About
Established in 2017, 123Financials is are trusted, ICAEW-regulated crypto accountants and proudly 5-star rated on Trustpilot, specialising in cryptocurrency accounting services with a team of experienced data analysts and accountants who bring expertise in the UK, US, and Canadian markets, ensuring tailored solutions for clients navigating the complexities of digital assets.
123Financials provides comprehensive services, including crypto tax compliance, capital gains tax calculations, HMRC and IRS reporting, crypto reconciliations, and UK self-assessment tax returns. With in-depth expertise in ICO issuance, crypto mining, and blockchain transactions, the team simplifies your finances and ensures seamless regulatory compliance.
Experience and qualifications
123Financials operates under Rajesh Mathrani, a highly qualified financial expert with over 20 years of experience in accounting, taxation, and financial services. Rajesh holds multiple qualifications in finance, such as a chartered accountant (CA) from ICAEW, certified accountant from ACCA, and independent financial accountant from IFA. He holds the prestigious MSTA certification from the Society of Technical Analysts, highlighting his deep understanding of market dynamics and technical analysis.
With a career that includes roles at KPMG and Deloitte, Rajesh has developed extensive expertise in auditing, compliance, and strategic financial management. His diverse experience spans derivatives trading businesses, where he successfully led proprietary trading teams, as well as crypto mining and ICO projects, giving him unparalleled insight into both traditional and emerging financial markets.
Client focus
123Financials provides comprehensive accounting, tax, and advisory services for a range of clients, from individual cryptocurrency investors, traders, and trading houses, to startups, and small and established businesses. Domestically in the UK and internationally in the US and Canada.
Service offerings
123Financials can assist with:
Crypto Reconciliation: Identifying taxable events by reconciling cryptocurrency transactions across wallets and exchanges.
Crypto Tax Accounting: Accurately calculating tax liabilities, including capital gains, losses, and taxable income.
Node Integration: Ensuring accurate transaction data through various node clients.
NFT Accounting: Managing accounting for non-fungible tokens (NFTs), including creation, sales, purchases, and transfers.
Airdrop and Fork Accounting: Tracking and reporting airdrops received and managing income from hard forks.
Smart Contract Transactions: Accounting for transactions involving smart contracts, including automated processes.
DeFi Accounting: Handling decentralised finance activities such as staking, lending, borrowing, and yield farming.
ICO Accounting: Managing initial coin offering (ICO) transactions, including fundraising and token allocations.
Liquidity Pool Accounting: Accounting for participation in liquidity pools, including earnings and fees.
Cross-Chain Bridges: Tracking and accounting for transactions involving cross-chain bridges.
Token Swaps and Migrations: Managing accounting for token swaps and migrations across blockchains.
Mining and Pool Accounting: Handling earnings, costs, and tax implications of crypto mining and participation in mining pools.
Corporate Crypto Accounting: Managing cryptocurrency holdings on company balance sheets, ensuring compliance with accounting standards.
Metaverse and Virtual Assets: Accounting for assets in the metaverse and blockchain-based gaming platforms.
VAT/GST on Crypto Transactions: Addressing VAT or GST implications for businesses dealing with crypto.
Crypto Donations: Advising on tax treatment and reporting of cryptocurrency donations.
Portfolio Valuation: Providing detailed valuations of crypto portfolios for tax reporting and strategic planning.
Tax Residency Guidance: Advising on tax residency implications for global crypto investors and traders.
