Crypto Tax in the UK: Law, Calculations and FAQs
Cryptocurrencies have gained immense popularity in recent years, attracting both seasoned investors and newcomers to the world of DeFi (Decentralised Finance). Cryptocurrency is a digital or virtual form of currency typically decentralised through blockchain technology and operates independently of a central bank, making paying tax not as straightforward. As the adoption of digital […]
How Evalua8 approaches crypto bookkeeping
We shared our checklist of tips and tricks while doing crypto accounting in our blog post – Crypto bookkeeping – our unmissable 6-point checklist We have taken this a little further and shared a video that explains what we mean by our unmissable checklist. These processes have been iterated by Evalua8 over a period of […]
Are staking rewards taxable in the UK?
As crypto adopters would no doubt know, staking is a lucrative process you can undertake for your excess crypto holdings. Whether you are an individual or a corporate that has assets earning staking rewards, it’s worthwhile looking into available guidelines re how they are taxed. Staking takes place when you use crypto currency […]
Why is the finance function of holding companies so complex?
We’ve been working with holding companies since 2015; and can say with some conviction that yes the finance function for these can be incredibly complex. Regular book-keeping is much the same as for a regular stand alone entity but having other related companies in the mix brings the need for more diligence and process to […]
Crypto Accountant: The qualities every epic Web3 finance pro should have
Being a crypto accountant sounds rather cool. When we first got introduced to crypto back in 2018, many of us thought it was novel. There wasn’t a lot of information easily available – especially for things like crypto tax law and crypto accounting standards. In the last 3 years, this has changed massively. Our […]
Why is cashflow forecasting central to international SMEs?
Cashflow forecasting and getting it right is a real art. When you have more than one company in the mix, the complexity increases naturally. This is when you need to create a consolidate cashflow statement and forecast. Business owners cannot gauge runway for cash held or maintain a good treasury function unless they get into […]
Accounting for small businesses that have a presence in more than one country
Happy New Year everyone and as our first blog of 2024, we want to highlight a few points relating to multijurisdictional accounting for SMEs. If your small company has related companies or key stakeholders or even suppliers in places apart from the country of incorporation, this blog would be relevant for you. […]
Crypto accounting – the things we learned in 2023
It seems appropriate to pull together a post that captures our learnings from the very up and down 2023 we have seen so far. This was an interesting year in which we attended more Web3 events, understood that community is very important in the sector and also that there is more mainstream interest in crypto. […]
DAO to Foundation demystified – the essential components of a Web3 organisation
When we speak to people within Web3, it’s a given that most people understand some or the majority of community jargon. However, thinking beyond that space, people might be confused about what’s a DAO or a Foundation and what purpose do these companies actually serve. Here’s a beginners guide to the common structures within […]
Crypto bookkeeping – our free 6-point checklist to get your books in order
Ok, we’ve made that sound dramatic, but hey! in the fast paced world of Web3 and DeFi, some drama is merited? In the rapidly evolving landscape of Web3 and DeFi, navigating crypto bookkeeping for your company can be challenging. Most companies, especially small businesses also have a more standard side to their business – such […]