Crypto Tax Australia provides tailored and proactive Cryptocurrency Taxation advice to its clients, whether you are an investor or trader anywhere throughout Australia. Contact us to ensure you are prepared for tax time and have the right strategy put in place. Our Certified Practicing Accountants (CPA) work closely with you to find the best solutions and offer practical advice on your personal circumstances.
We educate and guide you through the entire process so you can adequately plan and prepare for tax time. We understand that life gets busy. We provide an online and after hours service so you can talk to our consultants in the comfort of your own home at a time that's most convenient for you. At Crypto Tax Australia we pride ourselves on delivering the highest quality service and advice to our clients.
We educate and guide you through the entire process so you can adequately plan and prepare for tax time. We understand that life gets busy. We provide an online and after hours service so you can talk to our consultants in the comfort of your own home at a time that's most convenient for you. At Crypto Tax Australia we pride ourselves on delivering the highest quality service and advice to our clients.
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In a highly speculative market and the emergence of Cryptocurrency in the mainstream media in 2017, the potential investment opportunities for everyday Australians has become a new phenomenon. With the significant increases in the value of Cryptocurrencies like Bitcoin and Ethereum, many Australians have moved away from the typical investing in shares and property and have delved into the realm of Cryptocurrencies as their investment choice.
The ATO has defined three classes for Australian tax reporting into three broad categories of buyers and sellers of Cryptocurrencies, each type attracts different reporting obligations & may have vastly different income tax consequences. A Cryptocurrency Investor will usually buy Cryptocurrency for a longer period of time and invest in a Cryptocurrency for its long term growth.
A common question investors ask is 'Can I rely on the Personal User Exemption if I only invest less than $10,000 into Cryptocurrency?' Personal use assets are CGT assets, other than collectables, used or kept mainly for the personal use or enjoyment of you or your associates. Any personal use asset you acquired for less than $10,000 is disregarded for CGT purposes.
As predicted by our firm in 2017, the Australian Taxation Office ("ATO") has commenced contacting taxpayers who were engaged in Cryptocurrency dealings in the 2018 financial year. Below is an example of correspondence sent to our clients who have yet to lodge their 2018 tax return. You will need to declare all gains and losses from cryptocurrency trading and investing in your Income Tax Return.
Collective Shift is a platform and community for dedicated crypto enthusiasts designed to help people understand the world of bitcoin and cryptocurrency. Collective Shift delivers high-level, crypto analysis delivered through exclusive research reports, resources, daily insights, community discussion, and much more.
Reviews (5)
Alex Vitte
Jan 19, 2021
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Ajay Herath
Sep 05, 2020
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I found their experience in navigating the relatively new world of crypto taxation in Australia a welcoming relief. After discussions with Adrian and his team they were able to answer my questions.
Anytime, anyone mentions Tax of Cryptocurrency I will direct them to CryptoTax Australia.
You guys are solid, many thanks!
Anytime, anyone mentions Tax of Cryptocurrency I will direct them to CryptoTax Australia.
You guys are solid, many thanks!
Tom Pritchard
Aug 09, 2020
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Michelle Quach
Dec 13, 2018
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We highly recommend Cryto Tax Australia. The team are extremely knowledgeable, approachable, efficient and has excellent attention to detail. Thank you for your help with our small business and crypto tax returns this year. We will be recommending your services to our own network of friends and acquaintances.Thanks again.
Ivan Chao
Dec 03, 2018
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The folks at Crypto Tax Australia are highly professional. They answered my questions clearly and worked hard (even on weekends, it seems) to prepare my tax return with haste. They also have a deep understanding of Cryptocurrency which made the process so much easier.
Before contacting these guys we went through a bunch of other companies, all of whom took weeks to even reply. Crypto Tax Australia responded almost immediately and it is this first impression that makes all the difference.
Keep up the good work - I would highly recommend these guys!
Before contacting these guys we went through a bunch of other companies, all of whom took weeks to even reply. Crypto Tax Australia responded almost immediately and it is this first impression that makes all the difference.
Keep up the good work - I would highly recommend these guys!
