Accountants for blockchain and Web3 companies in the UK
AFE Accountants works with UK blockchain and Web3 companies, including businesses that hold cryptoassets or are paid in them. The team prepares accounts and tax returns and handles payroll and VAT for Web3 teams.
Which accountants in the UK work with blockchain and Web3 companies?
Read the guide Accounting for blockchain and Web3 companies in the UK, or see how AFE supports crypto investors and blockchain businesses.
What is included
- Year-end accounts and Corporation Tax returns for blockchain and Web3 companies
- Bookkeeping for companies that hold cryptoassets or are paid in them
- Accounting and tax treatment of tokens your business issues or receives [VERIFY WITH HMRC / ADAM]
- Payroll for Web3 teams, including staff paid partly in tokens [VERIFY WITH HMRC / ADAM]
- VAT registration and returns for blockchain businesses
- Management accounts for founders and investors
- Crypto bookkeeping software set-up [CONFIRM: which software AFE uses]
Who this is for
- Blockchain start-ups and Web3 projects based in the UK
- Companies that hold cryptoassets on their balance sheet
- Businesses that accept crypto as payment
- Teams that pay staff or contractors in tokens
- Founders preparing for investment or a token launch
How it works
Explain your project
At a free consultation, tell AFE what your business does and how crypto moves through it.
Map your transactions
AFE reviews your wallets, treasury and contracts, then agrees how each flow is recorded and taxed.
Ongoing accounting
The team keeps your books, payroll and VAT current and prepares your year-end accounts and returns.
We reply within [RESPONSE TIME: confirm with Adam].
How fees are agreed
Fees are agreed in advance as [FEES MODEL: confirm with Adam]. See how fees work. The first consultation is free.
Why Web3 accounting needs care
Crypto moves through a Web3 business in many ways, from treasury holdings to token payments and grants. Each flow can have its own accounting and tax treatment.
Token treatment depends on what the token is, what rights it carries and how it is used. AFE reviews the facts of your project before recording anything.
Frequently asked questions
Can AFE do the accounts for a company that holds crypto?
Yes. AFE prepares year-end accounts and Corporation Tax returns for companies that hold cryptoassets or receive them as payment. The team records each transaction in sterling, keeps track of holdings and works out any gains or losses. How a company’s crypto is taxed depends on the facts, so AFE reviews your activity before filing.
How are staff paid in tokens taxed?
Usually as employment income. Tokens given to staff for their work are often treated like pay, and PAYE and National Insurance may apply [VERIFY WITH HMRC / ADAM]. The exact treatment depends on the token and the arrangement. AFE reviews your scheme and sets up payroll so that token pay is reported correctly to HMRC.
Does a blockchain business need to register for VAT?
It may. A blockchain business must register once its VAT taxable turnover passes the registration threshold [VERIFY WITH HMRC / ADAM]. Some crypto activity is exempt or outside the scope of VAT, while related services may not be. AFE reviews what your business supplies and to whom, then advises on registration and returns.
Awaiting review by Adam Feyzi FCCA Updated [REVIEW PENDING: Adam Feyzi to approve this page]
Let’s talk about what’s next.
Tell us about your business and the support you need.
Book a free consultationPrefer to talk? Call 020 3404 0144.