HWSW

Terms of Service

Effective date: 7 June 2026

1. About HWSW

HWSW (“the Platform”, “we”, “us”) provides accounting, portfolio tracking, and tax-reporting software for investment clubs. We are not a financial adviser, broker, regulated investment firm, or tax adviser. Nothing on the Platform constitutes financial, investment, or tax advice.

2. Eligibility

You must be at least 18 years old and have authority to bind your investment club to these Terms. By registering, you confirm that you meet these requirements.

3. Accounts and Security

You are responsible for maintaining the confidentiality of your login credentials and for all activity that occurs under your account. Notify us immediately at hello@hwsw.app if you suspect unauthorised access.

4. Acceptable Use

You agree not to:

  • Use the Platform for any unlawful purpose or in violation of applicable regulations.
  • Attempt to circumvent any security, access control, or plan restriction.
  • Scrape, copy, or resell any part of the Platform without our written consent.
  • Introduce malicious code or interfere with the Platform’s infrastructure.

5. Digital Asset Contributions — Accounting Treatment

The following clause governs how the Platform records digital asset (cryptocurrency) transfers to a club wallet. By connecting a digital wallet and using the import feature, all club administrators explicitly agree to this treatment.

5.1 Base-currency unitisation engine. The Platform operates on a base-currency unitisation engine. All portfolio values, capital accounts, and performance calculations are denominated in your club’s elected base currency (e.g. GBP or USD).

5.2 Cashless contribution mechanics. When a member transfers digital tokens or cryptographic assets to a club wallet as a capital contribution, the Platform treats the transfer as an instantaneous conversion to its fiat cash-equivalent value based on prevailing market spot-rates at the block timestamp. The club ledger records:

  1. A Contribution — Digital Wallet transaction crediting the contributing member’s capital account with the base-currency equivalent value.
  2. An Investment — Digital Wallet transaction debiting the club’s investment account and establishing a cost lot for the token at the identical base-currency value.

5.3 Why this treatment. Because the contribution and purchase are recorded at an identical price back-to-back, no phantom gain or loss is created inside the club structure. The member’s outside cost basis is cleanly set in cash-equivalent terms, and the club’s inside cost basis for the token lot matches exactly.

5.4 Member personal tax obligations. The disposal of digital tokens to acquire a cash-equivalent stake in an investment club may be a taxable event for the individual member under applicable law (including HMRC Capital Gains Tax rules in the UK and IRS property disposal rules in the US). The Platform generates a clear receipt of the base-currency value at the time of deposit to assist members in calculating any personal capital gain or loss. Members are responsible for reporting and paying their own personal tax liabilities. The Platform does not provide tax advice.

5.5 Swap and trade transactions. Where a transaction represents an on-chain swap (e.g. ETH to USDC) rather than a new capital contribution, administrators should select the Swap / Trade posting mode. This records a single Investment transaction and does not create a capital contribution entry.

5.6 Allowlist restriction. The Platform restricts automatic import to digital assets ranked in the top 100 by market capitalisation on CoinGecko. Assets outside this list are flagged as “unavailable” and must be manually whitelisted by contacting support. This restriction exists to ensure that reliable historical price data is available for cost-basis calculations.

6. Data and Privacy

We collect and process personal data as described in our Privacy Policy. By using the Platform you consent to that processing.

7. Intellectual Property

All software, design, and content on the Platform is owned by or licensed to HWSW. You retain ownership of data you input. You grant us a licence to store and process that data solely to provide the service.

8. Availability and Changes

We aim for high availability but do not guarantee uninterrupted access. We may modify or discontinue features with reasonable notice. We will update these Terms from time to time; continued use after the effective date of any revision constitutes acceptance.

9. Limitation of Liability

To the maximum extent permitted by law, HWSW is not liable for any indirect, incidental, special, or consequential damages arising from your use of the Platform, including but not limited to tax penalties, investment losses, or errors in third-party price data. Our total liability to you in any calendar year shall not exceed the fees you paid to us in that year.

10. Governing Law

These Terms are governed by the laws of England and Wales. Any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.

11. Contact

Questions about these Terms? hello@hwsw.app