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Self-Employed Crypto Tax Guide

If you’re self-employed and earning from crypto, things can get confusing fast. Between trades, DeFi earnings, NFT sales, and mining rewards, knowing how much tax you owe isn’t always clear. That’s where 7 Accountants come in. We’ve created a clear, step-by-step Self-Employed Crypto Tax Guide to help freelancers, independent traders, and small business owners understand how crypto income fits into the tax system.
Self-employed crypto tax UK freelancer preparing HMRC crypto self-assessment with laptop, receipts, and tax documents at home — how to report crypto income as self-employed in UK

Understanding Crypto Income for the Self-Employed

In the UK and many other countries, income from crypto trading or mining is taxable just like traditional income. But the tax treatment depends on how you earn it.

At 7 Accountants, we help you:

  • Classify your earnings correctly (trading, mining, or investment).

  • Track profits and expenses for crypto bookkeeping.

  • File accurate self-assessment tax returns (SA100).

  • Understand your income tax and capital gains obligations.

Whether you’re earning crypto through business activities or freelance work, we make sure your records are compliant with HMRC and global tax agencies.

Crypto Bookkeeping Made Simple

Bookkeeping can be overwhelming when you have multiple wallets and exchanges.
 Our team uses reliable crypto bookkeeping software to automatically track your transactions, convert values into GBP or USD, and prepare tax-ready reports.

We help you:

  • Record every crypto trade and payment

  • Calculate total income and expenses

  • Prepare tax return crypto documents

  • Maintain audit-ready ledgers for HMRC or other authorities
Tax advisor explaining self-assessment crypto tax UK rules to a self-employed crypto investor in a UK office, discussing deducting crypto mining expenses self-employed UK and HMRC nudge letters crypto self-assessment

Tax Deductions & Allowances for the Self-Employed

If you’re self-employed, you may be able to claim allowable business expenses related to your crypto activities like internet costs, trading tools, or hardware for mining.
 We guide you through:

  • Deductible crypto expenses

  • Income tax brackets and allowances

  • HMRC deadlines and filing support

Our aim is to help you minimize taxes legally while staying fully compliant.

Why Choose 7 Accountants for Self-Employed Crypto Taxes?

  • Expert accountants in crypto taxation for freelancers and businesses

  • Use of the latest crypto bookkeeping software

  • Guidance on both income tax and capital gains tax

  • Personalized support for UK, Europe, and USA clients

  • Transparent pricing and easy communication
We take care of the complex crypto tax details, so you can focus on growing your business and profits.

Let’s Make Crypto Taxes Easy for You

Whether you trade daily, mine occasionally, or earn crypto for freelance work tax season doesn’t have to be stressful. At 7 Accountants, we’ll help you understand your tax position, claim the right deductions, and file your return on time.

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