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Cryptocurrency portfolio

Myna launches outsourced crypto accounting service


Specialist crypto accountant Myna has introduced an outsourced service offering to support fellow practitioners in their dealings with clients’ crypto assets.

22nd Feb 2023
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The new Myna outsourced crypto service will automatically report currency trades, calculate gains and losses and integrate with popular accounting programs. As crypto continues to climb up the accounting agenda - with numerous queries and discussions on the subject during January - Myna CEO Joe David said the outsourcing option was designed to meet the growing need for specialist help among accountants and tax preparers.

Using a dedicated crypto provider would eliminate the stress and uncertainty of preparing crypto tax returns, allowing firms to focus on other important aspects of their practice, David said. Myna would also ensure complete discretion for accountants, letting them retain control over the client relationship.

For clients, the online service gives them access to the Wealth 99 platform, an online marketplace that gives them access to a basket of cryptocurrencies and other alternatives such as tokenised precious metals, where the physical assets are subdivided into digital portions to cater for smaller investors. 

Myna is an offshoot of the larger Nephos professional services group. As a crypto enthusiast himself, David wanted to carve out a new niche and established Myna in 2021 to anticipate the growing need for crypto services.

“There are many headaches that firms can come across when they are looking after clients who own and/or have an interest in crypto and digital assets. Together with the team at Wealth99, we recognise that not all firms are geared up to speak to their clients about digital assets,” said David.

“For those that don’t have the expertise in-house, we’ll step in and help. We also guarantee that any firm that we work with will retain the client as all we want to do for them is help and assist them with their crypto - whether that be tax, security or education.”

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