Cryptocurrency has become a popular choice for micro investors, thanks to a plethora of apps offering easy entry and promises of riches, but accounting for crypto transactions at tax time can be trap for the unsuspecting.

The CGT Problem

Most cryptocurrency disposals will trigger a capital gains event, even if they're for small amounts and even if you don't withdraw your money (for example where you swap one currency for another). This can mean that if you're an active trader you can easily clock up thousands of capital gains transactions in a tax year. Even more alarmingly, most of the common trading apps don't produce adequate reports to properly calculate your tax. This can mean that trades which took you a few seconds require hours, days or weeks of accounting time to sort out for your tax return.

How We Can Help

We're experts at working out the tax on cryptocurrency transactions. For high-volume, low-value traders, we can make the cost of properly calculating your capital gain or loss managble with specialist software built for the job. If you've been trading cypto, you want us to lodge your tax return.