Independent crypto tracing & verification for accountants
We assist accountancy firms with source of funds verification, crypto asset valuations, HMRC disclosures, and audit support — providing clarity and compliance in an evolving digital asset landscape.
Crypto & modern accounting
Unclear client portfolios
Many clients underreport or fail to properly disclose their crypto holdings. Accountants are left with incomplete or unreliable information.
Tax & regulatory pressure
HMRC now requires UK taxpayers to declare crypto disposals under Self Assessment, and from 2025/26, gains and income from crypto will be reported under a dedicated HMRC “cryptoassets” section. Failure to disclose can result in penalties and interest.
Global transparency rules
The OECD’s Crypto-Asset Reporting Framework (CARF) will soon apply internationally, requiring exchanges and wallet providers to automatically share transaction data with tax authorities — meaning hidden or undeclared crypto is becoming harder to conceal.
Complex record-keeping
Raw wallet CSVs, offshore exchanges, and undeclared wallets make reconciliation and audit support challenging without expert help.
Training Sessions for Accountants
Crypto is no longer niche – it’s fast becoming part of everyday client work. To help accountants stay ahead, we deliver training sessions designed specifically for accountancy firms.
Our workshops cover:
- Crypto tax treatment – CGT, income tax, staking, mining, airdrops, and HMRC’s new Self Assessment rules.
- Practical record-keeping – managing wallet CSVs, reconciling blockchain data, and preparing year-end accounts.
- Regulatory updates – CARF, DAC8, and HMRC disclosure requirements.
- Risk & compliance – detecting hidden wallets, suspicious activity, and links to sanctioned entities.
Sessions are interactive, giving your team the confidence to handle crypto issues in audits, tax filings, and client advisory work.
Our solution: tracing services for accountants
We provide accountants with specialist crypto tracing and verification tools that transform raw blockchain data into clear, defensible evidence.
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Source of funds verification
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Wealth reconstruction
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Crypto asset valuation reports
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Transaction history clean-up
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HMRC disclosure support
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Audit support
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Cross-border tracing
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Regulatory compliance checks
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Hidden wallet detection
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Crypto-to-fiat reconciiations
How our process works
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1. Case review
We assess the client's records, wallet data and available documentation.
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2. Forensic tracing
Using advanced blockchain tools, we verify fund origin, reconstruct holdings, and trace offshore or hidden wallets.
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3. Independent reporting
We produce clear, compliant reports suitable for audits, HMRC disclosures, or litigation.
Why Accountants Choose WRS
- Independent expertise – SRA regulated solicitors combining legal knowledge with advanced crypto tracing skills.
- HMRC disclosure support – forensic evidence packs to assist with voluntary disclosures, enquiries, and compliance reviews.
- Clear, court-ready reporting – reports tailored for accountants, auditors, and regulators.
- Proven multi-disciplinary experience – supporting cases across divorce, insolvency, probate, and complex tax matters.
- Specialist training – workshops to equip accountancy teams with the tools to handle crypto confidently.
Frequently Asked Questions
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What are HMRC’s new rules on crypto?
Cryptoassets are subject to Capital Gains Tax when disposed of, and Income Tax when received (e.g. staking, mining, airdrops). From 2025/26, a dedicated “cryptoassets” section will appear in Self Assessment.
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What if a client has undeclared crypto?
We assist with voluntary disclosure, preparing forensic evidence packs showing accurate gains/losses to reduce penalties and interest.
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Can you help with audits?
Yes. We verify on-chain balances, reconcile exchange statements, and prepare valuation reports for statutory audits and year-end accounts.
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Do you cover international obligations? (CARF/DAC8)?
Yes. We advise on how global reporting frameworks may impact UK taxpayers and cross-border clients.