The Web3 CPA For Serious Businesses & Token Projects

Forbes Best-In-State Top CPA for 2025 and 2026

Featured in Forbes for "Leading the Charge on Crypto Accounting": Read the Forbes Feature

Camuso CPA provides accounting and tax services for Web3 operating companies, protocols, token projects, and venture-backed startups.

Nationally Recognized Crypto CPA Since 2016 and the first CPA firm in the U.S. to accept cryptocurrency for professional services.

Tax Notes
Federal & Global
Published Research

Digital Asset Taxation in the United States: A Policy Analysis

Co-authored with the former head of the IRS Office of Digital Assets and co-author of the §6045 digital asset broker reporting regulations. Published in Tax Notes Federal and Tax Notes Global.

Read in Tax Notes → Read All Publications →

Web3 CPA for the Digital Asset Compliance Era

Camuso CPA provides accounting and tax services for Web3 operating companies, protocols, token projects, and venture-backed startups. The firm has worked exclusively in digital assets since 2016 and was the first CPA firm in the United States to accept cryptocurrency for professional services. Founders and finance leads work with us to build accounting systems from entity inception, evaluate the tax treatment of token events before they occur, correct books and filings that no longer reflect the business, and meet federal and multi-state obligations on records that support them.

Web3 companies operate on fact patterns that standard accounting and tax practice was not built around. Blockchain records show where assets moved but not the economic substance behind each movement. Token allocations at launch, staking and protocol revenue, treasury deployed across DeFi, founder and team wallet activity, and multi-entity structures spanning jurisdictions each require analysis of the company’s specific facts rather than the application of a standard template. Most firms have never encountered these questions, and the errors introduced early compound into every subsequent filing, financing, and diligence process.

Our engagements span the full lifecycle. We work with companies at formation, when entity structure and token positioning are still open and inexpensive to set correctly. We work with companies mid-flight, rebuilding books that no longer reconcile and correcting filings built on treatment that cannot be supported. And we work with companies scaling toward a launch, a raise, or an audit, where the accounting and the tax positions need to hold up under a counterparty’s review. Whether the immediate need is accounting, tax, or both, the work is built on documented analysis of your actual facts rather than software defaults.

Patrick Camuso’s work in digital asset taxation has been published in Tax Notes alongside a former head of the IRS Office of Digital Assets and co-author of the Section 6045 digital asset broker regulations, and has been covered by Bloomberg Tax, Accounting Today, Business Insider, MarketWatch, Morningstar and other major publications. He has spoken at ETHDenver and leading Web3 conferences on the structural shifts defining digital asset compliance.

Patrick Camuso | Forbes Best-In-State Top CPA
Patrick Camuso, CPA is a Forbes 2025 Best-in-State Top CPA and founder of Camuso CPA.

Our Process: From Entity Assessment To Ongoing Advisory

Step 1: Entity Assessment & Exposure Review

This assessment reviews entity structure, token activity, existing books, and prior filings to identify gaps and exposure across both accounting and tax. Where decisions remain open, such as a pending token event or an unexecuted structural arrangement, those are flagged first. Engagement scope and methodology are defined at this stage.

Step 2: Accounting Foundation & Policy Design

We establish the accounting framework before entries are made. This includes written accounting policy covering token receipt, disposal, staking, and treasury activity, a chart of accounts designed around the company's actual operations, and a digital asset subledger integrated with the general ledger. Where books exist but cannot be relied on, historical activity is rebuilt and reconciled to on-chain data.

Step 3: Tax Planning & Compliance

With accounting integrity established, we document the tax treatment of token issuances, team allocations, protocol revenue, staking income, and related-party arrangements, then prepare federal and multi-state filings on those positions. Delinquent returns are brought current and prior filings corrected where the treatment is no longer supportable.

Step 4: Ongoing Advisory & Proactive Compliance

Forward-looking advisory addresses entity structure, token event positioning, cross-border and multi-entity arrangements, and the accounting and tax implications of decisions before they are made. Ongoing engagements include monthly or quarterly close, tax projections, and provisions on the cadence the business requires.

Prefer to book a time directly?

Prefer to reach us directly? Email info@camusocpa.com or call (704) 249-3179.

Who We Help: Crypto Investors, Founders & Web3 Builders

From early Bitcoin adoption through today’s multi-chain digital asset ecosystem, we have advised investors and operators whose crypto exposure is financially material.

