Our Crypto Services | Wright Vigar

SERVICES

Cryptoassets

We are one of the leading cryptoasset UK accountants and tax advisors, working closely with Recap to help you understand and comply with the accounting and taxation obligations of your cryptoassets.
  • Specialist advice from qualified professionals experienced in cryptoasset taxation and accounting.
  • In-depth industry expertise to help you comply with your tax and accounting obligations and plan to maximise your wealth in evolving technology and fast moving markets.
  • A quality service that you can trust and have confidence in.
crypto

Service Details

In addition to helping you meet your compliance requirements, we can also offer tax planning advice to help you understand the tax implications of contemplated transactions and minimise future tax obligations.

Wright Vigar is an active member of Crypto UK, the UK’s self-regulatory trade association representing the cryptoasset sector. We are part of Crypto UK’s Tax Working Group to keep us at the forefront of the ever-emerging tax regime for cryptoassets.

How we can help?

The advice and support we can offer is bespoke and tailored to your specific needs. Our service range includes:

Personal tax compliance

  • Personal tax returns – Preparation of returns including crypto capital gains and income
  • HMRC Voluntary disclosures – Disclosure of prior years’ gains and income from cryptoassets
  • Capital loss claims – Claiming capital losses arising from cryptoassets in prior years, to allow them to be offset against your future capital gains
  • HMRC investigations – Advice and full handholding throughout
  • Tax Investigation Service – Personal tax return clients eligible for this service to cover our professional fees for assisting with HMRC Investigations

Personal tax advice and tax planning

  • Ad-hoc tax advice – Regarding the tax treatment of specific cryptoasset transactions or income streams
  • Annual tax planning – For income tax and pension optimisation
  • Transactional tax planning – To understand the tax implications and minimise the tax for contemplated transactions (ie a large crypto gain)
  • Financial trading or investment? – Advice on the tax treatment of your crypto activity
  • Limited company or sole trader? – Tax advice on the most appropriate tax vehicle for a cryptoasset business
  • Hold cryptoassets personally or via an investment company? – Tax advice on the most appropriate tax vehicle for a cryptoasset investments
  • Non-Residents Advice – Tax advice for non UK tax residents coming to the UK or UK tax residents contemplating leaving the UK and the interaction with the taxation position of their cryptoassets
  • Succession planning – Tax advice for passing on your assets (incl crypto) whilst minimising Inheritance Tax; including use of trusts or companies to hold your cryptoassets.

Company accounting and tax compliance

  • Book-keeping – Let us take the strain of writing up the books to ensure your accounts, tax and VAT deadlines are always met
  • Annual accounts and corporation tax return – Full compliance with Financial Reporting Standards and tax legislation
  • Audit – Where required, or voluntarily for investor assurance
  • Payroll – Including auto-enrolment pension
  • VAT returns – Including registration, choice of VAT schemes and compliance with Making Tax Digital
  • Cloud accounting solutions – Choice of software (ie Xero, Quickbooks & Receipt Bank), implementation, training and ongoing support.
  • P11D’s – Declaring employee perks and benefits
  • Share scheme returns – Annual declaration to HMRC of shares acquired by employees and directors (via formal share scheme or otherwise)
  • Grant claim audits – To provide assurance for grant funders, such as Innovate UK
  • Company secretarial – Companies House confirmation statements, board minutes and dividend vouchers
  • Tax Investigation Service – Provide cover for our professional fees for handling HMRC investigations on your behalf into areas including PAYE, VAT, NMW, corporation tax and directors’ personal tax returns.

Company tax, strategic and financial planning

  • Business start-up advice – Advice on the best structure, assist implementing accounting systems and processes
  • Research & Development claims – Often generating much needed cash refunds from HMRC for tech start-ups
  • Off payroll working (IR35) – Ensure you understand and meet your obligations when using contractors or are working for others on a sub-contract basis
  • Banking and finance raising – Business plans, advice and cashflow forecasting, negotiating with lenders
  • Corporate finance – Assisting with company acquisitions, mergers, restructuring, MBO’s, fund-raising (incl SEED EIS & EIS)
  • Strategic advice for the board
  • Share schemes/employee incentives – Advice, implementation and share valuation
  • Specialist IT consultancy – Including cyber security audits, business process review, system integration and project management

CRYPTOASSETS

Specialists

Louise Lane

Senior Tax Manager

Lincoln

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Jack O’Hern

Director

Lincoln & London

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Darren Calvert

Manager

Lincoln

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Cryptoassets

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