bitcoin for small business.

Bitcoin and other cryptocurrencies are increasingly part of the financial landscape whether through client payments, investment, or business innovation. But understanding how to handle Bitcoin from an accounting and tax perspective can be daunting.

At Fiscally, we help UK-based small businesses navigate the complexities of Bitcoin with clarity, compliance, and confidence.

What We Offer

Bitcoin Education for Business Owners.

We provide straightforward, jargon-free guidance to help you understand:

  • What Bitcoin is and how it works in the context of business

  • Wallets, exchanges, and custody best practices

  • Risks and considerations when accepting or holding Bitcoin

  • How to assess if Bitcoin makes sense for your business

Whether you're just getting started or already using Bitcoin, we tailor education to your level of experience.

Business owner reviewing bitcoin transactions for a set of financial statements and a corporation tax computation report

Accounting for Bitcoin Transactions

Cryptocurrency is treated as an intangible asset under UK accounting standards. That means:

  • Every Bitcoin transaction must be recorded in GBP at the time of the transaction

  • Gains or losses due to value fluctuations may need to be reported

  • Accurate record-keeping is essential

We’ll help you:

  • Track Bitcoin transactions accurately using cloud accounting tools (like Xero)

  • Reconcile crypto wallets and exchange accounts

  • Handle accounting entries for payments, investments, or trading activity

  • Ensure that your Bitcoin use complies with UK GAAP and HMRC guidance

Tax Advice on Bitcoin for UK Small Businesses

Cryptocurrency taxation is a rapidly evolving area. We stay up-to-date so you don’t have to. Our services include:

  • Guidance on how HMRC treats Bitcoin (capital gains, income, or trading)

  • VAT implications of accepting Bitcoin as payment

  • Tax planning and compliance for crypto-related activity

  • Preparing for audits or disclosures involving crypto assets

Whether you’re accepting Bitcoin, holding it on your balance sheet, or using it in daily operations, we help you stay compliant and avoid costly surprises.

Who This Is For

Our Bitcoin services are designed for:

  • Freelancers and sole traders accepting crypto payments

  • Limited companies holding or investing in Bitcoin

  • Start-ups building on blockchain or Web3

  • Ecommerce businesses offering Bitcoin as a payment method