Camuso CPA PLLC

Cryptocurrency, Digital Asset & NFT Accounting Services

Accurate and timely accounting solutions for investors and digital businesses

Accurate and timely tax preparation from our experienced team ensures the best tax treatment possible

Strategic advisory and financial reporting to help improve profits and cash flows to grow your business

Receive expert tax advice from experienced cryptocurrency CPAs at a fraction of the cost of traditional advisory and accounting services

Tax & Accounting Trainings

Who do we work with?

We have experience serving the sophisticated and expanding needs of a wide range of institutional, corporate, high-net worth and individual clients

• Cryptocurrency, DeFi & NFT Investors
• High Net Worth Individuals
• Corporations with Crypto Holdings
• NFT Artists & Dealers
• Consultants and Advisors compensated in crypto
• Executives compensated with crypto and/or RTUs
• Crypto Gaming & Metaverse Paul is the managing partner of a successful bitcoin mining company that earned several million dollars in the year he engaged our firm for tax planning With our guidance, Paul reorganized his partnership to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $145,000 This tax savings will be generated each tax year going forward

Additionally, through our guidance, Paul gained confidence and clarity regarding accelerating the depreciation schedule for equipment and assets purchased for his company This led to an additional tax savings of over $1 4 million in the current tax year Identifying overlooked opportunities related to depreciation on prior year returns for two previous years led to an additional tax savings of over $950,000

William, a successful NFT artist earned several million dollars in the year he engaged our firm for tax planning With our guidance, William established an LLC to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $137,000 This tax savings will be generated each tax year going forward

Additionally, through our guidance, William established a proper accounting and tax projection system to keep updated financials and stay up to date with estimated IRS tax payments This enabled William to convert his tax liabilities from ETH to USD to pay the IRS before a significant market correction which would have required almost double the ETH to pay for the tax liability if he waited until after the market price of ETH dropped

Chad, a successful e-Commerce store owner earned several million dollars in the year he engaged our firm for tax planning With our guidance, Chad reorganized his LLC to be taxed as an S-Corporation which enabled him to reduce his tax liability by over $124,000 This tax savings will be generated each tax year going forward

Additionally, through our guidance, Chad learned about the Work Opportunity Tax Credit A few months after engaging our firm Chad hired two new employees which qualified for this credit for an additional $4,800 in tax savings

Jonathan is a successful cryptocurrency investor that profited several million dollars in the year he engaged our firm for cryptocurrency accounting Jonathan came to our firm after attempting to use several popular cryptocurrency accounting softwares which overstated his profits by multiple millions and also did not support many of the transactions and blockchains that he used Jonathan also received multiple inaccurate 1099s from exchanges that he used which did not properly report his cost basis Jonathan was active on approximately 15 exchanges and 25 wallets across 10 blockchains with transactions that included margin, several DeFi protocols and NFTs purchases Additionally, Jonathan’s transactions spanned from 2015 to the present

Our team was able to set up an accounting system for Jonathan and get his accounting from 2015 to present updated accurately We also were able to reconcile his activity properly to the incorrect 1099s and accurately report Jonathan’s activity to the IRS

After maintaining Jonathan’s accounting system for several months, we subsequently identified over $800,000 of loss harvesting opportunities that led to over $295,000 in tax savings

Nathan is a successful blockchain consultant and former executive at a major blockchain company that earned several million dollars from restricted token units and other payments received in cryptocurrency in the year he engaged our firm for tax planning Additionally, Nathan had a personal cryptocurrency portfolio with several million dollars of unrealized capital gains In total Nathan had approximately $3 5 million in unrealized cryptocurrency capital gains

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What client's have to say

"Excellent service with in-depth knowledge of every subject on which I required his advice He is timely, and reliable, and prioritizes his client's best interests "