platform. This platform streamlines the tax reporting process, from onboarding to filing, and includes data analysis tools to assist clients in managing their tax obligations. TaxBit's goal is to simplify tax compliance for its users in the rapidly evolving digital asset landscape.

Company Stage

N/A

Total Funding

$244.5M

Headquarters

Draper, Utah

Founded

2018

Growth & Insights
Headcount

6 month growth

7%

1 year growth

3%

2 year growth

-39%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic investments from In-Q-Tel and partnerships with major players like Kraken and Blockpit enhance TaxBit's market credibility and growth potential.
  • The launch of innovative solutions like CESOP and DAC7 compliance platforms positions TaxBit as a leader in regulatory compliance for digital assets.
  • Expansion into the European market and the introduction of enterprise-grade solutions indicate strong growth and diversification opportunities.

What critics are saying

  • The recent layoffs of 40% of the workforce could indicate financial instability and may affect employee morale and productivity.
  • Operating in the highly volatile digital asset market exposes TaxBit to regulatory uncertainties and market fluctuations.

What makes TaxBit unique

  • TaxBit specializes in tax and accounting solutions specifically for the digital asset economy, unlike traditional tax software providers.
  • Their SaaS model allows for scalable and flexible subscription-based access, catering to a wide range of clients from individual investors to large enterprises.
  • The platform's automation capabilities, including AI-enabled rules engines, streamline complex tax reporting processes, setting it apart from manual or semi-automated solutions.

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