Last Updated on November 3, 2025 by Patrick Camuso, CPA
When Forbes named Patrick Camuso one of the Best-in-State CPAs for 2025, it wasn’t just recognition of excellence; it was acknowledgment of an entirely new category of professional service. Camuso CPA has not only adapted to the rise of digital asset accounting but has defined what crypto native accounting looks like for investors, founders, and enterprises operating on chain.
As Patrick explains, most crypto accounting today is broken. Investors are filing inaccurate tax returns, founders are managing incomplete ledgers, and businesses are adopting blockchain rails without the financial systems to match. The result is a widespread compliance gap and a new opportunity for leadership.
“Enforcement is here. The IRS has issued thousands of notices, and the DOJ has begun bringing criminal cases tied to crypto tax evasion. Compliance has shifted from optional to imperative.”
Camuso CPA was one of the first firms to see this coming. Founded in 2016, when most accounting firms dismissed crypto as too risky, Patrick left a secure Big Four track to build something entirely new. He saw blockchain as the foundation of a new financial system, just as double entry bookkeeping transformed commerce centuries ago.
From Early Adopter to Industry Leader
In those early days, few professionals understood the implications of blockchain for accounting and tax. While others stayed away, Patrick built Camuso CPA around one principle: crypto accounting requires its own infrastructure, its own expertise, and its own standards of defensibility.
Since then, the firm has rebuilt thousands of investor portfolios into audit ready financials and designed accounting systems for Web3 startups, funds, and mining operations. Each engagement starts with a clear three phase process:
- Crypto Accounting Cleanup: Reconstructing historical transaction data, often five to ten years’ worth, to rebuild accurate cost basis and audit ready records.
- Compliance Assessment: Filing delinquent returns, amending inaccuracies, and negotiating directly with the IRS or state tax agencies where penalties exist.
- Strategic Tax Planning: Implementing forward looking tax structures that protect wealth, minimize liabilities, and position clients for long term efficiency.
This structured approach turns chaos into clarity. It also generates measurable savings. One Camuso CPA client saved over $1 million after the firm corrected $5 million of misclassified token activity. Another saw $775,000 in recovered tax savings after nine years of portfolio reconstruction across 45 wallets.
Designing Infrastructure for the On-Chain Economy
As crypto investors evolved into founders, Camuso CPA evolved with them. Today, Web3 enterprises face the same accounting challenges as traditional firms but on a far greater scale. Blockchain businesses process millions of transactions annually, and without automated accounting systems, even basic reconciliation can become unmanageable.
Camuso CPA builds those systems. For one digital asset fund processing over 30 to 50 million transactions a year, the firm implemented bespoke automations that improved accuracy and saved over 15 hours per month on month-end closes. Another client, an NFT marketplace preparing for launch, identified $200,000 in potential sales tax liabilities through Camuso CPA’s forward-looking tax planning process, issues that a traditional accountant would have missed.
These case studies illustrate what Forbes meant when it said Camuso CPA is “leading the charge” in crypto accounting. The firm doesn’t just reconcile transactions; it designs end-to-end accounting architecture for the next generation of on-chain businesses.
Anticipating Regulation and Preventing Disasters
Camuso CPA’s success comes from understanding that compliance isn’t reactive; it’s strategic. The firm’s motto, as quoted by Forbes, says it best:
“Success isn’t measured in returns filed. It’s measured in disasters prevented.”
The team’s expertise spans far beyond traditional accounting. They work with clients on treasury planning, entity structuring, token compensation, and estate coordination, for high net worth investors and founders, Camuso CPA functions as both accountant and strategic defender of digital wealth.
Patrick often notes that crypto’s compliance gap is one of the largest in IRS history and one of the most solvable. By combining meticulous accounting cleanup with proactive tax planning, the firm helps clients move from risk exposure to regulatory alignment, all while improving long-term tax outcomes.
Educating the Industry: The Financial Frontier
Leadership doesn’t stop at client work. Through The Financial Frontier, Patrick’s podcast and media platform, Camuso CPA is shaping how professionals across accounting, finance, and regulation approach digital assets. The show features conversations with IRS advisors, policymakers, CFOs, and Web3 builders who are defining the standards for the next decade of compliance.
“We’re bringing expertise from every corner of the space, regulators, accountants, CFOs, and founders. It’s a platform for professionals building the future of digital asset reporting.”
Through this platform, Patrick has helped numerous accountants and CFOs confidently enter the crypto space. Many cite The Financial Frontier as their first educational resource for understanding blockchain accounting, decentralized finance, and on-chain compliance.
The Future: Crypto Native, AI-Enabled Accounting
In its Forbes profile, Camuso CPA was recognized not only for pioneering crypto-native accounting but also for integrating automation and AI into its workflows. Intelligent automation now powers much of the firm’s reconciliation and reporting process, improving both accuracy and efficiency.
Rather than retrofitting legacy systems, we have built our infrastructure from the ground up to be both crypto-native and automation-driven. The result is faster turnaround times, greater precision, and scalable systems that maintain human oversight and CPA level quality.
“The future of professional services isn’t about catching up. It’s about building ahead. Crypto native, automation-enabled firms like ours are setting the standard for how accounting will function in the next era.”
This vision reflects a core truth: blockchain and automation are not competitors to the profession; they are its future. Firms that embrace these tools will lead. Those who resist will be left behind.
Forbes Recognition: Setting the Standard for Crypto Accounting
Forbes’ recognition of Patrick Camuso and Camuso CPA marks a milestone for the accounting profession. What began as a niche practice in 2016 has evolved into a blueprint for the next generation of financial infrastructure. Today, the firm’s work spans investors, founders, DAOs, and enterprises operating globally.
We continue to refine its audit-ready systems, teach CPE courses on digital asset taxation, and publish thought leadership that shapes IRS and industry standards. From pioneering cost basis reconstruction to implementing enterprise-grade accounting automation, every innovation serves one mission: protecting and empowering clients through precision and foresight.
About Camuso CPA
Camuso CPA is a Forbes Best in State digital asset accounting firm serving investors, founders, and enterprises across the digital asset ecosystem. Founded by Patrick Camuso, CPA, the firm specializes in crypto accounting reconstruction, IRS compliance, and multi-year tax strategy for high-net-worth and Web3 clients.
Camuso CPA’s services include:
- Historical accounting cleanup and cost basis reconstruction
- IRS and state compliance assessments
- Advanced tax planning and strategy design
- Accounting automation and infrastructure for Web3 enterprises
- Ongoing advisory and education through The Financial Frontier
To learn how we can strengthen your accounting infrastructure and prepare your portfolio or business for the on-chain economy, visit CamusoCPA.com to schedule a private consultation with Patrick Camuso, CPA.
WATCH FULL PODCAST HERE: https://www.youtube.com/watch?v=Rpy12TLBuSo&t=2s
