When should I hire a crypto accounting service?

If you trade crypto, earn staking rewards, use DeFi, or hold a high-volume portfolio, it's critical to hire a crypto accounting service early. Delaying can lead to tax reporting errors, lost cost basis data, and IRS penalties.

Can Camuso CPA prepare and file my taxes?

Yes, we provide full-service crypto tax preparation and filing for individuals, corporations, partnerships, and trusts. We ensure IRS-compliant filings based on your reconciled crypto data.

Does Camuso CPA provide tax planning services?

Yes. We offer proactive tax strategy and planning tailored to your crypto activity—including entity structuring, token timing, and capital gain optimization.

How is Camuso CPA different from other accounting service providers?

We are crypto-native CPAs who specialize solely in digital assets. Since 2016, we’ve built systems to support DeFi users, NFT investors, and Web3 businesses—making us more experienced than generalist firms.

How do you secure my data if we are working virtually?

We use secure client portals, encrypted API integrations, and strict internal access controls to protect your financial data and crypto transaction records.

Can you handle high volumes of transactions, blockchains, exchanges, and wallets?

Yes. We specialize in reconciling thousands of transactions across centralized exchanges, cold wallets, DeFi protocols, and multi-chain portfolios using industry-grade crypto tax tools.

Do you understand NFTs, DeFi, and Web3 accounting?

Absolutely. We’ve worked with NFT creators, DAO contributors, and DeFi power users. Our team understands token airdrops, staking, bridging, royalties, LPs, and smart contract activity.

What happens if I haven’t reported my crypto taxes in past years?

We specialize in cleaning up back-year filings and helping clients resolve IRS notices. We reconstruct records, prepare amended returns, and negotiate outcomes when needed.

Can you integrate my cryptocurrency transactions with QuickBooks?

Yes. We offer full crypto-to-QuickBooks (and Xero/NetSuite) integration, ensuring your digital asset activity is accurately reflected in your general ledger.

How do I get started working with Camuso CPA?

Start by booking a strategy call with one of our crypto CPAs. We’ll assess your needs, review your wallets, and provide a custom engagement plan to clean up your books and handle your taxes.

Trading Firm CPA for Prediction Markets, Perpetual Futures & Crypto Derivatives

Recognized by Forbes as a Best-in-State Top CPA in 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 market makers, proprietary trading firms, trading partnerships, funds, and other professional trading operations across prediction markets, perpetual futures, digital assets, and related derivatives markets.

Digital-asset accounting and tax practice established in 2016. Dedicated accounting and tax support for professional trading firms operating across emerging financial markets.

Federal & Global

Published Research

Prediction Market Event Contracts: A Tax Classification 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. A federal tax classification analysis examining how prediction market event contracts may be treated under §165(d) wagering rules, §1256 contract treatment, and general capital or ordinary income rules. Published in Tax Notes Federal and Tax Notes Global.

Read in Tax Notes → Read All Publications →

Accounting and Tax for Professional Trading Firms

Professional trading firms can operate highly automated strategies, provide liquidity across multiple venues, process substantial transaction volume, maintain material open positions, and generate fees, rebates, funding payments, or other trading-related activity with relatively small teams.

As the operation grows, the accounting and tax requirements can extend well beyond ordinary investment reporting. Different venues may produce materially different source records, and the firm may need transaction-level accounting, cash and position reconciliation, subledger and general-ledger reporting, period-end close, and entity and owner reporting across prediction markets, perpetual futures, and digital-asset activity.

The federal tax issues can be equally significant. Relevant questions may include instrument characterization, transaction timing, trade-or-business status, entity and partner reporting, available elections, state filing obligations, and the treatment of fees, incentives, funding payments, and other trading activity.

Camuso CPA provides both the accounting and tax work for professional trading firms. Depending on the engagement, we can reconstruct and reconcile historical activity, maintain recurring accounting and financial reporting, analyze material federal tax positions, and carry the supported treatment through the firm’s book-to-tax workpapers and tax compliance.

Our Process for Professional Trading Firms

tep 1: Trading Activity, Entity & Records Review

We review the firm’s trading activity, venues, strategies, transaction volume, entity and ownership structure, existing books, prior filings, and current reporting process. This establishes the scope of the accounting, tax, and compliance work and identifies any immediate filing, election, or reporting issues.

Step 2: Accounting, Reconciliation & Period-End Reporting

We address the accounting required to support the firm’s trading activity, including transaction-level records, reconciliation, subledger and general-ledger reporting, and period-end close where applicable. The scope is based on the firm’s actual trading model, venues, transaction volume, and existing accounting process.

