Accurately calculate roof-top accurate sales tax rates at scale in native cryptocurrencies to ensure sales tax compliance across tax jurisdictions and for a seamless customer experience.
Many CPAs are not aware or up to date on sales tax regulations related to NFTs, digital assets . This creates a large compliance risk for Web3 businesses.
Our team at Camuso CPA is on top of a rapidly developing NFT sales tax landscape.
We leverage extensive tax experience, the latest technologies and work specifically with Web3 businesses to ensure we do not make critical tax errors that cost you money.
Each tax return we prepare goes through structured review process to ensure everything is filed accurately, timely and you're not subject to penalites, interests or business disruptions.
Work with an experienced digital asset CPA firm that understands NFT sales tax
When it comes to fling taxes, accuracy and timeliness is what counts. When you work with Camuso CPA you get your returns filed accurately and timely with an experienced and trusted cryptocurrency CPA.
Here's how the process goes
During the initial onboarding process you will have a consultation with your tax manager to discuss the tax preparation process, your tax needs, engagement expectations and what information we will need to prepare your return before you complete the onboarding process to provide your information and tax documentation.
Our team will assess your business, sales history and sales projections to evaluate your compliance needs for recommendations and a compliance roadmap.
Our team will manage your tax filings across tax jurisdictions for both back taxes and ongoing tax obligations.
We help Web3 Businesses and NFT artists with the following sales tax issues:
- Your Tax Returns Are Getting Too Complicated
- You Do Not Understand Your NFT and Digital Asset Sales Tax Obligations
- You Have Sales Tax Compliance Issues
- Your current CPA's processes and workflows are outdated
- Your CPA doesn't file your tax returns accurately or on time and it's impacting your bottom line
$ 2.4 Million
$ 137,000 +
$ 128,800 +
$ 295,000 +
$ 500,000 +
$ 1.1 Million
Clients we helped
Paul, the managing partner of a successful Bitcoin mining company, sought our firm's assistance for tax planning. Our collaborative efforts led to significant tax-saving strategies for his business. Furthermore, our guidance allowed Paul to gain clarity on accelerating depreciation schedules for purchased equipment and assets. Moreover, our firm aided Paul in setting up and updating his accounting system to ensure accurate records for past transactions. This enhancement provided comprehensive financial visibility and facilitated precise tax planning and compliance strategies.Mining Operation
William, a successful NFT artist, sought our firm's assistance for tax planning, aiming to optimize his financial structure. In addition to tax planning, our collaboration led to the implementation of a robust accounting and tax projection system. This system not only ensured up-to-date financial records but also enabled William to stay proactive with estimated IRS tax payments. By proactively converting tax liabilities from ETH to USD before a significant market correction, he successfully mitigated the impact of potential market fluctuations, ensuring a more stable financial position.NFT Artist
Chad, a thriving Web3 CEO, sought our expertise for tax planning to optimize his financial structure. Our approach centered on providing Chad with comprehensive insights and information to navigate tax-related matters. This empowered Chad to make informed decisions and leverage potential opportunities within the tax landscape while aligning with his business objectives.
Additionally, as part of our collaboration, we established a comprehensive accounting system tailored to the intricacies of Web3, integrating a sub-ledger and a general ledger. This system streamlined Chad's financial operations, offering a structured approach to manage and track transactions, ensuring accuracy, and facilitating transparent financial reporting.Web3 CEO
Jonathan, a successful cryptocurrency investor, sought our firm's expertise for cryptocurrency accounting after facing challenges with various popular accounting software. These software tools not only overstated his profits by multiple millions but also lacked support for many transactions and blockchains he utilized. Additionally, Jonathan received inaccurate 1099s from exchanges, which failed to correctly report his cost basis. His extensive activity spanned approximately 15+ exchanges, 30+ wallets, and encompassed diverse transactions, including margin trading, several DeFi protocols, and NFT purchases across 10+ blockchains from 2016 to the present.
Upon engagement, our team initiated the setup of an accurate accounting system for Jonathan, meticulously updating his financial records from 2016 to the present day. We diligently reconciled his activities with the erroneous 1099s and reported his transactions accurately to the IRS.
Furthermore, through ongoing maintenance of Jonathan's accounting system, we identified loss harvesting opportunities, resulting in substantial tax savings.Cryptocurrency Investor
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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