Cryptocurrency Accounting Services

Our accounting services for crypto are designed to help you navigate the complexities of digital assets with confidence. From tax compliance to transaction tracking, we provide expert guidance to ensure your crypto holdings are accurately managed and optimized for financial clarity.

Tax Preparation and Accounting Services for Digital and Virtual Currency Transactions

The rise of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, and Dogecoin presents many challenges for businesses. Among them are finding a CPA or tax preparation and accounting firm that is knowledgeable – and experienced – in taxation issues, and laws and regulations are constantly evolving.   

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Comprehensive Cryptocurrency Tax and Accounting Services

A tax and accounting professional like me has the knowledge and expertise you need to ensure compliance with a complicated set of rules. Whether you are a small business owner who accepts digital and virtual currency as payment for goods and services or an individual investor, I can help.

Here’s what I do for you:

Taxation of Digital and Virtual Currency

Cryptocurrency is a form of digital or virtual payment or currency that can be exchanged online for goods and services. These exchanges use a secure computer technology platform called blockchain to validate and record transactions digitally on a digital ledger.   

Because the IRS defines virtual currency as a digital representation of value, it is treated as property for tax purposes. Therefore, whether you experience a gain or loss, it must be reported on Schedule D of IRS Form 1040. Long-term gains (assets held more than 12 months) are subject to capital gains tax rates, whereas short-term gains of less than 12 months are taxed as ordinary income.    

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Samm Smeltzer

In all honesty, Webtec is the best agency we've ever worked with.

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A Cryptocurrency CPA Firm You Can Count On

The rules surrounding the reporting and taxation of cryptocurrency are complex, but I am here to help you every step of the way. If you have any questions or would like additional information about cryptocurrency tax and accounting services, please give me a call or contact me using the form below.