One of America’s most famous and enduring idioms came from the founding father, Benjamin Franklin. Whilst ruminating on his new country’s constitution, he hoped it would be durable. “But, in this world,” he said, “nothing is certain except death and taxes.” Unfortunately, he is still right.
Although, we speculate that maybe Franklin hadn’t heard of bear markets.
Since the explosion of crypto over the last fourteen or so years, tax has become a practical necessity. It is not advisable to hide your taxable crypto income from the state. In fact, tax evasion is highly illegal. (However, tax avoidance, which covers legal means to reduce your tax bill, is fine.)
The UK Government requires that you file a Self Assessment Tax Return online with His Majesty’s Revenue and Customs (HMRC) by January 31, 2023. This is the same date every year for those who receive income from self-employment or who make money from capital…
