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.
People who have used a collapsed exchange or been rug-pulled
What are the benefits
Gain clarity on how to treat cryptocurrency as an asset
More certainty in volatile times
Getting your taxes right means a clearer picture of your current situation.
With more regulation incoming, it’s best to get your ducks in a row now.
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.