Crypto Tax Consultations

M J Kane are experts in Cryptocurrency Tax Advice.

Do you currently trade in cryptocurrency?

Do you accept payments from customers in cryptocurrency?

Do you have crypto assets?

As crypto becomes more popular, HMRC have become more aggressive in their approach to the tax side of cryptocurrency. Depending on how it is used, crypto can be subject to income tax or capital gains tax, with many people now coming under fire as a result of HMRC’s new avoidance legislation.

Our expert team of accountants and specialist cryptocurrency tax advisers are here to support you with a range of crypto tax services.

At M J Kane, we can provide:

  • One-off specialist advice on your situation
  • Bespoke Reports
  • HMRC registrations for individuals and businesses who trade crypto
  • Production and submission of company/personal tax returns that include crypto-asset profits and gains.

At M J Kane, we can provide assistance with ensuring that crypto transactions are tax efficient and advising on the implications of crypto asset activities.

What is included in my 15-minute advisory phone call

During your advisory phone call you will be in a position to ask one of our Crypto Tax Specialists any questions you may have regarding tax advice and crypto currency.

You will be provided with bespoke advice unique to your circumstances.

The call will include advice on tax planning and tax saving to ensure that you get the best savings out of your investment.

You will be provided with a report based on the phone call detailing the advice our specialist recommends.

This call will be more than a consultation and will provide you with bespoke, exact tax advice unique to your situation.

You can book a 15-minute conversation with one of our Experts now!

Do I need to report my Cryptocurrency on my taxes

Yes, your cryptocurrency is taxable. HMRC considers cryptocurrency holdings to be a taxable income. The rate your currency income is taxed on will vary depending on the way you receive the income.

Are paper gains taxable?

Unrealized gains. Gains that are “on paper” only are called “unrealized gains.” For example, if you bought a virtual asset for £10 and it’s now worth £12, you have an unrealized gain of £2. You won’t pay any taxes until you sell the asset or transfer it.

Can HMRC track Crypto?

A: HMRC may investigate your tax affairs if you have invested in cryptoassets, cryptocurrency, and virtual currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Zcash (ZEC) and Ripple (XRP).