Our clients are not experimenting with digital assets. They are allocating capital, operating entities, issuing tokens, and managing portfolios that require historical accounting integrity, cost basis continuity, and defensible tax architecture.

Ready To Speak With A Web3 CPA?

Web3 CPA Services for Digital Asset Businesses, Protocols & Token Projects

Crypto CPA services for Crypto Investors, Web3 startups and blockchain powered businesses. Tax, accounting, and advisory tailored to digital asset complexity.

Crypto Tax Cost Basis Reconstruction & Historical Reporting

We reconstruct complex digital asset histories, restore cost basis integrity, and realign prior-year tax filings to establish audit-ready reporting continuity. Read our tax guide:

Crypto Cost Basis Reconstruction & Historical Accounting

Form 1099-DA Compliance & Reconciliation Services

We reconcile third-party 1099-DA data with reconstructed cost basis records to prevent mismatches, restore reporting continuity, and prepare defensible crypto tax filings. Read our tax guide:

What to do when you receive a 1099-DA for crypto

Cryptocurrency Portfolio Accounting

We offer expert cryptocurrency accounting services for high-net-worth investors, prediction market traders, and DeFi users seeking IRS-compliant reporting and complete tax clarity. Get your books in order, minimize your tax bill, and protect your digital wealth.

Crypto Tax Filing & Compliance

We specialize in crypto tax filings for high-net-worth investors, digital asset traders, and Web3 startups with complex activity. We deliver clean, compliant returns that reduce risk and stand up to IRS scrutiny.

Crypto Tax Strategy & Planning

Proactive, high-impact tax planning for crypto investors and Web3 founders. From token events to multi-chain portfolios, we help minimize liabilities, defer gains, and build long-term wealth across every market cycle.

Web3 Startup & Blockchain Accounting

We provide end-to-end crypto accounting that integrates on-chain sub-ledgers with your general ledger, ensuring complete, auditable books investors trust. Whether you're a Web3 startup,

Crypto Tax Resolution & IRS Representation

Facing IRS letters, back taxes, or unfiled crypto returns? We help investors, traders, and Web3 founders resolve crypto-related tax issues with speed and confidence. From late filings to audit defense and penalty reduction, we clean up your situation and get you back in compliance.

Prediction Market Tax Reporting

Specialized U.S. tax reporting and accounting for prediction market traders, including Polymarket, Kalshi, USD-settled and crypto-settled contracts. Read our tax guide:

Prediction Market Taxes Explained: Why U.S. Tax Characterization Remains Unsettled

Web3 Sales Tax Compliance

We’re industry leaders in crypto sales tax, we wrote the book. Our team helps Web3 startups and NFT platforms manage multi-state and multi-jurisdiction sales tax obligations tied to token sales, marketplace revenue, and digital goods.

Why Web3 Founders Trust Camuso CPA for Cryptocurrency Accounting Services

Crypto accounting and tax compliance isn’t just complex—it’s mission-critical. While traditional CPAs and CFOs are still catching up to Web3, Camuso CPA has been leading since the earliest Bitcoin cycles. As trusted crypto tax experts and Web3 CFOs, we help investors, founders, and digital asset companies minimize liabilities, stay audit-ready, and maintain clean, reliable books that support strategic decision-making. Whether you’re managing multi-chain wallets, launching tokens, or scaling your Web3 venture—we deliver the full-scope solutions traditional firms can’t.

Service Camuso CPA Typical Accounting Firm
Cryptocurrency Portfolio Accounting & Wallet Reconciliation
DeFi & NFT Transaction Accounting
Crypto Tax Resolution & IRS Representation
Web3 Accounting & Financial Statement Preparation
Prediction Market Tax Reporting
Crypto Investor & Founder Tax Strategy
Token Generaton Event (TGE) & SAFT Support
Corporate & Partnership Tax Returns
Traditional Business Accounting
High-Net-Worth Individual Tax Returns
On-Chain Sales Tax Compliance

Client Case Studies

Crypto Accounting

Active DeFi Investor 30+ Wallets, 60,000+ Transactions Reconstructed

Rebuilt complete cost basis history across defunct platforms including Celsius, reconciled multiple 1099-DAs against reconstructed records, and aligned methodology with Rev. Proc. 2024-28 account-level requirements. Ongoing quarterly accounting now current.

