Crypto Tax & Accounting Services

Crypto Tax & Accounting Services

OnChain Accounting

Service Overview

OnChain Accounting (OCA) provides comprehensive crypto tax and accounting services for individuals and businesses with digital asset holdings. Based in New York City, the firm delivers end-to-end financial services including tax preparation, bookkeeping, reconciliation, CFO services, and specialized DeFi/NFT accounting.

Core Service Components

Tax Preparation & Planning

Crypto Tax Returns: Complete preparation of federal and state tax returns for cryptocurrency investors and traders.

Tax Planning: Strategic planning to optimize tax outcomes before year-end, including harvesting strategies and timing considerations.

IRS Compliance: Ensuring proper reporting on Form 8949, Schedule D, and crypto-specific disclosures.

Multi-Jurisdiction Filing: Handling state tax requirements across multiple jurisdictions.

Bookkeeping & Reconciliation

Transaction Tracking: Comprehensive tracking and categorization of all crypto transactions across exchanges, wallets, and protocols.

Wallet Reconciliation: Matching on-chain transactions with exchange records and resolving discrepancies.

Cost Basis Calculation: Accurate cost basis determination using appropriate accounting methods (FIFO, HIFO, Specific ID).

GAAP Records: Maintaining generally accepted accounting principles compliant financial records.

CFO Services

Financial Strategy: Strategic financial planning and analysis for crypto businesses and treasuries.

Cash Flow Management: Managing fiat and crypto cash flows for operational efficiency.

Investor Reporting: Preparation of financial reports for board members, investors, and stakeholders.

Financial Analysis: Analysis of financial performance and key metrics.

DeFi & NFT Accounting

DeFi Transactions: Proper categorization and accounting for swaps, staking, lending, liquidity provision, and yield farming.

NFT Accounting: Purchase, sale, royalty, and creator income accounting for NFT transactions.

Protocol Interactions: Tracking complex interactions across multiple DeFi protocols.

Airdrops & Rewards: Proper income recognition for airdrops, staking rewards, and protocol distributions.

Why Crypto Users Need This Service

Crypto accounting is uniquely complex due to:

• High transaction volumes across multiple platforms
• Complex DeFi activities with unclear tax treatment
• NFT transactions requiring specialized handling
• Frequent regulatory changes and reporting requirements

Most general accountants lack the specialized knowledge to properly handle crypto transactions, often resulting in overpaid taxes or compliance risks.

Target Clients

• Crypto investors with significant holdings
• Active DeFi users with complex transaction histories
• NFT traders and creators
• Web3 businesses requiring bookkeeping
• Organizations needing fractional CFO support
• Anyone facing IRS inquiries about crypto

Service Differentiators

Full-Service Provider: Complete accounting services from reconciliation through tax filing and CFO strategy.

DeFi/NFT Expertise: Deep specialization in complex protocol interactions general accountants mishandle.

US Tax Focus: Thorough understanding of federal and state crypto tax requirements.

End-to-End Support: Single point of contact for all crypto accounting needs.