Our Services

Cryptocurrency Accounting

What is
Cryptocurrency?

Cryptocurrency is a form of digital currency. It’s called cryptocurrency because it uses cryptography to record and secure its transactions. They aren’t issued by a bank, but rather use a decentralised ledger system to issue new tokens and record transactions. This ledger is stored on the blockchain. The unique nature of these assets requires specific accountancy practices. 

Cryptocurrency assets are increasingly common in the business world. Our cryptocurrency accounting service provides you with clarity on how to treat cryptocurrency as an asset, what taxes need to be paid on it and other compliance issues. 

Why would you need an accountant for your cryptocurrency trading?

We are here to advise and keep you compliant, here’s how we can help.

Businesses exploring the cryptocurrency space

As a technology in its infancy, there are many unexplored opportunities for using cryptocurrency in business but with each opportunity comes a different tax implication.

Cryptocurrency businesses

Allowing cryptocurrency accountants and experts to focus on what we know best, while you focus on your crypto business.

Rise and fall

Gains and losses are key to the tax position of your cryptocurrency investment. We can reveal how you are affected by this in order to stay ahead of the liabilities you might incur on your wins.

People who have used a collapsed exchange or been rug-pulled

Recent events in the sector have made some people’s financial positions unclear and cryptocurrency accountants can help. As sometimes the losses can be tax beneficial and some take longer to be utilised, your accountant should assist with this analysis.

People who want to optimise their tax strategy

Understanding the ins and outs of the tax system can be complicated even without introducing factors like cryptocurrency. An accountant can help you make the most of your money.
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What are the benefits

Gain clarity on how to treat cryptocurrency as an asset

01

More certainty in volatile times

Getting your taxes right means a clearer picture of your current situation. 

02

Ensure compliance

With more regulation incoming, it’s best to get your ducks in a row now.

03

Reliable information and reporting

Better reporting means more informed decisions. 

Let us help you

How we can Help

At J Sweeney Accountants, we are a team of knowledgeable and friendly accountants with over 50 years of experience. We are certified and trusted Xero Gold Partner accountants and offer a wide range of accounting services so that you can focus on running your business while we help you save time and take care of the financial aspects.

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