Crypto Tax Accounting
Whether you’ve dabbled in a bit of trading as a ‘rona hobby or you’re making an income from it, cryptocurrency impacts your tax in a big way. We’ve got you covered from bitcoin to dogecoin… ruff ruff.
Tax return time?
If you’re into crypto, your return needs a bit of extra TLC. We’re across the complexities and ever-changing laws and regulations around this industry. Book a tax return, let us know crypto is involved and we'll tee up a call with one of our experts.
Any kind of activity
Investor, trader, crypto based business… there are many ways to jump on this particular bandwagon. We can give anyone a hand, no matter what kind of crypto activity you're up to.
Crypto specialist accountants
It takes a special kind of Type A to understand the intricacies of crypto tax and lucky for you, we’ve got a couple of them up our sleeve.
Crypto tax support
Get help preparing your crypto tax return and understanding your ATO obligations.
Tax planning
Organising your tax return is one thing, but understanding the implications of crypto and then planning for it to minimise tax obligations is another. Tap us on the shoulder more than once a year in July and reap the benefits of future thinking.
Why partner with us?
Life is too short and business is too stressful to have an average accountant. We decided to do things differently: back to the drawing board, so we can work for the future. And the future involves cryptocurrency.
Getting to know you, your businesses and your goals inside-out is what we do best. Our personalised service is what sets us apart – lots of people can run the numbers but not many take the time to understand and support each client, case-by-case.
Communication is key. Phone call? Email? Whatsapp? Go for it – whatever works for you. No clock punching here either; support doesn’t mean charging for a chat. It means calling you first to check on the family and how we can help you to pivot during the most recent ‘rona related debacle.
We work with people Australia-wide, location isn’t an issue because there’s something called cloud technology and Zoom – you might’ve heard of it?
Good accounting doesn’t just consider the now. It considers and plans for the future. We work with people playing a long game, people looking to partner with someone willing ride those waves together.
Get your return completed in 4 easy steps!
Choose a package
Book a time
Complete the quiz
We prepare
| What you will get |
|
|
|
|---|---|---|---|
| We prepare and file the tax return on your behalf. | ✓ | ✓ | ✓ |
| We do the bookkeeping and reconciliation. | 1 exchange 200 transactions |
2-5 exchanges 1,000 transactions |
10 exchanges 3,000 transactions |
| We will handle all investments. | ✓ | ✓ | ✓ |
| Sole trader / miner activity is extra | ✓ | ✓ | ✓ |
| 100% audit guarantee. | ✓ | ✓ | ✓ |
Future Advisory have become an integral part of my wider team. They say outsource what you aren't good at and that wisdom couldn't have worked better for my books. Future are never too busy to answer my questions; they're reliable, skilled, and importantly, great people
The Future Advisory team have made it an absolute pleasure to do simply beautiful business. The traditional accounting cobwebs have been dusted away and their forward thinking fresher holistic approach, where a team of number crunching professionals look at your file and data, tailoring the critical information you need to know as a small business owner. Their services have freed up my time to do what I do best and that’s being with my customers.
The team at Future Advisory have been champions at giving us invaluable advice to help us make financially informed decisions to grow our business to where we are today. We can't thank and recommend the team enough!
Do you have to pay taxes on Crypto?
A capital gains tax (CGT) event occurs when you dispose of your cryptocurrency. ‘Disposal’ occurs when you sell or gift your crypto, trade or exchange your crypto, convert crypto to a fiat currency (e.g. AUD), or use crypto to pay for goods and services. If you make a capital gain from this ‘disposal’, some or all of this gain may be taxed. Certain gains or losses can be disregarded, so chat with us today to find out where you stand!
Cryptocurrency Tax Calculator
In order to calculate your Cryptocurrency tax, book in with a Future Advisory Crypto Specialist today! https://futureadvisory.com.au/contact/
How much tax do you pay on Cryptocurrency?
There is not a standard answer for everyone on Crypto taxes, so your best bet is to have a chat with the Future Advisory Crypto Specialists! https://futureadvisory.com.au/contact/
Do I have to pay taxes on Bitcoin?
This is entirely dependant on your circumstances, so you’ll need to have a chat with a Future Advisory Crypto Specialist today! https://futureadvisory.com.au/contact/
How is cryptocurrency taxed?
Crypto is taxed differently dependant on how it is held. Chat with a Future Advisory Crypto Specialist today! https://futureadvisory.com.au/contact/
Do I have to report Cryptocurrency on taxes?
You will need to report any Crypto gains you have made when tax-time comes around!