Web3 Founder? What should you be asking your accountant

As a founder of a web3 business or project there are a wide range of questions that you should be able to fire at your accountant and get feedback on. From our experience, here are some of the top topic that you should be working with your accountant on:

What type of business entity should I form for my web3 business?

What are the tax implications of operating a web3 business?

How can I optimizse my tax strategy to minimise my tax liability?

What are the financial reporting requirements for a web3 business?

How can I ensure compliance with regulatory requirements in the web3 space?

What are the accounting and financial best practices for a web3 business?

How can I effectively manage my cash flow and budget for growth?

What are the financial risks associated with operating a web3 business?

How can I ensure accurate and timely financial reporting for investors and stakeholders?

How can I leverage technology and automation to streamline my accounting and financial processes?

These are just a few examples of the types of questions you may want to ask an accountant as a founder of a web3 business.

It's important to work with an accountant who has experience in the web3 space and can provide tailored advice to help you achieve your business goals. If you need any help with these, drop us a line at Hello@CompleteHQ.co.uk