New alternative currency to replace all other forms of fiat? Infinity 22 can assist you. Cryptocurrency transactions deemed for business will see your losses limited and taxed accordingly, whether purchased as a personal use asset or not. Give the team at Infinity 22 a call today to find out how they can help maximize your profits!
Infinity 22 can get you set up, accounting for your tax on cryptocurrency and non-fungible token trading. When dealing with Cryptocurrencies and Non-Fungibles Tokens that are deemed to be carrying on an enterprise but your trades are seen as a hobby then certain non-commercial loss rules limit access to losses incurred. Additionally, where the purchase is deemed a personal use asset there may be exemptions or no tax implications if transacting in Cryptocurrency or Non-Fungible Tokens.
Other Services Offered
Budgeting & Forecasting
Have you ever heard the saying “those that don’t plan, plan to fail”. Well not budgeting or having a forecast doesn’t give you an idea into what nasty surprises lie ahead. Luckily enough we are here to help you with any forward focused accounting so that you can feel rest assured that your business isn’t flying blind.
We aim to be your adviser in selecting a reasonable budget in which you can correctly benchmark your business as well as provide a rolling forecast into future business operations.
Cash Flow Management
A lot of business owners mistake profit for cash flow or their version of cash flow management is “Well if we have cash in the bank, then its all good”. We are here to help your business better understand the relationship between profit and loss, movements on the balance sheet which ultimately lead to improved cash flow. For as the saying goes”Cash is King”.
Human capital is what drives business, without our workers and employees we struggle to create the vision that we want. Our payroll services are ideal for business owners that want to focus more on growing their business rather than administering it.
Financial & Management Reporting
Want to know more about what drives profitability within your business? What financial and non-financial metrics should you be looking out for? At Infinity22 we are your financial and management reporting experts. Our weekly, monthly, quarterly or annual reports help you to see where your business is tracking. Each report is tailored to your specific business model so that you are getting the best information possible.
Data Catch-up Services
Is your financial data up to date? At Infinity22 we can help you take the stress out of getting up to date accounts if you are behind and at a discounted price. Our online bookkeeping services and data catch up gives you back control of your financials.
We partner with a network of auditors to help with any compliance requirements you may need taking care of. Contact us and we will be able to put you in the right direction. Our online accounting services can also give you a clearer view of what the future might hold.
In terms of tax services, Infinity22 is here to advise on strategic implications of where you structure, operate and pay taxes. Alternatively, we have a network of Tax advisers which are here to help you get the best result in terms of tax strategy including digital nomad tax wherever you are.
Strategic Planning and Advisory
Strategy sessions are important way that a business owner can find out areas in which they are lacking in, whats doing well and what our plan is going forward. These sessions help your business stay on track to meeting its desired path to growth.
At Infinity22 we are not just accounting experts but also cloud software advisers. We help our clients work out the best cloud software strategies in term of stages of growth as well as help implement the best software to ensure a healthy, structured eCommerce business.
A Full Range of Online Accounting Services
If you’re looking for a specific service, there’s a very good chance we can provide what you’re looking for. Our full range of services includes everything you need to build a better online business from a financial point of view. From managing accounting and books to software integration and international tax management, we can provide the online accounting services you need.
Accounting for Online Businesses
Leading Online Accounting Services
For more information on any of our services, book a consultation today and discuss your needs with an experienced online accountant. We can provide you with the information and guidance you need to do business better online. Book your consultation online or call us today.