Recap is a UK-based crypto tax calculator designed with a strong focus on privacy, security, and user convenience. Here’s an overview of what the product does and its key features:
What Recap Does
Recap is tailored to help cryptocurrency investors and professionals manage their tax obligations efficiently. The platform automates the process of calculating Capital Gains and Income taxes, ensuring compliance with tax regulations in regions such as the UK and USA.
Key Features
Data Import and Integration
Users can connect their exchange and wallet accounts in real-time via API, or import data from unsupported wallets and exchanges using a custom CSV format. This allows for comprehensive tracking of all transactions.
Automated Tax Calculations
Recap automatically calculates Capital Gains and Income taxes based on the imported transactions, using a market valuation methodology to ensure accurate and auditable pricing for assets.
Security and Privacy
The platform employs advanced security measures, including client-side encryption using AES-256. This means that user data is encrypted on the device before it is transmitted, and the decryption keys remain with the user, ensuring that Recap cannot access or share the data. This zero-knowledge design prioritizes user privacy and security.
Multi-Platform Availability
Recap is available both as a downloadable desktop application and directly in web browsers, including Google Chrome and Brave, with a browser extension to ensure secure connections to exchanges. This flexibility allows users to access the service from anywhere without compromising on security.
Tax Reporting and Sharing
Users can download their tax reports, which can be used to file Self Assessment tax returns or shared with tax professionals for further assistance. This streamlines the tax filing process and ensures that users have all necessary documentation.
Additional Functionality
- Portfolio Tracking: Recap allows users to track their portfolio performance, view the total value of their assets in their preferred currency, and analyze asset distribution to make informed investment decisions.
- Custom Transactions: Users can manually create transactions if needed, providing flexibility for various scenarios.
User Experience
Recap is designed to be user-friendly, with no free trial period; the free plan does not expire, allowing users to upgrade at their convenience. The platform ensures that users are always using the latest features and updates, especially with the web browser version, which eliminates the need for manual updates.
In summary, Recap is a robust crypto tax calculator that combines ease of use, advanced security measures, and comprehensive tax calculation capabilities, making it a trusted choice for crypto investors and professionals.