Rally

Overview

Rally is a comprehensive tax automation platform tailored for the unique needs of cryptocurrency investors, tax professionals, and accounting firms. As digital assets become increasingly integral to financial portfolios, managing taxable events and reporting requirements can be complex and error-prone. Rally streamlines this process by integrating directly with wallets and exchanges to provide an accurate, real-time tax calculation and reporting solution.

With Rally, users can effortlessly track their cryptocurrency transactions, calculate gains and losses according to tax regulations, and generate detailed reports that comply with varying jurisdictional requirements. The platform leverages secure APIs and robust data processing to ensure precision and transparency while maintaining user privacy.

Key Features

• Multi-Exchange and Wallet Integration: Rally connects with a broad range of cryptocurrency exchanges and wallets, consolidating all transactional data into one unified dashboard.

• Automated Tax Calculations: It automatically calculates capital gains, losses, and income from all crypto transactions using up-to-date tax rules, eliminating manual errors.

• Comprehensive Tax Reports: Users receive IRS-compliant forms like Form 8949 and Schedule D, as well as audit-ready reports for peace of mind.

• Portfolio Tracking: Monitor the real-time value and performance of your entire crypto portfolio with insightful analytics.

• User-Friendly Interface: Designed for both individuals and professionals, Rally offers intuitive navigation and clear visualizations, reducing the learning curve.

• Data Security and Privacy: Employing state-of-the-art encryption and security best practices, Rally ensures user data is protected at all times.

• Support for Multiple Tax Jurisdictions: The platform supports various countries and adapts calculations to local tax law nuances.

• Collaboration Tools: Accountants can manage multiple clients easily by organizing data and sharing reports securely within the platform.

Use Cases

• Cryptocurrency Investors: Simplify tax season by automatically importing trades, calculating taxable events, and generating accurate reports.

• Tax Professionals and Accountants: Manage client portfolios efficiently with centralized access to transaction history, reports, and customized tax solutions.

• Businesses Accepting Crypto Payments: Track income and expenses in cryptocurrency, ensuring compliance and seamless integration with accounting workflows.

• DeFi and NFT Traders: Handle complex transactions involving decentralized finance and non-fungible tokens with specialized categorization and reporting.

• Crypto Fund Managers: Maintain comprehensive records of fund activities and investor transactions, enabling transparent tax reporting.

FAQ

Q: Which exchanges and wallets does Rally support? A: Rally supports integration with most major exchanges including Coinbase, Binance, Kraken, and wallets such as MetaMask and Ledger.

Q: Is Rally compliant with IRS regulations? A: Yes, Rally generates reports compliant with IRS forms like 8949 and Schedule D, and adheres to local tax laws across multiple jurisdictions.

Q: Can I use Rally if I’m outside the United States? A: Rally supports multiple countries and adapts to different tax code requirements to provide accurate calculations worldwide.

Q: How secure is my data on Rally? A: User data is secured through encryption and best security practices, ensuring confidentiality and integrity.

Q: Can accountants manage multiple clients with Rally? A: Yes, Rally provides collaboration and client management tools designed specifically for accountants and tax professionals.

Q: Does Rally support DeFi and NFT transactions? A: Yes, Rally includes features for categorizing and reporting decentralized finance and NFT activities accurately.

Q: Is there a mobile app for Rally? A: Rally offers a responsive web platform optimized for mobile devices; dedicated mobile apps are under development.

Q: How does Rally handle updates to tax laws? A: The platform continuously updates tax rules and calculations to reflect the latest regulations, ensuring compliance and accuracy.

With Rally, navigating cryptocurrency taxes becomes straightforward, enabling users to focus on growing their digital assets with confidence and peace of mind.