The Accountant Quits’ Post

Traditional taxes run on rails—employers withhold wages, brokerages send 1099s, banks report interest. Crypto operates without that infrastructure, leaving investors to track thousands of wallet and chain transactions on their own. And even when done correctly, the IRS still demands line-by-line proof. The result? Cases where routine stablecoin transfers—tokens pegged to a dollar—get flagged as six-figure “phantom gains.” These audits show how outdated rules can turn compliance into punishment. Consider the scale: 1 in 5 Americans now own crypto. That’s tens of millions of taxpayers. By contrast, only about 21,000 have ever invested in Opportunity Zones—yet those zones benefit from thousands of pages of IRS guidance, while crypto investors have only a handful of notices to work with. The IRS has shown it can provide clarity when it chooses. It did so for Opportunity Zones. It can—and must—do the same for crypto. What’s needed is not volume, but clarity, fairness, and practicality. That’s why many believe crypto taxes are the defining policy battle of this industry. Stablecoins and market structure matter, but taxes impact everyone—investors, businesses, and startups alike. The future of America’s crypto leadership depends on getting it right. 👉 For expert support with crypto accounting and taxes, visit www.bitcounts.org #CryptoTax #Blockchain #FinTech #TaxPolicy #IRS #CryptoCompliance #DigitalAssets #Web3 #Accounting #CryptoLeadership

How to find the right crypto tax professional in Australia ? Here are the # Top 3: Depending on your specific tax situation: # For fixing errors in crypto software👇 • Crypto Tax Made Easy by Matthew Walrath As per research, 90% of the time, crypto tax software overestimates capital gains because it misclassifies DeFi transactions, NFT mints, liquidity pool activities, and cross-chain bridges. Top features: - Fixes these software errors & use of its proprietary tools. - Upfront transparent flat-rate pricing with no hidden hourly fees. - Offers a DIY course for enthusiasts. # For the Web3 businesses and high net worth individuals👇 • Tax On Chain From crypto tax return preparation to SMSF structures and DAO tax advice. Top features: - Tailored for tax planning - Crypto gains & Traditional investments. - Reduces capital gains tax liabilities through strategic tax planning. - Premium pricing, less ideal for casual investors. # More affordable solution for small and everyday users👇 • Goodwill Chartered Accountants by Thomas Cane Affordable solution for small businesses and everyday crypto investors. Top features: - Competitive pricing ideal for casual investors. - Simplified tax calculations. - Clear communication and user-friendly reporting. * Honourable mention 👉 Wealth Safe - offers combined cryptocurrency tax services with broader financial reporting for diversified portfolios. Read more: https://lnkd.in/dJUUCZbU Related material by LondonlovesBusiness.com. This post is brought to you by KoinX Books. Web3 Accountant highly recommends KoinX Books as your preferred professional cryptocurrency accounting solution.

Japan has long imposed some of the world’s steepest taxes on crypto gains—up to 55% under the progressive system. These high rates have driven investors offshore, discouraged active trading, and complicated tax reporting. To counter these issues, regulators are proposing a 20% flat tax by fiscal year 2026. The new framework would align digital assets with equities, add safeguards against insider trading, and make tax obligations far more predictable. The question is: Can this 20% flat tax truly fix Japan’s crypto tax problem? In my recent analysis for DeFi Planet, I discussed how Japan’s plans could fix its crypto tax rules. Read here: https://lnkd.in/dZWppbye

New U.S. Tax Guidance on Crypto — A Win for Digital Asset Holders The U.S. Treasury Department and IRS just issued interim guidance that could reshape how crypto is taxed at the corporate level. Under the update, unrealized (“paper”) gains and losses on digital assets will not be subject to the 15% Corporate Alternative Minimum Tax (CAMT) — a major relief for crypto-heavy firms. Why This Matters: • MicroStrategy (MSTR), with over 640,000 BTC, said it no longer expects to owe CAMT in 2026. • Coinbase (COIN) and other firms are seeing double-digit stock gains as markets react. • The change prevents companies from being forced to liquidate assets just to pay taxes on unrealized gains. • It reflects the Trump administration’s crypto-supportive stance and a shift toward more rational taxation of digital assets. Tax Takeaway: This is a strong step toward clearer and fairer crypto tax policy — especially after the Financial Accounting Standards Board (FASB) required companies in 2023 to record fair-value crypto changes in their income statements, unintentionally triggering CAMT exposure. As regulatory clarity improves and Bitcoin tops $120K, the message is clear: Tax policy is now as market-moving as monetary policy. 👉 For expert guidance on crypto accounting, CAMT, and digital asset compliance, visit www.bitcounts.org — your partner in simplifying crypto taxation. #CryptoTax #IRS #CorporateTax #CAMT #BlockchainPolicy #DigitalAssets #Coinbase #MicroStrategy #CryptoRegulation #BitCounts #CryptoAccounting #Web3Finance #TaxCompliance #CryptoPolicy

