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Cryptocurrency is complex enough – you should focus on the investment and let us handle the books.
Cryptocurrency is an emerging asset class that has captivated the attention of investors, developers, and regulators with its novelty and potential. In all the excitement, adoption and technological advancement has outpaced regulatory clarity leaving individuals and businesses in the space making, at best, educated guesses around how to audit, account, report, and manage their coins. Is cryptocurrency a commodity, security, or property? Depends on who you ask. At BTC Accounting we think you should only have to ask once – so ask us.
Taxes
Whether for your personal or corporate filings, BTC Accounting has you covered. Our tax professionals have built a reputation not only in their field, but also as cryptocurrency subject matter experts. We are well poised to provide full scope annual and quarterly filings as well as any disclosures required by the various regulatory bodies in the US, including FINRA, FINCEN, IRS, SEC, and CFTC. We are well versed in determining tax-advantaged structures and strategies that take advantage of the stateless nature of cryptocurrency and place investment and tax exposure in favorable jurisdictions.Some of the unique elements of cryptocurrency accounting in which we have a deep bench of experience include:
- Coin events such as air drops, forks, and token swaps
- Mining & Merge Mining
- Staking and Masternodes
- Privacy Coins
- Crypto Lending
Advisory
Not only does BTC Accounting know taxes, we are also cryptocurrency experts and adopters ourselves. Given the fundamental complexity of cryptocurrency, BTC Accounting has technical experts as well as tax experts on its staff. We advise our clients on the array of different types of cryptocurrencies and the implications of investment. Areas of expertise include:
- Types of tokens: utility tokens vs security tokens vs tokenized assets
- ICOs
- Simple Agreement for Future Tokens (SAFT) Investment
- Smart Contracts
Institutions
Whether you are a fund, family office, or other institution with direct or indirect exposure to cryptocurrency, BTC Accounting is your one-stop for accounting services. We have successfully helped our clients navigate the challenging and evolving regulatory environment as it applies specifically to institutions entering the space. BTC Accounting has assisted with all of the following:
- SEC Regulation A & D
- Ecosystem Fund Investment
- Venture Investment
- Token Issuance
- Regulated Futures Trading
- Qualified and Directed Custodianship
- and Pre-ICO Investment
Security
One of BTC Accounting’s key differentiators is the vastly more sophisticated approach we take to privacy and security versus that of our competitors. The cryptocurrency space is notorious for scams and theft on one hand and privacy enthusiasm on the other. We protect you from the former and respect you on the latter. While regulations may require certain amounts of disclosure, we don’t believe that leaks from your professional services providers should be one of them. As such, BTC Accounting has in place an advanced data security posture which includes the following:
- Industry grade firewalls and advanced malware protection
- Pseudonymous & encrypted communications
- Compartmentalized data storage
- Private Certificate Authorities
- Advanced VPNs
- Deliberate, multi-check on-boarding and off-boarding