nyone buying and selling any type of crypto currency – fiat-crypto, crypto-crypto and crypto-fiat – will incur a taxable event on any disposal. Quantifying the tax liabilities in your local currency can be a very complex task, particularly with crypto-crypto trading, and it is essential that the right tools are in place to perform accurate calculations and that the right advisors are available to ensure that the correct data is sourced, verified and processed from what can be a highly complex range of platforms and devices.
As an early adopter of crypto-currency financial reporting and tax compliance, we have built up a range of expertise and services available to help any company or individual meet their reporting requirements and compliance responsibilities.
We work with hobby investors and day traders, trading and consulting companies and institutional investment funds, in setting up systems, connecting wallets and exchanges to reporting tools and configuring the end-to-end data flow processes through to accounting software such as Xero.
I switched to Steedman & Company two years into running my own business as I was suffering from some common new business issues, e.g. credit control. They’ve been vital in turning my business into a success and are always one step ahead of me.
Stephen Mathieson Edinburgh