Year End Accounts for Crypto
Preparing year end accounts for companies holding cryptocurrency required specialist knowledge. UK accountant standards have specific requirements for crypto assets that most accountants are unfamiliar with.
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Trusted by Clients for Crypto Tax Compliance
Our Year End Services
Statutory accounts that meet Companies House requirements and present your crypto position clearly.
Statutory Accounts
We prepare accounts that comply with Companies House requirements and accounting standards. Your crypto holdings are presented correctly with appropriate disclosures.
Corporation Tax
We calculate and file your corporation tax return. Crypto gains and losses, trading versus investment treatment and allowable deductions are all handled correctly.
Director Support
We explain your accounts to you before filing. Directors need to understand what they are signing. We make sure you know your posistion and can answer questions.
Free Crypto Tax Consultation
During your free 20-minute crypto tax consultation, we will:
Review your crypto activity across exchanges, wallets, staking, and DeFi
Identify what needs to be reported to HMRC, including gains and taxable income
Explain how crypto tax reporting works and what’s required for your Self Assessment
Highlight potential risks or missed reporting obligations before HMRC flags them
Assess whether previous years need correcting and explain voluntary disclosure options
Outline how we calculate gains and income accurately, including HMRC cost basis rules
Select a Date & Time
Crypto on the Balance Sheet
Correct classification and valuation are essential for FRS 102 Compliance.
Classification
Crypto holdings are typically treated as intangible assets under FRS 102. The classification affects how you measure and disclose your holdings. For trading businesses, current asset treatment may be more appropriate.
Valuation
Year end valuation of crypto holdings needs defensible pricing sources and a consistent methodology. We use appropriate exchange rates and document the basis for valuations clearly in your accounts.
Disclosure
Crypto holdings require appropriate note disclosure explaining the nature of the assets, the accounting policy applied and any significant judgements. Good disclosure builds cofidence with stakeholders.
Can HMRC See My Crypto?
Yes.
HMRC receives data from UK exchanges and can request information from overseas platforms under international agreements. They have issued thousands of nudge letters to crypto holders.
Assuming your activity is invisible is not a safe position. We help you stay compliant so HMRC enquiries are unlikely and easily resolved if they happen.
Not Reported Previous Years?
If you have crypto gains or income from previous years that should have been reported, we can help. Voluntary disclosure to HMRC typically results in lower penalties than waiting for them to contact you.
We prepare backdated returns, calculate what is owed and handle the disclosure process on your behalf.
How Crypto Tax Reporting Works
A simple, four-step process to get your taxes sorted.
Connect Data
Our software pulls transaction data directly from your exchanges and wallets securely.
Calculations
We reconcile disposals and apply HMRC matching rules to determine your exact gain/loss.
Review
A specialist accountant reviews the data for optimizations, reliefs, and accuracy.
Submission
We prepare and submit your Self Assessment tax return to HMRC on your behalf.
Our Promise To You
We combine modern efficiency with old-fashioned service. You get real accountants who know your name and understand your business.
RESPONSIVE SUPPORT
Real accountants, real answers. We don’t use impersonal ticketing systems, giving you direct access to the support you need.
Dedicated Accountant
You won’t be passed around a call centre. You get a dedicated accountant who understands your specific situation.
EXPERT TAX EFFICIENCY
We use our expertise to ensure your accounts are structured efficiently, checking for the allowances and reliefs relevant to you.
Clear advice in plain English
No jargon. Just practical, direct guidance so you always understand your financial position.
Frequently Asked Questions
How are crypto holdings valued at year end?
Typically at the lower of cost and net realisable value, using appropriate market prices at the balance sheet date. For holdings with limited liquidity, specialist valuation approaches may be needed.
Do crypto losses affect my tax?
For companies, crypto gains and losses are typically treated as capital. Losses can offset gains but have limited relief against trading profits. We advise on the most efficient treatment for your situation.
Do crypto losses affect my tax?
For companies, crypto gains and losses are typically treated as capital. Losses can offset gains but have limited relief against trading profits. We advise on the most efficient treatment for your situation.
What if my year end is during high volatility?
Significant post balance sheet movements may need disclosure. We review subsequent events and advise on appropriate treatment and disclosure in your accounts.