Step 3: Federal Tax Analysis, Planning & Compliance

We evaluate the federal tax treatment of the firm’s trading activity and related entity and owner considerations. Depending on the engagement, this may include written position analysis, estimated-tax planning, available elections, partnership and owner reporting, state filing obligations, and preparation of federal and state tax returns.

Step 4: Ongoing Accounting & Advisory

For recurring engagements, Camuso CPA can maintain the accounting and reporting process throughout the year, including reconciliations, period-end close, financial reporting, tax projections, book-to-tax workpapers, and planning as the firm adds venues, strategies, owners, or other business activity.

Prefer to book a time directly?

Book a Trading Firm Consultation →

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

Who We Help: Market Makers, Proprietary Trading Firms & Professional Traders

Camuso CPA works with professional trading businesses whose transaction volume, strategies, entity structure, or reporting requirements extend beyond ordinary investment accounting and tax preparation.

Our clients include founder-led and established trading firms operating across prediction markets, digital assets, perpetual futures, and related derivatives markets.

Ready To Speak With A Trading Firm CPA?

Trading Firm Accounting & Tax Services

Accounting and tax services for market makers, proprietary trading firms, funds, and other professional trading operations across prediction markets, perpetual futures, digital assets, and related derivatives markets.

Trading Activity Reconstruction & Reconciliation

Historical and ongoing reconciliation of trading activity across venues, cash accounts, wallets, and internal systems, including positions, fees, funding payments, rebates, incentives, transfers, and other activity required to support the books.

Subledger & General-Ledger Accounting

Transaction-level subledger accounting and general-ledger integration for high-volume trading activity, including account mapping, venue-level records, open-position reporting, and support for partnership and entity accounting.

Ongoing Accounting & Period-End Close

Recurring monthly or quarterly accounting, reconciliations, period-end close, financial reporting, year-end workpapers, and ongoing maintenance of the firm’s trading-accounting records.

Financial Reporting, Audit & Diligence Support

Accounting records and workpapers supporting management reporting, financial-statement preparation, outside auditors, fund administrators, counterparties, financing, and investor or allocator diligence.

Tax Analysis & Written Positions

Technical federal tax analysis for material or uncertain trading positions, including prediction-market contracts, perpetual futures, digital assets, and related derivatives, with written support where appropriate.

Tax Planning, Elections & Estimated Taxes

Tax planning for professional trading firms and their owners, including estimated-tax projections, available elections, entity considerations, changes in trading activity, and other planning matters arising during the year.

Partnership, Corporate & Owner Tax Compliance

Federal and state tax compliance for trading entities and their owners, including partnership or corporate returns, partner and shareholder reporting, book-to-tax workpapers, and applicable multi-state filings.

Historical Accounting Cleanup & Delinquent Filings

Reconstruction of prior-period trading activity, correction of incomplete or unreconciled books, preparation of supporting tax workpapers, and completion of delinquent entity or owner filings where required.

Why Trading Firms Work With Camuso CPA

Professional trading firms often need more than return preparation. High transaction volume, automated strategies, multiple venues, open positions, partnership structures, and evolving instruments can create accounting and tax issues that need to be addressed together.

Camuso CPA provides both. Our work can include transaction reconstruction and reconciliation, subledger and general-ledger accounting, period-end close, financial reporting, federal tax analysis, planning, book-to-tax workpapers, and entity and owner tax compliance. This allows the firm’s accounting records and tax positions to be developed from the same underlying trading activity rather than handled as separate year-end exercises.

Service	Camuso CPA	General CPA / Accounting Firm
Trading activity reconstruction and reconciliation	✔	Varies
High-volume trading subledger accounting	✔	Varies
Market-maker and proprietary trading accounting	✔	Varies
Multi-venue accounting and reconciliation	✔	Varies
Ongoing accounting, period-end close, and financial reporting	✔	Varies
Book-to-tax workpapers and reporting integration	✔	Varies
Prediction-market and derivatives tax analysis	✔	Varies
Written federal tax-position support	✔	Limited
Tax planning, elections, and estimated taxes	✔	Varies
Partnership, corporate, and owner tax compliance	✔	✔

Trading Firm Accounting & Tax

Case Study

Quantitative Prediction-Market Trading Firm — Accounting, Federal Tax Analysis and Partnership Compliance

Client Type Multi-Member Trading Firm

Activity Automated Market Making

Scale Millions of Fills

Scope Accounting, Tax & Partnership Compliance

The Problem

The firm had scaled its prediction-market market-making activity while its accounting and tax reporting had fallen behind the trading operation. Nearly two years of high-volume activity had not been incorporated into the books, partnership filings remained outstanding, and material federal tax positions affecting the firm's prediction-market activity had not been formally documented.

