We have experience serving the sophisticated and expanding needs of a wide range of institutional, corporate, high-net worth and individual clients.
Cryptocurrency, DeFi & NFT Investors
High Net Worth Individuals
Corporations with Crypto Holdings
Crypto Mining Operations
NFT Artists & Dealers
eCommerce Businesses
Consultants and Advisors compensated in crypto
Executives compensated with crypto and/or RTUs
Web 3.0 Businesses
VC Firms
Crypto Gaming & Metaverse
Total Tax Savings
$2.4Million
Total Tax Savings
$137,000+
Total Tax Savings
$128,800+
Total Tax Savings
$295,000+
Total Tax Savings
$500,000+
Total Tax Savings
$2.4Million
Total Tax Savings
$137,000+
Total Tax Savings
$128,800+
Total Tax Savings
$295,000+
Total Tax Savings
$500,000+
Total Tax Deferral
$1.1Million
Clients we helped
Paul is the managing partner of a successful bitcoin mining company that earned several million dollars in the year he engaged our firm for tax planning. With our guidance, Paul reorganized his partnership to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $145,000. This tax savings will be generated each tax year going forward.
Additionally, through our guidance, Paul gained confidence and clarity regarding accelerating the depreciation schedule for equipment and assets purchased for his company. This led to an additional tax savings of over $1.4 million in the current tax year. Identifying overlooked opportunities related to depreciation on prior year returns for two previous years led to an additional tax savings of over $950,000.
Mining Operation
William, a successful NFT artist earned several million dollars in the year he engaged our firm for tax planning. With our guidance, William established an LLC to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $137,000. This tax savings will be generated each tax year going forward.
Additionally, through our guidance, William established a proper accounting and tax projection system to keep updated financials and stay up to date with estimated IRS tax payments. This enabled William to convert his tax liabilities from ETH to USD to pay the IRS before a significant market correction which would have required almost double the ETH to pay for the tax liability if he waited until after the market price of ETH dropped.
NFT Artist
Chad, a successful e-Commerce store owner earned several million dollars in the year he engaged our firm for tax planning. With our guidance, Chad reorganized his LLC to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $124,000. This tax savings will be generated each tax year going forward.
Additionally, through our guidance, Chad learned about the Work Opportunity Tax Credit. A few months after engaging our firm Chad hired two new employees which qualified for this credit for an additional $4,800 in tax savings.
eCommerce Store
Jonathan is a successful cryptocurrency investor that profited several million dollars in the year he engaged our firm for cryptocurrency accounting. Jonathan came to our firm after attempting to use several popular cryptocurrency accounting softwares which overstated his profits by multiple millions and also did not support many of the transactions and blockchains that he used. Jonathan also received multiple inaccurate 1099s from exchanges that he used which did not properly report his cost basis. Jonathan was active on approximately 15 exchanges and 25 wallets across 10 blockchains with transactions that included margin, several DeFi protocols and NFTs purchases. Additionally, Jonathan’s transactions spanned from 2015 to the present.
Our team was able to set up an accounting system for Jonathan and get his accounting from 2015 to present updated accurately. We also were able to reconcile his activity properly to the incorrect 1099s and accurately report Jonathan’s activity to the IRS.
After maintaining Jonathan’s accounting system for several months, we subsequently identified over $800,000 of loss harvesting opportunities that led to over $295,000 in tax savings.
Cryptocurrency Investor
Nathan is a successful blockchain consultant and former executive at a major blockchain company that earned several million dollars from restricted token units and other payments received in cryptocurrency in the year he engaged our firm for tax planning. Additionally, Nathan had a personal cryptocurrency portfolio with several million dollars of unrealized capital gains. In total Nathan had approximately $3.5 million in unrealized cryptocurrency capital gains.
Through our advisory service we identified that Nathan could significantly reduce his current and future tax liabilities and meet his long term financial goals by establishing a Charitable Remainder Unitary Trust. This led to no capital gains at the time of the sale of his cryptocurrency assets yielding a tax deferral of over $1.1 million dollars while also generating over a $500K in tax savings from charitable tax deductions.
Cryptocurrency Consultant
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What client's have to say
"Excellent service with in-depth knowledge of every subject on which I required his advice. He is timely, and reliable, and prioritizes his client's best interests."
He is timely, and reliable, and prioritizes his client’s best interests.
"Excellent and prompt service. Pat is extremely thorough"
Excellent and prompt service
"Great CPA, the best in tax savings."
Best in tax savings.
"Excellent professionalism and courtesy from this highly knowledgable and dedicated firm. My go-to for crypto related accounting and preparation services. Highly recommended for any crypto asset holder."
My go-to for crypto related accounting and preparation services.
"The service was excellent. I had no idea on how to present the information. Considering that the data was put together by people with experience gave a lot of value to the service. Even if I used some of the tools online that was recommended, my situation was quite complex and would have been very time consuming to make sure that it was accurate. If I used someone without experience, this would be a very expensive and time consuming process and it may not even be accurate. In the end I thought that the service was worth it."
The service was excellent.
"Patrick has always been available to answer my tax questions, which he is always able to answer with detailed and thorough knowledge, and make the pain of filing taxes as easy and pain free as possible."
Makes the pain of filing taxes as easy and pain free as possible.
"Patrick was fantastic to work with and did a tremendous job of providing me with the information I needed and keeping me up to date. I definitely recommend Camuso CPA to anyone."
I definitely recommend Camuso CPA to anyone.
"Great CPA. Patrick is a CPA that can provide great advice that leads to significant tax savings. Patrick and his team were great to work with on business strategy, tax planning and accounting."
Patrick is a CPA that can provide great advice that leads to significant tax savings.
"As you know when looking for a CPA to do you taxes it can be a frustrating task. Once my wife found Patrick's info online stating he also has experience in filing crypto-currency taxes I was like great but is he good. I had the pleasure of sitting down and talking with Patrick about all of our taxes including crypto. I was very impressed with his knowledge of the industry. I have been very pleased with the communication, the promptness, professionalism and courtesy that Patrick has give to me as a client. He make me feel like I am his only client which is important to me. I highly recommend Camuso CPA PLLC for any tax filling you have. I will be using his services in many years to come."
He make me feel like I am his only client which is important to me.
"Camuso CPA has been a pleasure to work with! Patrick is organized, detailed and knowledgeable. We have been working with him on tax planning and he's made something that seemed daunting easily digestible. Needless to say this made our tax return with Camuso a smooth and painless process as well!"
We have been working with him on tax planning and he’s made something that seemed daunting easily digestible.
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