Startups Accepting Crypto? Here’s What You Need to Track More startups are now accepting crypto as payment or paying employees in digital assets. It's innovative — but it comes with serious accounting and tax implications. If you're building in Web3 or simply crypto-enabled, make sure you're tracking: ✅ Cost basis & fair market value at the time of each transaction ✅ Capital gains/losses on every asset movement ✅ Detailed records for audits and year-end reporting 📉 Skipping these steps can lead to compliance issues, misreporting, or worse — messy audits. Get it right early — and your future self (and your finance team) will thank you. 👉 For expert support with crypto accounting and taxes, visit www.bitcounts.org #Web3Startups #CryptoTax #CryptoAccounting #CryptoPayroll #FinOps #Startups #BlockchainBusiness #DigitalAssets #Compliance #TaxReady

89% of Crypto Investors Feel Confused About Paying Taxes Most investors focus on when to buy or sell. But very few think about how much they'll keep after taxes. That's where the big money is lost. 📊 Here's what you need to know about crypto taxes across Europe: 🇬🇧 UK: Over 6.3M adults own crypto, but many don't know about the new £3,000 capital gains allowance. 🇩🇪 Germany: If you hold crypto for 12+ months and profits are tax-free. Sell earlier, and you could owe up to 47.5% in taxes. 🇫🇷 France: A small €305 allowance applies, followed by a flat 30%, or up to 45% with progressive rates. 🇮🇹 Italy: The allowance jumped from €51.65 to €2,000 in 2025. 🇪🇸 Spain: Capital gains range from 19% to 28%. Staking and mining can be taxed as income up to 47%. Without knowing these rules, many investors lose thousands to the taxman. 🔹 Strategies like loss harvesting, spousal transfers, exemptions, and timing sales can help. 🔹 Tools like Blockpit automate reports and save hours of manual work. Don't let confusion eat your profits. 👉 Learn more in our recent article: https://lnkd.in/dqcfznx9

Compliance is not a filing task, it is an operating system. Investors and founders who treat tax as an annual event absorb the highest risk and the lowest ROI. Our recently-published article shows how to operationalize year-round crypto tax planning, including basis tracking that actually reconciles, written method elections that survive review, and entity design that maps to on-chain activity. If your books only reconcile at year end, you are already behind. Read the piece and then set up a quarterly compliance blueprint with Camuso CPA so your tax posture improves every month, not once a year. Link: https://lnkd.in/gTzASmaw

From miscategorized millions to reclaimed tax savings. Forbes recently featured Camuso CPA for a reason. We’ve rebuilt thousands of crypto portfolios into audit-ready financials. In one case, a client’s previous CPA botched $5M in token activity. We fixed it, recovered over $1M in taxes, and rebuilt the entire system to withstand scrutiny. These are not rare cases. They are a daily reality for HNW investors and builders operating in digital finance without the right team in place. If you're scaling in Web3, your tax strategy must scale with you. Let's get started before the next IRS cycle hits.

Software can reconcile transactions, and intelligence protects wealth. Most crypto tax tools stop at CSV outputs. ChainRecon starts where software ends, applying judgment to complex histories, wallet movements, wrapped assets, and cross-chain activity. In the new piece, we demonstrate why rule-based logic often misses edge cases, why lot relief and method elections must be appropriately documented, and how investor-grade workpapers can help reduce mismatch notices.  If your filings have drifted from on-chain reality, this is your map back to accuracy. 🔗 Read: ChainRecon, where crypto tax software ends and real tax intelligence begins Curious where your software stops and exposure starts? Ask us for a ChainRecon readiness review. https://lnkd.in/eV869YA2

From January 2026, HMRC will get crypto transaction data directly from UK exchanges and wallets under CARF. This is not a new tax. It is new visibility. If you hold or trade crypto in the UK, do these now: 1) Reconcile every wallet and exchange. Fix missing and duplicated entries. 2) Track disposals and cost basis. Remember CGT allowance is small and easy to exceed. 3) Log income events like staking, airdrops, mining, referrals. 4) Keep KYC info ready. Expect service providers to ask for full details. 5) If you have past unreported gains, use HMRC’s disclosure route before data starts flowing. Read our quick, practical guide with steps, checklists, and tools: https://lnkd.in/drENE7HF