As your long-term Web3 accounting partner, we act as your full-service accounting department. Our Web3-focused Square Mile accounting team is made up of Financial Controllers, CPAs, and Accountants who understand your business and work with you to develop accounting processes tailored to your business.
Expert Web3, Crypto & DeFi Accountants
We are supporting some of the most groundbreaking Web3 and tech startups, such as Medallion Arts, a Web3 technology that helps artists launch digital worlds to expand fan participation, actionable insights, and economic potential. The biggest names in music will be ushered into a new digital era by their team of industry veterans leveraging this new technology.
Cleanup & Setup
After analysing your Web3 accounting infrastructure, we recommend/setup tools and processes that will help your startup scale and grow.
Funding Support
Besides helping you keep clean, audit-ready books, we provide robust financial reporting and assist you in raising money and dealing with your board.
KPI Tracking
From digital asset tax liabilities to cash flow, we help you better understand the economics of your Web3 business.
We Scale With You
We act as your full-service accounting firm, growing with you over time
“Starting from scratch, Square Mile quickly created a robust finance function for us with timely and accurate reporting. They have become a trusted advisor on tax, compliance, and international accounting issues, and they continue to anticipate the needs of our growing business.”
Medallion Arts Limited
We offer:
Tech Stack Implementation
Outsourced Bookkeeping
Accounts Payable
Outsourced CFO/ Virtual FD
Ongoing Tax Liability Analysis
Expense Reimbursement
Accounts Receivable
Budgeting
EIS & SEIS
R&D Tax Credits
Help for individual crypto investors
Funding Preparation
Year-end tax filings
And more!
How are cryptocurrencies and cryptoassets taxed?
It is the lack of specific crypto tax legislation that is the biggest problem. As a result, profits in the UK are taxed differently based on a taxpayer’s actions and circumstances. Buying, selling, and acquiring cryptocurrencies will involve capital gains tax, income tax, and inheritance tax. Do you have questions about crypto tax, such as:
- Cryptocurrency and Capital Gains Tax
- When does a cryptoasset become liable?
- Cryptocurrency and Income Tax
- Employee Remuneration
- Trading
- Mining of Cryptoassets
- Airdrops
- Cryptoassets and Inheritance Tax
- Staking
Request a Proposal
We are here to help! Our team of crypto accountants will make sure you’ve got your taxes and books in order so that all eyes can focus on the latest investment about to take off.
About Square Mile
We combine technology and innovation to help our clients transform and grow. We help a wide range of clients all over the UK to solve their most challenging problems, from start-ups to multinationals. Square Mile was shortlisted at the British Accountancy Awards way back in 2016 already, for “Most Innovative Practice”. Square Mile is backed by the expertise of David Gormer, who founded the firm after many years at Deloitte, Deutsche Bank and Merrill Lynch.
