Recap Reviews

Excellent Intuitive Software With a Great End Product

I started dabbling in Crypto at the end of 2020 and ended up doing way more transactions than I thought I would By the end of that tax year it dawned on me that I had better start making arrangements for calculating the tax that I was going to owe Luckily after a Google search I came across Recap which I found to be very intuitive and easy to use Nevertheless I was still dreading doing my Tax Self-Assessment as I anticipated having to pick the bones from the report that the software produced Imagine my deep joy when I came to the relevant section on the tax form and discovered that the 5-6 questions that were asked were all simply matched-up on the last page of the Recap report It literally took a couple of minutes to complete that section of the tax form Totally awesome And from my perspective very well worth the cost of the software I will add that I also STRONGLY suggest that you keep a manual record of every transaction that you make with your crypto I write down the dates and all relevant details of each buy and sell - religiously That way if you ever see a discrepancy in your Recap report - such as crypto that you re disposing that the system thinks you never bought in the first place - you can go into the software and manually make any necessary corrections These problems occasionally arise when the various exchanges start reporting more back to the software than they did previously - so you might end-up with double entries and the like That said there are good tools on Recap for isolating any problem entries Bottom line is this If you are competent enough to trade crypto in the first place you are very likely competent enough to get good results with this software Highly recommended Also the software support staff are excellent

The best crypto tax calculator I found by a considerable margin

I settled on Recap after using several Crypto tax calculators in parallel for an extended period I have spread my purchases and holdings over several exchanges and CeFi platforms including Coinbase Coinbase Pro Celsius Crypto com and Nexo Even though I hold rather than trade this still creates considerable complexity that has been hard to manage with some tax apps As an example most have raised lots of warnings where they couldn t reconcile transfers from one platform to another This required manual investigation and resolution which made running them a chore Recap has handled all my records and has not raised a single warning The interface is clear and hard to fault In particular the filtering on the transactions list is the best of any app I ve used simple intuitive and flexible Recap have been prodigious with developments and now have a broad range of exchanges supported A big problem with Crypto transactions is keeping track of those that have tax implications particularly those where you ve sent Crypto to friends and relatives as gifts which in the UK are treated as disposals This has become trivial for me now I make all my external payments from my Exodus wallet which integrates with Recap very simply via a CSV Comments I ve made in Exodus come right into Recap allowing me to see quickly when I need to classify a payment as a taxable disposal The tax reports are clear and complete You can drill into them cross-reference with the underlying records and also share them with your accountant I ve had a lot of questions and requests over the time I ve been using Recap I ve found them to be very responsive and helpful even going as far as finding and fixing a fault in a CSV file for me when I first started trying to import I d recommend Recap

Highly recommended UK focused Very responsive customer service team

Very responsive customer service team Very impressed UK tax focused unlike koinly etc

Moving forward always

Great to see how much Tax i need to put bye Simple to use New updates on the horizon as the crypto space changes Generally knowing I have recap on board is a big plus 10 10

Really good and honest company

Really good and honest company - no problem cancelling if you are out of crypto too Matt

Excellent crypto tax accounting system

Excellent tax accounting system for crypto It makes Tax returns easy Would strongly recommend

I can recommend using Recap for your UK

I can recommend using Recap for your UK tax returns as my generated capital gains report for 2021-22 was accepted by HMRC I ve had ongoing issues with one account which hasn t been syncing correctly but to be honest I think the service they provide has significant challenges with crypto services and regulations ever evolving so it s probably no surprise Generally their correspondence has been good and they ve been helpful in trying to rectify issues

Great app and service

Great app and service highly recommended for the crypto enthusiast hodler or investor Very proactive just need to have a few more exchanges and currencies available