HMRC ADVANCES FORWARD ON CRYPTO TRADING DISCLOSURES
As the Crypto currency industry grows exponentially you may be congratulating yourself for being in the right place at the right time. However, traders who saw investment values rocket may soon be in for a shock. HMRC have taken a keen interest and are working hard to regulate the complex industry through Crypto tax enforcement, with strict penalties being imposed for non compliant individuals who fail to disclose earnings.
Why hide your profits when you could be enjoying them?
Fancy a new car, a new house or a luxury holiday?
Let us sort out your Crypto Tax while you sort out your plane tickets!
We will handle HMRC while you enjoy life!
3 SIMPLE STEPS TO RELIEVE TAX WORRIES & STAY COMPLIANT
Communication is key to success
1. BOOK YOUR FREE CALL
ITS GOOD TO TALK! BOOK YOUR DISCOVERY CALL WITH OUR EXPERT TAX ADVISORS TO HELP UNDERSTAND YOUR REQUIREMENTS & HOW WE CAN HELP YOU.
2. COLLECT INFO FROM YOUI
WE WELCOME YOU ONBOARD AS A CLIENT & GO THROUGH DATA COLLECTION PROCESS TO COMPILE YOUR CRYPTO TAX RETURNS. RELAX & LEAVE THE HARD WORK TO US!
3. COMPLETE & COMPLIANT
WE'VE ASSESSED, ADVISED & OPTIMISED YOUR TAX POSITION, SAVED YOU LOADS OF TAX & FILED YOUR CRYPTO TAX RETURN. CONGRATULATIONS, YOU ARE NOW LEGALLY TAX COMPLIANT & OFF HMRC'S RADAR!
The most common misconception surrounding the declaration of cryptocurrency is that you only report earnings once you have sold crypto assets.
NOT TRUE, Any of the following events could require disclosure on a tax return:
If you have sold crypto for money, exchanged crypto for another crypto, used crypto to pay for good/services, given away crypto to someone, donated crypto to charity, or earned any income through cryptocurrency.
WE'RE PASSIONATE ABOUT HELPING FELLOW INVESTORS TO ENJOY THE FRUITS OF THEIR INVESTMENTS WHILE STAYING LEGAL!
Getting in touch with us early is vital so we can develop strategies to help reduce your overall tax exposure and avoid large penalties for non compliance. Remember, you can’t go back and save tax on transactions that have already occurred in previous tax years, but you can look to reduce your tax burden going foward and avoid paying higher rates of tax. We can help minimise your tax bill using harvesting techniques and other strategies so you’re not paying any more than you need to, whilst ensuring you’re fully and legally compliant.