Cryptocurrency Accounting


Get reliable tax preparation and accounting services for digital and virtual currency transactions from our knowledgeable and experienced team. Whether you're a small business owner accepting cryptocurrencies or an individual investor, we ensure compliance with complex tax regulations, offer cryptocurrency advisory, and provide comprehensive accounting and reporting services to meet your needs.

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Tax Preparation and Accounting Services for Digital and Virtual Currency Transactions

The rise of cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, and Dogecoin presents many challenges for businesses. Among them are finding a tax preparation and accounting firm that is knowledgeable - and experienced - in taxation issues, and laws and regulations are constantly evolving.  

Taxation of Digital and Virtual Currency

Cryptocurrency is a form of digital or virtual payment or currency that can be exchanged online for goods and services. These exchanges use a secure computer technology platform called blockchain to validate and record transactions digitally on a digital ledger.  

Because the IRS defines virtual currency as a digital representation of value, it is treated as property for tax purposes. Therefore, whether you experience a gain or loss, it must be reported on Schedule D of IRS Form 1040. Long-term gains (assets held more than 12 months) are subject to capital gains tax rates, whereas short-term gains of less than 12 months are taxed as ordinary income.  

Comprehensive Cryptocurrency Tax and Accounting Services

Tax and Accounting Professionals like us have the knowledge and expertise you need to ensure compliance with a complicated set of rules. Whether you are a small business owner who accepts digital and virtual currency as payment for goods and services or an individual investor, we can help.  

Here’s what we can do for you:  

  • Prepare cryptocurrency tax returns
  • Amend prior-year tax returns to reflect digital currency transactions
  • Ensure compliance with local, state, and federal tax regulations  
  • Ensure compliance with international regulations, if applicable, such as FBAR (FinCEN Form 114) and IRS Form 8938
  • Provide accounting and reporting services for companies that use digital currency
  • Assist in the valuation of digital currencies
  • Cryptocurrency advisory and consultation  

A Cryptocurrency Firm You Can Count On  

The rules surrounding the reporting and taxation of cryptocurrency are complex, but we are here to help you every step of the way. If you have any questions or would like additional information about cryptocurrency tax and accounting services, please give us a call or contact us using the form below.

Our Extensive Accounting Services

Are you a hands-on business owner that needs a professional to double-check their books? Do you need someone to handle your company's accounting tasks entirely? Our accounting firm can provide you with as much or as little assistance as you need. We're more than happy to provide insight and answer questions respectfully and thoughtfully.

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Business Services

B&G Tax Solutions offers comprehensive business services, providing expert tax solutions, financial advisory, and accounting support to help businesses thrive, minimize tax burdens, and maximize their bottom line.

Cryptocurrency Accounting Services

B&G Tax Solutions offers specialized cryptocurrency accounting services, providing businesses and individuals with expert guidance on tax compliance, accurate reporting, and strategic financial planning in the dynamic world of cryptocurrencies.

Tax Services

B&G Tax Solutions provides reliable and comprehensive tax services, catering to the needs of businesses and individuals, ensuring compliance with tax regulations, maximizing deductions, and optimizing tax strategies to achieve financial goals.

Quickbooks Services

B&G Tax Solutions offers expert QuickBooks services, assisting businesses with seamless setup, optimization, and ongoing support, enabling them to efficiently manage their finances and streamline their accounting processes.


B&G Tax Solutions serves a wide range of industries, including healthcare, manufacturing, technology, retail, hospitality, and more, providing tailored accounting, tax, and financial solutions to meet the unique needs and challenges of each sector.

Visit B&G Tax Solutions

We offer virtual services, no matter where you are in the United States. If you would prefer to visit our office, here is our information.