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 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
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 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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