As it’s still a growing sector, cryptocurrency taxation can seem unclear, some cryptocurrency investors may even believe that their cryptocurrency and cryptoassets are tax-exempt, although that is not always the case.
Our team can help cryptocurrency investors from across the UK with a quick, remote, and highly effective service.
With TaxKings, you will receive crypto-specific tax accounting and bookkeeping to ensure that the tax process is not hindering your investment into the exciting opportunity that is crypto and blockchain.
We will professionally advise you on what needs to be paid and how to properly pay tax for crypto while keeping track of your payments to make sure you’re paying exactly what you have to and no more.
We offer a range of accountancy and bookkeeping services that can be specifically tailored to your cryptoassets to ensure tax is properly handled when buying and selling.
We can help with areas including:
Our team of crypto specialists are highly skilled in digital bookkeeping and tax advising, but where we stand out is our friendly and personable approach. We offer great customer service so that you can be certain that your tax expenses are in safe hands.
While many believe that crypto is not taxable as it is decentralised, that isn’t the case, as it’s bought and sold using large sums of fiat money. You may be subject to capital gains tax. You may also be liable when exchanging crypto, for example, if you exchange Bitcoin for Ethereum, you may have to pay capital gains tax as they can be used to pay for goods and services.
Income tax and national insurance may also become liable depending on the size of your assets – including cryptoassets. It’s important to make sure that you stay on top of crypto taxation, as it could lead to unexpected and costly expenses.
If you are planning to buy or sell cryptoassets, or use your cryptoassets to buy something else, we can help you. We will help you plan and strategise to make sure that you don’t have to pay a penny more than is needed in tax payments.
Are any of your cryptoassets viable for capital gains tax? Let our skilled and knowledgeable team have a look at your portfolio of cryptoassets and cryptocurrencies on the blockchain. We will let you know where and how money can be saved on tax.
If you are unsure about taxation in the cryptocurrency space and would simply like to get a better grip on how everything works, let us know. Our friendly and helpful team will be able to handle your queries, offering useful, pragmatic advice.
Accounting for crypto can be time-consuming and confusing. TaxKings puts a stop to this with software solutions that save time and money.
Get to know how our users are optimising their bookkeeping with tools like Dext (formerly ReceiptBank) and QuickBooks.
Get a proper grip on crypto tax with help from the team here at TaxKings. If you want to improve how your taxes are handled, talk to us today.
