CPAs and Advisors for Digital Asset Investors and Businesses

Paul, the managing partner of a successful Bitcoin mining company, sought our firm's assistance for tax planning. Our collaborative efforts led to significant tax-saving strategies for his business. Furthermore, our guidance allowed Paul to gain clarity on accelerating depreciation schedules for purchased equipment and assets. Moreover, our firm aided Paul in setting up and updating his accounting system to ensure accurate records for past transactions. This enhancement provided comprehensive financial visibility and facilitated precise tax planning and compliance strategies.

William, a successful NFT artist, sought our firm's assistance for tax planning, aiming to optimize his financial structure. In addition to tax planning, our collaboration led to the implementation of a robust accounting and tax projection system. This system not only ensured up-to-date financial records but also enabled William to stay proactive with estimated IRS tax payments. By proactively converting tax liabilities from ETH to USD before a significant market correction, he successfully mitigated the impact of potential market fluctuations, ensuring a more stable financial position.

Chad, a thriving Web3 CEO, sought our expertise for tax planning to optimize his financial structure. Our approach centered on providing Chad with comprehensive insights and information to navigate tax-related matters. This empowered Chad to make informed decisions and leverage potential opportunities within the tax landscape while aligning with his business objectives.

Additionally, as part of our collaboration, we established a comprehensive accounting system tailored to the intricacies of Web3, integrating a sub-ledger and a general ledger. This system streamlined Chad's financial operations, offering a structured approach to manage and track transactions, ensuring accuracy, and facilitating transparent financial reporting.

Jonathan, a successful cryptocurrency investor, sought our firm's expertise for cryptocurrency accounting after facing challenges with various popular accounting software. These software tools not only overstated his profits by multiple millions but also lacked support for many transactions and blockchains he utilized. Additionally, Jonathan received inaccurate 1099s from exchanges, which failed to correctly report his cost basis. His extensive activity spanned approximately 15+ exchanges, 30+ wallets, and encompassed diverse transactions, including margin trading, several DeFi protocols, and NFT purchases across 10+ blockchains from 2016 to the present.

Upon engagement, our team initiated the setup of an accurate accounting system for Jonathan, meticulously updating his financial records from 2016 to the present day. We diligently reconciled his activities with the erroneous 1099s and reported his transactions accurately to the IRS.

Furthermore, through ongoing maintenance of Jonathan's accounting system, we identified loss harvesting opportunities, resulting in substantial tax savings.