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Accounting Questions & Answers
Explore community questions and practical answers about accounting.
Questions tagged Accounting
I've been running a small home mining setup (ASIC for BTC and some GPU for altcoins) throughout 2025. Rewards come directly to my wallet.
Are mined coins treated as miscellaneous income at FMV when received (even if I don't sell them), plus potential CGT on later disposal?
Also, can I deduct electricity costs, hardware depreciation, or home office portion as allowable expenses against the income?
I'm not trading as a business – just hobby-level. Any recent HMRC clarifications with the new reporting rules?
Would love tips on tracking this properly. Cheers!
I've done a lot of bridging this year (ETH → Solana, Arbitrum → Base, etc.) using official bridges and some DEX aggregators.
My tax software keeps treating bridge transfers as taxable disposals, which I know isn't correct in the UK (usually no gain/no loss if same asset).
Has anyone found a good way to clean this up? Manual CSV edits? Specific tools that handle bridges better?
It's turning into a nightmare trying to reconcile everything accurately before year-end.
Any tips much appreciated!
I keep everything on a Ledger hardware wallet and trade across multiple chains (ETH, Polygon, Solana, etc.).
Looking for tax software that integrates well with Ledger Live exports and handles UK capital gains rules properly (same-day/bed-and-breakfast rules, pooling, etc.).
I've tried CoinTracker and Accointing in the past, but ran into missing transactions on certain chains.
What are people using successfully in 2025 for accurate UK reports?
Bonus if it handles staking and DeFi reasonably well.
Thanks!