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10 Oct 2024
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Your preferred Blockchain, Web 3 & Crypto-assets accountant
The accountant plays a vital role in the world of blockchain, Web 3, and crypto-assets. They ensure the effective accounting management of cryptocurrency transactions, verify that each operation complies with tax regulations, and audit blockchain-based systems. They help you integrate these modern technologies to optimise their processes. In an ever-evolving financial environment, this guarantees transparency, security, and compliance.
Our sector-specific support
At FOX AUDIT, we have been supporting you since 2017 in the rapidly expanding world of blockchain, crypto assets, Web3, and NFTs. We provide rigorous accounting management of your cryptocurrency transactions and ensure compliance for your ICOs.
As certified accountants, we also manage your financial statements, general accounting, and tax filings, while offering strategic advice for a successful digital transformation.
1
Trading
With FOX AUDIT, you receive rigorous financial management of your cryptocurrency transactions thanks to our expertise. We offer services for accounting operations, performance analysis, and tax compliance to optimize your results.
2
Investment and portfolio management
With FOX AUDIT, you maximize your cryptocurrency investments through in-depth financial analysis. We manage your portfolio’s accounting, conduct regular valuations, and ensure precise tax compliance for optimal management.
3
NFTs
With FOX AUDIT, NFT professionals and digital creators benefit from specialized accounting and financial support. We ensure rigorous management of your revenues, optimal tax compliance, and a strategic approach to support your growth in the world of crypto assets.
4
ICO
With FOX AUDIT, your ICO fundraising is managed efficiently. We provide expertise in accounting for raised funds, analyzing financial flows, and complying with tax requirements.
5
Mining
With FOX AUDIT, you optimize the financial management of your mining activities with our expertise. We account for your mining revenues, analyze energy costs and equipment depreciation, while ensuring tax compliance to maximize profitability.
6
Compliance and regulation
With FOX AUDIT, we help you comply with MiCA and PSAN regulations thanks to our sharp expertise. We guide you through KYC/AML and tax requirements while providing top-tier legal support through our highly qualified partners.
7
Trainers and influencers
With FOX AUDIT, trainers and influencers in the blockchain and crypto asset sectors benefit from expert accounting and financial management. We guarantee rigorous tax compliance and resource optimization, allowing you to focus on sharing knowledge and expanding your influence.
Our crypto references
We have a diverse and recognized clientele in the blockchain, Web3, and crypto asset sectors, offering solutions tailored to their specific needs.
Our expertise
NFT Project Management and Tracking
Complete accounting and financial tracking for your NFT projects, from creation to valuation.
Crypto consulting for mining, DAPPs, HF trading, and funds
Tailored expertise for crypto entrepreneurs: mining, DAPPs, HF trading, arbitrage, and crypto funds.
Accounting valuation of crypto gains
Precise accounting valuation of your realized or unrealized crypto gains.
Tax optimization and crypto declarations
Optimize your taxes with our simulations and precise, tailored tax declarations.
Audits and support during tax audits
Complete tax audits and support during inspections for seamless compliance.
Crypto portfolio reconstruction and valuation
Reconstruction and multi-year valuation of crypto portfolios, multi-wallet, high-frequency trading.
ICO support and whitepaper consulting
Preparation of essential documents and whitepaper consulting for your ICO.
Smart contract audits and token valuation
Precise token valuation and technical smart contract audits to ensure their security.
ICO due diligence and whitepaper review
Thorough audit and detailed whitepaper review to secure your projects.
Securing digital assets
Protect your digital assets with our security service and role as a trusted third party.
Intra- and inter-company crypto training programs
Specialized crypto-accounting training for small businesses (SMEs) and micro-enterprises.
Understanding the challenges of Blockchain, Web3 & Crypto Assets
The blockchain and Web3 sector poses major challenges. FOX AUDIT guides you through compliance, security, valuation, and more to secure your projects.
Compliance
Ensure accounting and tax compliance for your blockchain projects with our expertise to avoid regulatory risks.
Security
Protect your digital assets through our financial and technical audits, ensuring secure risk management.
Valuation
Maximize the valuation of your crypto assets, whether they are latent or realized gains, with rigorous financial analysis.
Optimization
Improve your financial performance by optimizing the accounting and tax aspects of your blockchain and Web3 investments.
Innovation
Integrate innovative accounting solutions to support the growth of your Web3 projects while ensuring solid financial management.
Regulation
Navigate the complex regulatory framework with our support to maintain compliance and protect your investments.
Transparency
Enhance the transparency of your operations with precise financial reporting and clear accounting, tailored to current standards.
A team ready to address the challenges of a complex ecosystem
Arié Barukh
Partner
Jeremy Lellouche
Founding Partner
We welcome you to our offices
Access digital resources to optimize your management
Our firm offers dematerialized tools specifically designed for blockchain, Web3, and crypto asset actors to facilitate their accounting management and optimize performance.
We answer your questions
What legal structure is best suited for a blockchain project?
The choice of legal structure depends on the nature of your project, the partners involved, and the financial needs. SAS and SARL, which are commercial companies, are often preferred for their governance flexibility and fundraising capabilities. The SAS, in particular, allows for attracting investors through the creation of different categories of shares. Sole proprietorships may be suitable for smaller projects but offer less protection for personal assets. Significant tax differences also exist between various options.
How should cryptocurrency transactions be accounted for?
Cryptocurrency transactions should be recorded at their fair value in euros at the time of each transaction. This valuation is done using the cryptocurrency's exchange rate at the time of the transaction. For businesses, gains or losses resulting from price fluctuations must be recorded in the profit and loss statement, and precise tracking of fluctuations is essential for accounting compliance.
What are the main tax challenges related to crypto?
Profits from cryptocurrencies are subject to income tax under the capital gains regime or corporate tax if the activity is conducted through a company. The flat tax rate (PFU) of 30% generally applies, but specific regimes may be chosen depending on needs. Companies must declare their gains, losses, and cryptocurrencies held, in accordance with tax regulations.
How does VAT apply to crypto transactions?
VAT applies to crypto transactions when they are conducted as part of an economic activity, such as the sale of goods or services. VAT generally does not apply to simple crypto purchases or sales, as these are considered currency exchange operations. However, specific cases, such as ICOs or NFTs, may be subject to VAT. Proper tax advice is crucial to avoid any compliance risks.
What are the challenges of opening a bank account for a blockchain company?
Opening a bank account for a company operating in the blockchain ecosystem can be complex due to compliance requirements and the perceived high risks associated with the sector. Banks may be reluctant to accept such clients due to the volatility of cryptocurrencies and regulatory uncertainty. It is recommended to prepare a solid file, including a detailed business explanation, KYC/AML procedures in place, and financial projections. Collaborating with a bank specializing in the sector or exploring alternative banking solutions, such as neo-banks or dedicated banking services for blockchain companies, may be a viable option.