Professional Accounting/Tax Advice

Offer workshops along with a tax resource to give projects the tools and advice needed to be financially aware and tax compliant

Accounting firm specialising in cryptocurrency, qualified accountants, in business for 8 years. Team holds crypto investments individually

Overview

• Workshop 1 - Basics of accounting and how crypto fits into that 
• Workshop 2 - Basics of crypto tax
• Workshop 3 - DeFi and complex crypto scenarios
• Workshop 4 - Company structures onshore and offshore - how to choose what is best for you and your project?
• Workshop 5 - International tax considerations with guest speakers
• Tax and Accounting resource guide for funded projects

Roadmap

• 3 months - Create a UK tax based resource for funded Project Catalyst proposers. Provide two workshops for funded proposers on the implications of taxation. Workshops 1 and 2
• 6 months - Help integrate resources that help with tax for different countries for other funded proposals. Workshop 3 - 5
• 9 months - Create tax and accounting resource guide for funded projects.
• 12 months - Repeat funding process through Project Catalyst if more workshops are needed

Team

• Myna Accountants - Leading UK accounting with international client base and team. 

• Joe David - Founder and MD
• Sophie MacDonald - Crypto Accountant
• Lois Naylor - Crypto Apprentice
• Ethan Boolkah - Crypto Accountant

Feasibility

• Accountant - Combined 20 years experience in accounting industry, ACCA qualified staff. 
• Crypto tax - Working with crypto clients for 3 years. Worked on over 50 individual tax returns so far and many more to be worked on over coming months. Also working with lots of crypto based businesses
• Experienced crypto investors so understand the mechanics of crypto and blockchain

Impact

• Saving funded proposers time and money to ensure they are set up in the most efficient way in order to maximise returns on project investment
• Reducing tax risk to ensure the funded projects are as compliant as possible
• Educating the community to ensure that funded projects return maximum impact to the community

Auditability

• Workshop will be recorded 
• Tax resources is open to the community to use as they want

KPIs

• Number of workshop attendees
• Number of people viewing tax resource

Budget

• 5 x 1 hour workshop - $5,000
• General Q/A availability - $1,000
• UK Tax resource - $4,000

Total: $10,000