Crypto & Startup Accounting Services

Burkland provides comprehensive accounting, bookkeeping, and tax services designed specifically for venture-backed startups and crypto/blockchain companies. The firm partners with leading Web3 companies including Ava Labs, Doodles, Polymarket, World of Women, RTFKT, Bored Ape Yacht Club, and numerous other prominent crypto projects.

Crypto Accounting Infrastructure

Burkland implements comprehensive accounting systems for digital asset businesses, handling on-chain transactions, multi-wallet management, and crypto revenue recognition. The team maintains accurate books that properly reflect digital asset holdings, trading activity, staking rewards, and protocol economics.

Wallet Reconciliation: Meticulous reconciliation services for all crypto wallets and exchange accounts, tracking every transaction across multiple blockchains and ensuring complete accuracy between on-chain activity and accounting records. This includes reconciling flows through DeFi protocols, NFT marketplaces, and centralized exchanges.

Mark-to-Market Accounting: Handling mark-to-market entries for digital asset holdings, properly valuing crypto treasuries at each reporting period using appropriate methodologies and ensuring compliance with accounting standards.

Tax Lot Accounting: Sophisticated tax lot accounting systems track acquisition cost, holding period, and tax basis for every digital asset transaction - essential for accurate capital gains calculations and tax reporting.

Core Accounting Operations

Burkland manages day-to-day bookkeeping, month-end close processes, and preparation of complete financial statements including P&L, balance sheets, and cash flow statements. The team ensures books are maintained with precision and delivered on schedule for board meetings, investor updates, and strategic planning.

Revenue Recognition: Implementing proper revenue recognition policies tailored to each startup's business model, whether handling subscription revenue, transaction fees, or complex crypto revenue streams. Ensuring GAAP compliance and audit readiness.

Financial Systems: Burkland helps startups select and implement the right accounting platforms including QuickBooks, Xero, NetSuite, and Rillet, ensuring seamless integration and optimal workflow.

Scalable Infrastructure: Services scale from basic bookkeeping for early-stage companies to sophisticated multi-entity accounting for later-stage businesses with complex structures and international operations.

Tax Services & Compliance

Full-service tax preparation, compliance, and strategic planning tailored for venture-backed startups.

Tax Preparation: Complete federal, state, and local tax return preparation across all jurisdictions. Accurate, timely filing with compliance across all government levels.

R&D Tax Credits: One of Burkland's core specialties - the firm generates over $25 million annually in R&D tax credits for clients by documenting qualified research activities and preparing defensible credit claims. Includes support for the Payroll Tax Credit program allowing early-stage companies to offset payroll taxes with R&D credits.

Crypto Tax Compliance: Navigating the complex crypto tax landscape including capital gains on trading, income recognition for staking and mining rewards, NFT sales, DeFi protocol interactions, and cross-border transactions. The team stays current on IRS guidance and digital asset tax strategies.

Multi-State Compliance: Managing multi-state tax obligations including income tax, sales tax, and use tax compliance. Tracking nexus requirements and ensuring compliance across all jurisdictions.

Strategic Tax Planning: Proactive planning to minimize tax exposure, optimize entity structures, plan for equity compensation tax implications, and develop strategies for expansion or M&A.

Industry Expertise & Regulatory Compliance

Audit Preparation: Burkland prepares comprehensive documentation and works directly with external auditors to ensure smooth audit processes when startups require formal audits.

Regulatory Compliance: Helping crypto startups maintain compliance with requirements from SEC, FINRA, FinCEN, and global regulatory bodies. Ensuring proper financial reporting that meets both traditional accounting standards and emerging crypto-specific compliance requirements.

Industry Expertise: Specialized knowledge across startup sectors including SaaS, fintech, crypto/blockchain, and healthcare, understanding the unique accounting requirements for each industry.

Burkland's crypto and startup accounting services provide the financial accuracy and professional infrastructure that investors expect, while freeing founders to focus on building and scaling their core business.