Outcome

Full history reconstructed. 1099-DAs reconciled. Ongoing accounting in place.

See how we helped →

Tax Planning

$10M+ Portfolio with Project Token Exposure and No Planning Framework

Analyzed RTU treatment, DeFi protocol income, and disposition strategy across a complex long-term portfolio. Rebuilt history at the lot level, aligned with Rev. Proc. 2024-28, and built a planning framework covering wallet architecture, accounting method, and future token events.

Outcome

Defensible position on all major holdings. Quarterly planning engagement ongoing.

See how we helped →

Web3 Accounting

Web3 Startup Accounting Policy, Subledger Build, and Historical Correction

Built accounting policy from scratch, corrected prior bookkeeper errors, selected and integrated a crypto subledger for an unsupported proprietary blockchain, and rebuilt the full historical books. SAFE reclassified and opening balance sheet built on defensible purchase price allocation.

Outcome

Books rebuilt. Subledger integrated. Ongoing accounting system in place.

See how we helped →

Prediction Market Tax

$2.1M Kalshi Trader Tax Framework Analysis and Defensible Position Memo

Performed contract-level classification across Section 1256, capital, ordinary income, and Section 165(d) frameworks. Built a formal position memo with documented rationale for each framework assessed, reconstructed the full transaction history, and standardized reporting across all contracts.

Outcome

Defensible position established. Audit-ready documentation delivered.

See how we helped →

"Very happy working with Patrick. He's the real deal when it comes to crypto tax and accounting. Highly recommend him if you want clarity and confidence in your reporting."

Complex business? Multiple wallets? Prior-year reporting gaps?

Web3 CPA FAQ

A Web3 CPA handles the accounting and tax fact patterns specific to companies that issue tokens, earn protocol revenue, or hold digital assets on the balance sheet. General accountants and standard software were built around businesses that do none of those things. Blockchain records show where assets moved but not the economic substance behind each movement, and the classification errors that follow compound into every subsequent filing, financing, and diligence process.

Venture-backed Web3 startups, protocol teams and foundations, token projects preparing for launch, DeFi companies, proprietary trading firms and market makers, and tokenized product marketplaces. Engagements range from formation-stage structuring through ongoing accounting and filings for companies operating across multiple entities and jurisdictions.

 

Both, and they are difficult to separate in this space. Tax positions depend on the underlying numbers being accurate and traceable, which is why the accounting generally precedes the filings. Companies can engage either service independently, but most engage both because the work is connected.

Before the structure hardens. Entity configuration, token positioning, and intercompany arrangements are considerably less expensive to set correctly at formation than to unwind after money has flowed through them. Companies with existing activity should engage before the next filing deadline or financing event, since both create deadlines that limit what can still be addressed.

Yes. This is a common engagement. We review existing records and prior filings, identify where the treatment does not reflect the underlying activity, rebuild the books under a documented methodology reconciled to on-chain data, and prepare corrected or delinquent returns on supportable positions.

 

Most companies require a digital asset subledger integrated with a general ledger, since standard accounting platforms do not process on-chain activity and crypto tools alone do not produce financial statements. Software selection depends on the chains, tokens, and activity types involved, and we handle that assessment as part of the engagement rather than assuming a single platform fits.

Token generation events and team allocations raise accounting and tax questions that should be evaluated before the event rather than after. Treatment depends on the structure of the issuance, the rights attached, the vesting terms, and the entity configuration. Companies that engage before a launch generally have more options available than those addressing the same questions afterward.

 

Foreign ownership and multi-entity structures trigger related-party reporting obligations, transfer pricing considerations, and analysis of how development activity and intellectual property are allocated across jurisdictions. These are common in Web3 and are considerably less expensive to address at formation than after transactions have flowed through the structure.

Yes. We document the analysis behind material accounting and tax positions so they can be explained to a counterparty, ensure books reconcile and filings are current, and identify exposure that would surface in a diligence review before the process begins rather than during it.

The firm has worked exclusively in digital assets since 2016 and was the first CPA firm in the United States to accept cryptocurrency for professional services. Patrick Camuso is a Forbes Best-In-State Top CPA for 2025 and 2026, a member of the AICPA Digital Asset Tax Task Force, and has co-authored digital asset tax analysis published in Tax Notes Federal and Tax Notes Global with the former head of the IRS Office of Digital Assets. Positions are built on documented analysis of each company's facts rather than software defaults.

Floating