Crypto Taxation explained. The market for cryptoassets, such as cryptocurrencies and NFTs, has grown considerably but the tax implications of investing, mining or trading remain less well known.
That’s where we can help. We pride ourselves on providing a no-nonsense, pragmatic service that ensures that you remain compliant while reducing the amount of tax that is due.
It’s that simple.
Contact us at info@thornewidgery.co.uk to find out more about our crypto tax services.
Want to know more?
Helping you understand the tax implications of cryptoassets
Cryptoassets are taxed in a couple of different ways depending on how you derive an income from them.
For the average investor, they may face tax on the gains that they make from their investments each year, while miners or traders may have to pay income tax.
If you are involved with the cryptoasset markets, whether a part-time amateur investor or a long-standing crypto miner, you need to understand how your actions and income affects your tax position.
We can help you assess this and give you advice on how you could potentially reduce your tax liabilities and the amount you pay.
Keeping you compliant
The taxman has become a lot stricter when it comes to cracking down on crypto investors and crypto taxation, sending out nudge letters and launching investigations into individuals and businesses that it suspects haven’t paid tax due on gains or income from cryptoassets.
We can help you to complete your crypto tax return correctly and provide you with a deeper understanding of how your activities online affect your tax position.
An eye on the horizon
As an innovative firm – that has won awards for its forward-thinking approach – we are always on the lookout for the next great challenge or opportunity.
Whether it is new types of cryptoassets or the emergence of the Metaverse, our team take the time to learn about the implications of these developments on our clients.
Contact us for a quick, informal chat to find out how we can help you make the most of your cryptoassets.