Recap

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Frequently asked questions

Does Recap support all wallets and exchanges?

Recap supports automated support for Ethereum wallets, including NFTs, DeFi, and DEX trading. It also supports CSV import for all other exchanges, wallets, and chains.

How does Recap ensure privacy and data security?

Recap ensures privacy and data security through several measures. Firstly, the app is designed to protect user privacy, making it technically impossible for them to see, sell, share, or disclose user data. Additionally, Recap has implemented a secure and resilient infrastructure, going beyond industry norms to maximize data security. The Recap Bridge browser extension allows users' browsers to directly communicate with exchanges, eliminating the need for data to pass through Recap's servers. Client-side encryption is used to store data on users' devices, ensuring that Recap has no way to access or read the data. Direct exchange connections further enhance privacy and security. Finally, every bit of data in Recap is encrypted with the user's personal recovery phrase, ensuring that only the user can access their transactions, portfolio value, or tax reports.

What features are included in the free version of Recap?

The free version of Recap includes the following features:

1. Invite and manage multiple clients securely from your dashboard or connect with clients already using Recap.
2. Automated support for Ethereum wallets, including NFTs, DeFi, and DEX trading.
3. CSV import for all other exchanges, wallets, and chains.
4. Private by design - all account data is encrypted on your device and never accessible to Recap or third parties.
5. Real-time tracking of your crypto portfolio, including the true value of your accounts.
6. Tracking of all trades and assets.
7. Net worth in dollars.
8. Analysis of trading performance to plan future investments.
9. Asset split checking.

How does Recap calculate capital gains and income taxes?

Recap calculates capital gains and income taxes by automatically pulling in all transaction data from clients' crypto accounts and wallets. It applies fair market valuations and follows the latest HMRC guidance, including automatic section 104 pooling and same day and 30-day matching for all assets. Recap provides detailed reports on capital gains tax, income, and disposals, which can be downloaded with a single click. The software also offers a year-round portfolio tracker to help clients optimize their taxes. Recap is trusted by top accounting firms and offers secure access to client cryptocurrency data, along with a full audit trail.

Can Recap be used by accountants and tax professionals?

Yes, Recap can be used by accountants and tax professionals. It is a fast, simple, and private crypto tax software that allows clients to connect their crypto accounts and wallets. Recap automatically pulls in all transaction data and applies fair market valuations, making it easier for accountants and tax professionals to complete their clients' tax returns. It securely accesses client cryptocurrency data, provides all tax calculations, and offers a full audit trail. Recap is compliant with the latest HMRC guidance and offers detailed CGT, income, and disposals reports that can be downloaded. It also allows accountants and tax professionals to easily switch between clients and manage sharing invitations from a single dashboard.

Is Recap compliant with HMRC guidelines?

Recap is compliant with the latest HMRC (Her Majesty's Revenue and Customs) guidelines. It automatically applies fair market valuations, provides detailed reports for CGT (Capital Gains Tax), income, and disposals, and offers features such as section 104 pooling and same day and 30-day matching for all assets, which are in line with HMRC guidance.

How can I get support from the Recap team?

To get support from the Recap team, you have several options:

1. Book a discovery call: You can schedule a call with the Recap team to discuss your specific needs and get personalized support.

2. Chat with us online: You can chat with the Recap team online at any reasonable time of day and they will get back to you in just a few minutes.

3. Talk to us on Telegram: You can join the Recap community on Telegram and get support from the community as well as the Recap team.

4. Help Guide: If you have a simple question, you can check out the help guides provided by Recap. These guides are full of useful tutorials and handy tips.

In addition to these support options, Recap ensures user privacy and data security. They have designed their app to protect user privacy, making it technically impossible for them to see your data. They also have a secure infrastructure and a browser extension called Recap Bridge that allows your browser to directly communicate with exchanges, ensuring the security of your data.

Recap is trusted by top accounting firms and provides fast, simple, and private solutions for crypto taxes. They offer features such as automatic transaction data import, fair market valuations, compliance with HMRC guidance, detailed reports, and direct access to their UK-based support team.

Overall, Recap offers various support channels and prioritizes user privacy and data security in their services.