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Cryptocurrency & Digital Asset Accounting

Specialist accounting and tax advisory for crypto holdings, trading, and digital asset businesses.

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What is Cryptocurrency & Digital Asset Accounting?

At SA Accountancy, cryptocurrency and digital asset accounting handles the specialist tax and accounting complexity of crypto holdings and transactions — tracking cost basis across wallets and exchanges, calculating capital gains, and correctly treating staking, mining, and DeFi income under evolving tax rules that most accounting firms aren't yet equipped to handle.

Who Cryptocurrency & Digital Asset Accounting is for

Active crypto traders and investors

You trade across multiple exchanges and wallets and need accurate cost-basis tracking and capital gains reporting.

DeFi and staking participants

You earn staking, mining, or DeFi yield income with tax treatment that isn't straightforward under standard rules.

Digital asset businesses

Your business holds or transacts in crypto as part of its treasury or operations and needs proper accounting and regulatory compliance.

What's included

✓

Cost-basis tracking across wallets and exchanges

✓

Crypto trading and capital gains tax reporting

✓

Staking, mining, and DeFi income treatment

✓

Digital asset treasury management

✓

Regulatory compliance for crypto businesses

How our Cryptocurrency & Digital Asset Accounting process works

1

Wallet & Exchange Reconciliation

We consolidate transaction history across every wallet and exchange you use into one accurate record.

2

Cost-Basis Calculation

We calculate cost basis and capital gains/losses using the appropriate accounting method for your jurisdiction.

3

Income Classification

We correctly classify staking, mining, and DeFi income, which is often taxed differently from simple trading gains.

4

Reporting & Filing

We prepare the tax filings and treasury reporting your situation requires, with documentation that holds up under scrutiny.

Frequently asked questions about Cryptocurrency & Digital Asset Accounting

Yes — consolidating fragmented transaction history across multiple wallets and exchanges into one accurate cost-basis record is one of the most common starting points for this service.
Staking, mining, and DeFi yield are frequently treated as income at the time received, separate from the capital gains treatment applied when you later sell or trade the underlying asset — the specific treatment depends on your jurisdiction, and getting this distinction wrong is a common costly mistake.
Yes — treasury management, revenue recognition, and regulatory compliance for businesses that hold or transact in digital assets is part of this service, not just personal tax reporting.
We can reconstruct historical activity from wallet and exchange data even where your own records are incomplete — this is a common situation, not a blocker to getting compliant.
In most jurisdictions, including under US federal tax rules, cryptocurrency is treated as property, not currency — which means capital gains rules apply to disposals, not the foreign currency rules many people assume.
In most jurisdictions, yes — a crypto-to-crypto trade is typically treated as a taxable disposal of the asset you traded away, even though no fiat currency changed hands. This is one of the most commonly missed taxable events.
The same cost-basis and disposal principles generally apply, though valuation and classification can be less straightforward than for liquid tokens — we handle NFTs and other digital assets as part of this service, not just mainstream cryptocurrencies.
It's generally recognised as business income at fair market value on the date received, separate from any later capital gain or loss when you eventually sell or convert it — getting this two-step treatment right is a common area we help businesses correct.
What clients say
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★★★★★
ESG & Financial Analysis

“Delivered a thorough financial, performance, and ESG analysis, complete with a clear company overview, an in-depth governance review, and polished, insight-rich visual reporting.”

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