About
CountDeFi are the Koinly crypto tax reporting and data experts, made up of a team of seasoned data analysts and tax advisors specializing in the US, Canada, and Europe. CountDeFi’s holding company was established in 2012, and the Delaware subsidiary was incorporated, later in 2022.
With several years of experience in the crypto asset tax trade since 2017, CountDeFi is well-versed in providing tax-efficient reports on crypto assets. They aim to help individuals meet the regulatory requirements specific to their country of residency. By leveraging their team of tax professionals, data expertise, and comprehensive understanding of the crypto landscape, CountDeFi offers a solution tailored to the needs of global crypto investors.
Experience and qualifications
CountDeFi founder, Chris Herbst, is a registered accountant and tax professional with unique qualifications that make him ideal to lead the crypto tax industry. He has an investment management degree, a financial analysis/business management honors degree, and a computer science/mathematical statistics degree. He has worked in the tax field since 2009 and in the data industry since 2015.
Client focus
CountDefi specializes in global technical DeFi crypto tax reporting and provides a range of online services to crypto investors. CountDeFi can assist investors with reporting various aspects, including capital gains and income. Their services aim to simplify the complexities associated with crypto taxes, ultimately saving investors valuable time and effort, while ensuring compliance with tax regulations.
The team has a “data-first” focus, as crypto tax reporting differs vastly from all other tax reporting. The team honed its crypto tax analytical skills for the last seven years. Once the data team has normalized the data and confirmed its accuracy, there is a dedicated reconciliation team specializing in Koinly.
CountDeFi has worked with the Koinly product team for the past few years to enhance its reconciliation platform and has learned that tax treatment and optimization are impossible without intensive data normalization and a meticulous Koinly software reconciliation team.
Traditional CPAs and accountants must be equipped to handle the data complexity of blockchain and exchange data. Most CountDeFi clients come to the firm after they have tried using traditional CPAs or tried it themselves on crypto tax software. The firm follows a rigorous seven-phase process to create accurate and optimized crypto tax reports:
Onboarding: Assistance with obtaining data sources as well as validation of these data sources.
Data analysis: Data normalization, aggregation, enrichment, and missing transaction/source analysis.
Reconciliation: Per transaction categorization and evaluation.
Context: Request context on any remaining unknown transactions.
Tax optimization: Inventory method analysis, holding period analysis, and aggressive intervention where feasible.
Review: Using control measures for numerous verifications, ensuring no discrepancies across various platforms.
Finalization: Draft reports issued for approval, revision phase if required. Issuance of final reports for submission to accountant/CPA or tax authority.
Service offerings
CountDeFi can provide assistance and crypto tax reports for:
DeFi traders
High-volume traders
MEV bot traders
Margin traders
OTC traders
Derivative traders
Liquidity traders
NFT traders
Long term traders
Traders who employed traditional CPAs or Accountants
Traders who have tried it themselves on crypto tax software
