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Author: Admin | 2025-04-28
Prepare and file your annual accounts and Company Tax Return, this could be in the form of:cash books, orders and delivery notesinvoices, contracts, salesbank statements and correspondenceUsing Recap for Companies can simplify tracking your crypto transactions and calculating your tax position, making it easier to prepare accurate reports for HMRC. You’ll also find other accounting software that can help keep track of traditional finance business expenses and accounts.Buying crypto as a Limited CompanyIf you're looking to invest in cryptocurrency as a limited company, the process is very similar to how you'd buy crypto as an individual. The key difference is that you'll be making the purchase on behalf of the company, so the crypto will be treated as a company asset. To do this:Open a business account on a crypto exchange: Make sure the exchange allows corporate accounts, as some exchanges only support personal users. Coinpass and Kraken are some of the most popular exchanges for companies in the UK, both approved by the FCA.Set up a crypto wallet: A business wallet, often a multi-signature wallet, is recommended for security. Ensure your chosen wallet is compatible with your company’s needs, such as whether it's accessible for short-term trading or more suitable for long-term holding.Record transactions: As with all financial transactions, you must keep a record of any crypto purchases, including the price and date of the transaction, for tax purposes.Trading crypto through a Limited CompanyCrypto trading through a limited company works in much the same way as personal trading, but the tax treatment differs. Profits from trading may be subject to corporation tax rather than capital gains tax. Here's how to trade as a company:Establish a trading strategy: Whether day trading or holding crypto long-term, ensure your strategy aligns with your company goals.Use appropriate tracking tools to account for all trades: Track all your trades and provide real-time reporting for tax purposes. Each trade must be recorded, including the buy/sell price, fees, and dates, to meet HMRC requirements for filing annual accounts and tax returns.Crypto mining through a Limited CompanyIf you're engaging in cryptocurrency mining through a limited company, the
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