The key to scaling your business, making good business decisions, & measuring your performance is measuring, tracking & improving the right financial metrics, benchmarks & key performance indictors in your business.
Your financial system needs to be properly designed based on your unique needs, updated regularly, systematic improvements implemented into your business regularly.
Our team at Camuso CPA is on top of the rapidly developing business landscape for digital businesses. We leverage extensive accounting experience, the latest technologies and industry-specific knowledge to deliver digital businesses outsourced CFO services.
Camuso CPA has the skills and depth of service to address even your most complex business and investment accounting needs, designing tailored financial solutions based on your unique financial situation.Explore What We Offer!
Who do we work with?
We have experience serving the sophisticated and expanding needs of a wide range of institutional, corporate, high-net worth and individual clients.
- eCommerce Stores
- Corporations with crypto holdings
- Consultants paid via cryptocurrency
- Crypto Mining Operations
- NFT Artists & Dealers
- Web 3.0 Businesses
What we offer
Cash Flow Management
Cash Flow Forecasting
Key Performance Indicators
Financial Ratio Analysis
Here's how the process goes
Our financial process delivers a financial system that provides you with timely, insightful financials to empower you to make better business decisions, increase your profits and improve your cash flows.
During the initial onboarding process you will have a consultation with your accounting advisor to discuss your business, the accounting process, engagement expectations and what information we will need to complete the engagement.
Our team will assess your business finances, set up your financial dashboard based on type of digital business that you own and your current business needs and provide initial recommendations.
Your CFO advisor is available to you on an a monthly basis to review and interpret your financial statements, financial dashboard and provide recommendations.
$ 2.4 Million
$ 137,000 +
$ 128,800 +
$ 295,000 +
$ 500,000 +
$ 1.1 Million
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 Web3 CEO and 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.Web3 CEO
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
We’ve found that we usually work with clients that have businesses with revenue of $1M or above.
Most outsourced accounting service providers focus on many different businesses and often lack cryptocurrency and digital business expertise.
At Camuso CPA, all of our clients are cryptocurrency investors or digital business owners and we’ve developed cryptocurrency specific expertise that allows us to provide tailored solutions to our clients in ways most other firm simply can’t.
Since we focus cryptocurrency investors and digital business owners we have unique experience that can help you not only gain accounting expertise and tax advice, but also provide unique industry-related insights.
Yes, we can manage the full accounting system for your cryptocurrency business including your month-end and year-end close process, cryptocurrency transaction accounting, adjusting journal entries and accounting system integration.
Yes, we can manage the full accounting system for your eCommerce busienss including your month-end and year-end close process, accurate Inventory Reporting, Cost of Goods Sold, and accounts payable/receivable.
We can prepare virtually any type of federal or state tax return, most commonly:
- Individual returns: Form 1040
- Partnership returns: Form 1065
- C-Corp & S-Corp returns: Form 1120 and Form 1120-S
- Trust Returns: Form 1041
- Foreign Reporting: Form 114 & Form 8938
- State returns across all 50 states
Yes, tax planning is the foundation to minimizing taxes and we offer ways we can help you get a tax plan in place. You can learn more about your tax planning options here.
Yes, we offer cryptocurrency accounting services, e-Commerce and traditional accounting services. To learn more about this please visit the cryptocurrency accounting webpages.
We work with cryptocurrency investors and digital business owners of virtually all types. We’ve worked with clients with a handful of crypto transactions to clients with tens of thousands of highly complex transactions and established businesses.
We have experience serving the sophisticated and expanding needs of a wide range of institutional, corporate, high-net worth and individual clients including:
- Cryptocurrency, DeFi & NFT Investors
- eCommerce Businesses
- Crypto Mining Operations
- Corporations with Crypto Transactions
- NFT Artists & Dealers
- VC Firms
- Consultants and Advisors
- Executives compensated with crypto and/or RTUs
We are a 100% virtual organization that is headquartered in Charlotte, NC.
When sharing data we use Sharefile which is supported by Citrix.
Citrix meets SOC 2 compliance, a framework designed by the AICPA to safeguard the storage and transfer of customer data in the cloud. SOC 2 reports are issued by independent third-party auditors covering the principles of Security, Availability, Confidentiality, and Privacy.
To get started please visit our Work with Us webpage. If you fit the description of clients we work with, please fill out a webform to contact our team and provide as many details about your tax and financial situation as possible. Our team will reach out after your form submission within 1-3 business days.
What client's have to say
"Excellent professionalism and courtesy from this highly knowledgeable and dedicated firm. My go-to for crypto related accounting and preparation services. Highly recommended for any crypto asset holder."
Excellent professionalism and courtesy.
"Patrick is a fantastic accountant and is fluent with crypto / crypto-regulations."
"I work with Camuso CPA for both my business and personal taxes. They have been great in terms of tax planning and saving on taxes for my eCommerce business. Camuso CPA has also been great in terms of cryptocurrency accounting and advice related to this. My crypto situation was a nightmare and they were able to accurately handle everything. Patrick is the most knowledgeable person I have ever spoken with for crypto taxes."
HE DID A GREAT HONEST JOB
"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 & 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 & 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
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