Pipergate Limited

Professional Online Accounting Solutions

About OUR ONLINE accountancy services imageAbout OUR ONLINE accountancy services image
Providing a professional online and accurate accounting service to small businesses, Sole traders and Crypto- Asset investors.
As a qualified IFA and an ATT tax accountant you are dealing with a professional.
I have the experience to take the stress out of the Self-Assessment process, preparation of annual accounts and CT600s or talking to HMRC on your behalf. Whether it’s rental properties, tax on Crypto-assets or Limited Company accounts I provide a professional service at a reasonable price. Just contact for a quote.
As a qualified accountant and member of three professional bodies you can rest assured you are in competent hands. The Company is regulated by the IFA with full Professional Indemnity Insurance.
I have experience of numerous accounting packages, VTT+, , FreeAgent, Xero and Taxfiler are some.
For Crypto-assets my platform of choice is Koinly.

Self Assessment

Self assessment for individuals covering Self Employed income, Capital gains, Rental income. Preparation and filing.

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Corporation Tax

Preparation of accounts from most cloud packages. FreeAgent, Xero and IFA Books. Capital allowance computations and tax compliance.

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Crypto Assets Tax

Ensuring that you are Tax compliant on gains, losses and income arising on your Crypto-assets.

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Why would you need our services? 

  • A reliable and professional Subcontracting solution tailored to your needs.
  • Peace of mind.
  • Experience with most cloud based packages like Xero and FreeAgent.
  • Simply you can Subcontract to a qualified accountant who is already working in practice with up to date CPD to prepare accounts and tax returns for you at a fraction of the cost of a full time staff member.
  • A Subcontract Accountant can help when you are down a team member during holidays.
  • You can plan your workload throughout the year to avoid bottlenecks going into December.
  • We work entirely online so there is no issue of location.
  • The use of Confidentiality and Non-Competition agreements means you can rest assured you are the only point of contact with your client.  


Agree a sensible way to exchange work and discuss issues on a timely basis.

    As a Subcontract Accountant there's nothing worse than being handed a job with missing information and errors then finding the manager concerned has vanished on a two week holiday and no-one else knows anything about the work. This wastes everyone's time.

 Agree a price for the job and a timeframe.

    Normally this will be a fixed price to provide a subcontract accountancy service rather than an hourly rate, both parties have certainty, you because you can budget and me because I can allocate my time accordingly. 

Sign a sub-contract / Non disclosure agreement.

    You then have peace of mind that your clients remain your clients and you are the only point of contact with them. Also this can cover the scope of work.

Assess the quality of the work you are handing over, your opening work, notes and the clients records.

     This saves a lot of time and cuts down on phone calls, emails etc

Set up relevant access to your systems.

i.e. Xero, FreeAgent, BTC etc then agree who puts adjustments through to the records and whether they are reviewed by you first.

Crypto Accounting


To start with It is essential to keep good records so it’s possible to treat transactions correctly, errors here could mean overpaying tax. Here is HMRC’s guidance CRYPTO10400 - Cryptoassets Manual - HMRC internal manual - GOV.UK (www.gov.uk) 

The two Taxes to be aware of are Capital Gains Tax (CGT) and Income Tax, both are reported on your Self-Assessment Tax Return.

The tax will depend on the transaction involved. It is therefore essential to understand the nature of the transaction because errors in this could result in accidentally paying (or underpaying) a higher rate of tax. (CGT higher rate 20% and Income tax 40-45%).

Generally, cryptocurrency purchases and disposals are classified in a similar way to shares in that they are “pooled” into asset classes, and disposals are calculated from the pool. Day trading and “bed and breakfasting” apply to cryptocurrencies just like they do to traditional share dealing with the 30 day rule applying. Therefore the majority of transactions will be taxed under CGT. There are exceptions to be aware of though:

Common transactions:

Mining: Depending on the level of activity. This will generally be treated as income and will need to be shown as miscellaneous income on a tax return. 

Staking: Using an element of your holding to support the creation of the blockchain in return for reward. Rewards from Staking will need to be accounted for as miscellaneous income on a tax return. 

Salary or payment for work done: This will be treated as income at the market value of the asset on the day of the transaction and need to be accounted for as income on a tax return. 

Airdrops: When you receive the crypto asset as marketing, a prize or for publicity. You have done nothing in exchange for the asset. If this is the case they will join the Pool for CGT and be taxed on disposal. Forking: The splitting of the asset in two and the holder receives more assets at a lower individual value. These will be Pooled and be taxed on disposal.

HMRC Cryptoassets Manual  Cryptoassets Manual - HMRC internal manual - GOV.UK (www.gov.uk)  


What to think about if you want to trade crypto via a Limited Company

What should you think about before you start?

Let’s start with the structure first.

A Limited Company is easy and cheap to form online in 24 hours but some recent changes have now happened:

1.      One Director must be UK resident.

2.     Proof of ID will now be asked for. This is new

3.     You will have to provide a SIC (Standard Industrial Classification) what your   company does

4.     Think about share structure, who owns how many shares and what classes

5.     Registered office, if you don’t want to use your home address (done online and not    expensive). This can also give you a prestigious post code if that’s what you are after.

Bank account.

When selecting your bank, talk to various ones about the nature of your business before you start, make sure the are used to Crypto and understand it, if not they may get concerned about the large movements in funds and file a Suspicious Activity Report. This can result in your account being frozen and them not returning your calls until they have clearance. Suspicious Activity Reports - National Crime Agency
Always open an account in the companies name, don’t attempt to use your private account and hope for the best, it won’t happen. The downsides are that you will be treated as having taken all the profits before tax and will have potential tax and associated penalties to go with it. It also defeats the object of using a Limited Liability Company.

What are your responsibilities as a Director?

1.     To act within powers in accordance with the company’s constitution and to use     those powers only for the purposes for which they were conferred 

2.     To promote the success of the company for the benefit of its members 

3.     To exercise independent judgement 

4.     To exercise reasonable care, skill and diligence

5.     To avoid conflicts of interest 

6.     Not to accept benefits from third parties 

7.     To declare an interest in a proposed transaction or arrangement

8.     To file accounts annually along with a tax return and confirmation statement.

9.     To maintain accurate accounting records.

Now for the tax:

If your company is trading Crypto Assets then it will be liable to Corporation Tax on all realised gains. Unlike an individual there is no distinction between Capital Gains and Income, everything is charged at one rate. 19% up to £50,000, over £250,000 at 25%, in between there is a sliding scale. There are various costs that can be offset such as investment in fixed assets, computers, office furniture etc. Discuss these first with you accountant. Losses can be offset against profits, so you can carry them back for 12 months or carry them forward against future earnings. (you need to have paid tax to claim it back.)

How do you get you profits out?
Normally this is via a mix of salary and dividends. Dividends are payable out of distributable reserves, (profits after tax and losses brought forward).

The above is a rough guide, so if you would like to know more email or call to arrange an e-meeting.