What We Did

Camuso CPA reconstructed the historical trading activity, developed transaction-level subledger accounting for the firm's prediction-market activity, and integrated the resulting records into the general ledger. We also analyzed and documented material federal tax positions, prepared the related book-to-tax workpapers, and completed the required partnership tax compliance.

The Outcome

The historical trading activity was incorporated into the firm's books, outstanding partnership reporting was brought current, and the accounting and tax positions were implemented within a consistent reporting process. Camuso CPA now provides ongoing accounting together with quarterly tax projections, provisions, and year-end tax support.

Work With A Trading Firm CPA

Trading Firm CPA FAQ

What does a trading firm CPA do?

A trading firm CPA works with professional trading businesses on the accounting, tax, and reporting requirements arising from high-volume or complex trading activity.

Depending on the firm, that can include transaction reconstruction, reconciliation, subledger and general-ledger accounting, period-end close, financial reporting, federal tax analysis, planning, book-to-tax workpapers, partnership or corporate reporting, and tax compliance.

What types of trading firms does Camuso CPA work with?

Camuso CPA works with market makers, liquidity providers, proprietary trading firms, quantitative and systematic trading firms, trading partnerships, funds, and other professional trading businesses.

Our work includes firms operating across prediction markets, perpetual futures, digital assets, and related derivatives markets.

Does Camuso CPA handle both accounting and tax for trading firms?

Yes.

Depending on the engagement, Camuso CPA can handle transaction accounting, reconciliation, subledger and general-ledger reporting, period-end close, financial reporting, federal tax analysis, planning, book-to-tax workpapers, and entity and owner tax compliance.

For professional trading firms, accounting and tax are often most effective when the underlying trading records and adopted tax positions are coordinated rather than addressed independently at year-end.

Why do high-volume trading firms need specialized accounting?

Professional trading firms can generate substantial transaction volume, maintain open positions across multiple venues, receive rebates, incentives, funding payments, and other trading-related amounts, and operate automated strategies with relatively small teams.

The accounting needs are therefore driven by the activity—not headcount. Summary platform or broker reports may not provide all of the detail required to reconcile the trading activity, maintain the books, complete period-end close, or support year-end tax workpapers.

How are prediction markets, perpetual futures, and crypto derivatives taxed for a trading firm?

There is no single federal tax treatment that applies to every instrument or trading firm.

The analysis can depend on the instruments traded, contract terms, transaction mechanics, taxpayer capacity, entity structure, and other relevant facts. Depending on the activity, issues may include ordinary versus capital treatment, §1256, wagering rules, trade-or-business treatment, hedging, available elections, entity and owner reporting, and other federal tax provisions.

Material or uncertain positions may warrant formal written analysis before they are implemented in the returns.

Should a trading firm consider a Section 475(f) election?

Potentially, but the analysis is fact-specific.

Whether an election is available or advisable depends on the taxpayer’s activity, the instruments involved, whether the applicable trade-or-business requirements are satisfied, the consequences of the election, and the relevant filing deadlines.

A trading firm should not assume that §475(f) applies uniformly across all trading activity or instrument types.

How do entity structure and ownership affect a trading firm’s tax reporting?

Entity classification and ownership can affect federal and state reporting, partner or shareholder allocations, estimated taxes, state filing obligations, and other tax considerations.

Trading firms with multiple owners, mid-year ownership changes, outside capital, or activity across several jurisdictions may require additional accounting and tax analysis beyond the treatment of the trading instruments themselves.

Can Camuso CPA work with our existing attorneys, auditor, fund administrator, or other service providers?

Yes.

Camuso CPA can provide specialized trading-firm accounting and tax services while coordinating with existing regulatory counsel, fund counsel, auditors, administrators, brokers, and other professional advisers.

The appropriate division of responsibility depends on the firm’s existing systems, service-provider relationships, and reporting requirements.

When should a trading firm engage a specialized CPA?

Ideally before transaction volume, additional venues, new instruments, ownership changes, outside capital, or reporting deadlines make the accounting and tax issues more difficult to address.

Common triggers include beginning market-making activity, adding automated strategies, expanding into prediction markets or perpetual futures, forming a new trading entity, adding partners, preparing for audit or diligence, establishing recurring financial reporting, or approaching year-end without reconciled books.

Can Camuso CPA help if our books or prior filings are behind?

Yes. Where trading activity has not been incorporated into the books or prior filings remain outstanding, Camuso CPA can work from available source records to reconstruct the relevant activity, reconcile the accounting records, prepare the required book-to-tax workpapers, and complete the related tax compliance. The appropriate scope depends on the quality of the available records, the periods involved, and the issues identified during the review.