Introduction to Crypto Accounting
As cryptocurrencies and digital assets become part of the creator economy, managing them properly is essential. Whether you are paid in Bitcoin for a sponsorship, receive Ethereum tips from fans, sell NFTs or run a Web3 business, each transaction has tax and accounting implications. Our crypto accounting services help you track every trade and transfer, stay compliant with IRS rules and avoid costly mistakes.
Why Creators & Web3 Entrepreneurs Need Specialized Crypto Accounting
Crypto transactions are complex: values fluctuate by the second, wallets and exchanges generate massive data, and the tax treatment depends on whether you’re mining, staking, trading or holding. We understand the nuances of digital assets and how they intersect with creator revenue. We’ll help you record the cost basis and fair market value of each coin, identify taxable events, and structure your operations to minimize tax liabilities.
Our Crypto Accounting Services
- Transaction bookkeeping: consolidate trades, purchases, sales and transfers across all exchanges and wallets, including Coinbase, Binance, Kraken, Metamask and hardware wallets.
- Tax calculation & reporting: compute capital gains and losses using FIFO, LIFO or specific identification; prepare Form 8949 and Schedule D; track ordinary income from mining, staking and airdrops.
- NFT & digital collectibles: account for minting costs, gas fees, royalties and secondary market sales; treat collectibles properly under IRS guidelines.
- Portfolio tracking & valuation: produce monthly statements showing holdings, realized and unrealized gains, and performance by asset.
- Compliance & representation: respond to IRS letters, provide audit-ready reports and assist with FBAR and FinCEN requirements for foreign exchanges.
Our Process & Engagement Model
We begin by learning about your crypto activity and the platforms you use. Next, we connect your exchanges via API keys or import CSV files to build a complete transaction history. We reconcile each transaction, assign cost basis and holding periods, and produce quarterly and annual reports. Throughout the year we meet to discuss tax-saving strategies, such as harvesting losses or optimizing holding periods.
Benefits for Creators & Digital Businesses
With proper crypto accounting you’ll avoid surprises at tax time and reduce the risk of audits. You’ll understand the profitability of your digital asset activities, make informed investment decisions and ensure your business remains compliant as regulations evolve.
Pricing & Packages
Our crypto accounting packages scale with the complexity of your portfolio. Starter packages include up to 500 transactions per year, while higher tiers support thousands of transactions, NFT portfolios and DeFi activities, along with monthly advisory sessions.
Frequently Asked Questions
How do you collect my transaction history?
We connect to your exchanges and wallets via secure read-only APIs or CSV imports. This allows us to pull all trades, deposits, withdrawals and transfers into one system.
What if I use multiple wallets?
We aggregate data from multiple wallets and exchanges, including hot wallets, cold storage and DeFi platforms, to ensure nothing is missed.
Can you handle mining or staking income?
Yes. We record mining and staking rewards as ordinary income at the fair market value on the receipt date and track related expenses.
Call to Action
Ready to make sense of your crypto finances? Schedule a free consultation with our Houston-based crypto accounting experts to ensure your digital asset activities are accurate, compliant and optimized.