Exceptional service! They made my tax filing stress-free and even helped me save more than I expected.
Navigating the complexities of cryptocurrency taxation can be daunting, whether you’re a newcomer or a seasoned trader. Our mission is to make compliance straightforward, help you maximise savings, and provide peace of mind.
Our Services:
Crypto Tax Accounting: Stay compliant with evolving regulations. We can process your crypto transactions, reconciling any matching errors, and calculate gains applying all relevant exemptions. We are experienced with multiple software solutions.
Corporate Tax Compliance: Ensure your operations meet all tax obligations while maximising savings. Assistance with self-assessment tax returns, ongoing compliance support, including tax planning strategies such as tax loss harvesting to minimise tax payable.
Business Advisory & Incorporation: Professional trader wanting to explore the benefits of incorporation? Turn your vision into reality with expert business planning and incorporation support. We can assist in registering your business, annual filing requirements such as confirmation statements and accounts preparation.
Review Services: Comfortable preparing your own returns but seeking assurance? We can review your work, suggest efficiencies, and optimise your tax position to ensure compliance and potential savings.
I wasn’t sure if I had any tax reporting obligations as a casual investor, but Big 4 Accountancy made everything so clear. They walked me through the process step by step and gave me peace of mind that everything was handled correctly.
Sarah H (anonymised)
Casual Investor
Exceptional service from Henry and the team. Despite leaving my taxes late in the year, they efficiently advised on and processed thousands of transactions within a month. Their expertise, professionalism and efficiency are unmatched – I wouldn’t recommend anyone else.
AdamJae
Portfolio Manager & Founder, Adam’s Apes
Why Choose Big 4 Accountancy?
Save Time: Let us handle the complexity of crypto tax reporting so you can focus on what matters most.
Maximise Your Savings: Our tailored strategies ensure you pay no more tax than you owe – and not a penny more.
Trusted Expertise: Work with a team of crypto specialists who understand both the technology and the tax laws.
Peace of Mind: From navigating HMRC regulations to correcting errors, we ensure you’re always compliant.
Do I need to pay tax on my cryptocurrency holdings?
In most cases, HMRC requires you to pay tax on crypto gains or income. You may have triggered tax reporting obligations if you’ve transferred or sold, swapped or earned cryptoassets. Book a consultation to understand your specific situation.
What happens if I don’t declare my cryptocurrency transactions?
Failing to declare your transactions could lead to penalties or investigations. We can help ensure your compliance with HMRC regulations.
What records do I need to keep for crypto tax reporting?
It’s important to track all your trades, dates, values, and transaction fees. Not sure how to get started? We can help you organise and simplify your records, having multiple partnerships with leading technology solutions.
Can you help with tax reporting for other investments, like stocks or NFTs?
Yes! Our expertise covers a wide range of investments, including NFTs and traditional assets.
For Beginners:
Do I need to file a tax return if I’ve only made a small profit or loss?
Even small gains might need to be reported if you exceed HMRC’s thresholds. Unsure if this applies to you? Let’s discuss your circumstances.
How much cryptocurrency can I withdraw tax-free each year?
HMRC allows a tax-free Capital Gains allowance, but limits have changed recently. Depending on your circumstances there may be other reliefs available to allow you to crystallise gains without triggering a liability. Book an appointment to discuss your specific situation.
I don’t use trading / tracking software – can you still help me?
Absolutely. Whether you use spreadsheets or have limited records, we can assist with organising your transactions and staying compliant.
For Advanced Traders:
What are the tax implications of frequent trading?
HMRC may classify frequent trading as a business, which could change how you’re taxed. We can review your activity and provide tailored advice.
Can I offset crypto losses against other income or gains?
In many cases, yes, but it depends on the type of transaction and your overall tax situation. Let us help you maximise your relief.
Do you work with crypto tax software like Koinly or CoinTracker?
Yes! We’re experienced with integrating reports from leading platforms to ensure compliance and accuracy. Usually, there is functionality for you to invite us to view your data, but if not we are happy to explore working with the raw data. Get a 10% discount to Koinly, create an account today -> https://big4accountancy.com/koinly
Can you review a tax return I’ve prepared myself?
Absolutely. Our review service ensures your calculations are correct and identifies opportunities for optimisation.
How do you handle large or complex transactions?
We specialise in high-value and multi-layered trades, providing detailed reviews to ensure compliance and minimise liability. For high-risk or technical situations, we consult a hand-picked network of crypto experts to better understand the market or investor motivations. In cases of ambiguity or aggressive tax strategies, we seek independent advice – at no additional cost to you – to ensure our approach is both defendable and correct.
Service-Specific:
Do you offer ongoing support, or is it a one-time service?
We offer both! Choose from one-off consultations or ongoing support to match your needs.
Can you help with business taxes if I’ve started a crypto-related company?
Yes, we specialise in corporate tax compliance and offer tailored advice for crypto businesses.
Do you assist with international crypto tax issues?
We provide guidance for cross-border transactions and international tax challenges. Let’s discuss how we can help.
Got a query that’s not mentioned above? Get in touch!
