DIGITAL ASSET
Focused on the Future
Digital assets have become a permanent fixture in the global economy and a legitimate means of transacting business. As adoption grows, regulators, including the CRA, provincial securities commissions, and financial authorities, are paying closer attention. Bailey LLP helps individuals and businesses navigate the evolving regulatory, tax, and compliance landscape surrounding cryptocurrencies, tokens, and blockchain-based investments. Whether you're managing personal holdings or building a digital asset enterprise, our professionals provide the insight and structure needed to move forward with confidence.
How Bailey LLP Can Help
Many individuals are unaware of the tax reporting obligations related to digital assets, cryptocurrencies, and tokens. As regulatory oversight increases, the CRA is expected to step up enforcement and may target non-compliant cases to set an example. Bailey LLP helps clients calculate gains and losses, file accurate returns, and amend prior filings to minimize potential penalties and interest.
For businesses and startups, entering the digital asset space presents its own challenges. Founders often face investor hesitation due to limited financial reporting, internal control weaknesses, cybersecurity risks, and a lack of audited financial statements. Our team works with clients to build the systems and structure needed to become investor-ready.
Bailey LLP provides integrated, cross-functional support across tax, accounting, legal structuring, and strategic planning. Whether you're an individual investor or launching a digital asset fund, we deliver the insights and execution needed to navigate this complex and fast-evolving space.
Core Services
Assurance
Audit & Attest
Accounting Advisory Services
Tax
Commercial tax Services
International Taxation Services
State & Local Tax (SALT)
Private Client Services
Advisory
Business Consulting
Business Process Outsourcing
Strategy & Business Trasformation
Technology, Risk Advisory, and Cybersecurity (TRAC)
Transaction Specialty Solutions
Speciality Services
In addition to our core assurance, tax, and advisory capabilities, Bailey LLP offers a tailored suite of services for the digital asset and blockchain ecosystem. Our team provides strategic and technical expertise to support individuals, institutions, and innovators in this emerging space.
Our specialty services include:
- Asset tracing and litigation support
- Cryptocurrency and digital asset investigations
- Blockchain, token, and smart contract advisory
- Financial services and decentralized finance (DeFi) analysis
- Initial Coin Offerings (ICOs) and Initial
- Exchange Offerings (IEOs)
- NFT advisory and digital rights structuring
- Virtual currency tax reporting and CRA compliance