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Author: Admin | 2025-04-27
The company's financial performance, ownership, and key personnel, which may not be desirable for privacy reasons.Changing tax laws: what is currently a tax-efficient structure may not be as advantageous in the future if tax regulations change.It’s crucial to consult with a qualified tax advisor or accountant who can assess your specific situation and provide guidance tailored to your needs. The choice of structure should take into account factors such as the scale of the operation, long-term goals, and the potential for regulatory changes in the cryptocurrency industry.To learn more about reducing your crypto tax liability, check out some of the strategies in our recent article Can you avoid paying tax on crypto in the UK?Understanding the tax due on your cryptocurrency mining can be complex and time consuming. This is where crypto tax software like Recap can help! Once you have added your crypto data, Recap automatically calculates your income tax and capital gains tax and generates a crypto tax report for you. You can use this to file your tax return yourself or if you use an accountant then you can pass this report to them or invite them to share your Recap account.How Recap works for cryptocurrency minersRecap makes calculating any tax due on your cryptocurrency mining income simple. Connect the account receiving rewards or add a CSV into your Recap account and our crypto tax calculator automatically values the income and works out your income tax liability. When you dispose of the asset Recap also calculates the
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