Box Advisory Services

Crypto Tax Accountant Sydney

With the Australian Taxation Office (ATO) cracking down on managing the tax implications of cryptocurrency, if you’re buying, selling, trading, and even mining cryptocurrency – they want to know about it.

GET STARTED

Awards & recognitions

Looking For Cryptocurrency Tax Accountants in Sydney?

Are you a cryptocurrency trader or investor?

The Australian Tax Office has issued guidance on how to treat your crypto taxes and transactions. If you are not sure whether the tax rules apply to your situation or if you need help filing crypto taxes, then Box Advisory Services cryptocurrency tax accountants can help.

We are an experienced team of accountants and financial experts specialising in cryptocurrency taxation and financial success. So, whether it’s Bitcoin transactions, Ethereum, Ripple or any other type of digital currency – we know what needs to be done when it comes time for tax season to meet your tax obligations!

You don’t have to worry about making costly mistakes that could lead to penalties and tax consequences from the ATO. Our crypto tax accountant Sydney team will guide you through every step of the process so that everything is handled properly and efficiently.

Let us handle all your crypto-related accounting needs while you focus on growing your crypto assets and investments!

BOOK A FREE CONSULTATION

What’s The Difference Between a Crypto Trader & Investor?

The ATO wants to know if you’re buying, trading, mining, staking, or giving and receiving cryptos – regardless of whether the transaction was processed here using Australian Dollars, in El Salvador, or in any other country around the world.

When it comes time to lodge your annual tax return, the ATO will compare it with the data and records collected from the designated service providers (DSP). This way, they can ensure that your tax report and taxable income match your cryptocurrency transactions.

However, your tax obligations are determined by whether you are a cryptocurrency trader or investor.

Crypto Investor: Capital Gains Tax Obligations

The ATO considers you a crypto investor if you primarily buy and sell cryptocurrencies to experience long-term capital.

So, if you would have to sell your cryptocurrency, your transaction would be subject to capital gains tax (CGT).

LEARN HERE

Does A Crypto Trader Pay Tax?

If your primary purpose is to earn a profit from the buying and selling of various cryptocurrencies, the ATO considers you a crypto trader.

So, that means that you’re conducting a business, and you’ll be subject to paying crypto tax on your assessable income.

Learn Here

Whether you are a cryptocurrency investor or trader, the Box Advisory team can assist with the following services:

Income tax returns – preparation and filing
Bookkeeping and reconciliations
SMSFs and crypto tax accounting services
Capital gains tax obligations
Annual crypto valuations at the relevant fair market value
Crypto tax planning
Tax structuring
Crypto business advisory
Other crypto tax-related issues and taxation consequences

Tips To Remain Crypto Tax Compliant

To ensure your crypto tax returns are compliant, our accounting firms’ crypto tax accountants ensure the following:

Include any income related to cryptocurrencies in your tax return. This encompasses capital gains, tax or losses, and mining or staking activities.
Maintain detailed records of all your cryptocurrency transactions, noting the date, the value and type, and the counterparty name and address.
Declare cryptocurrency as an asset, not currency, as it is considered more like a share or investment.

Why Choose the Box Advisory Service Crypto Tax Accountant Team?

Box Advisory Services is an independent, full-service accounting firm specialising in cryptocurrencies and blockchain technology. We offer various services to meet your needs, including accounting, auditing, payroll & income tax compliance consulting.

Each tax accountant is professional, with decades of experience working with small to medium-sized businesses and can help you navigate this new world so you can focus on what matters most: growing your investments and running your business.

With the ATO constantly updating their guidelines on how they plan to regulate and tax digital currencies, we have created a package of services that will help you stay compliant with their regulations and keep your investments safe from any potential penalties or audits.

Our goal is to help you build wealth through investing in cryptocurrencies by keeping your finances organised and providing peace of mind that comes from being prepared for anything the ATO might throw at you. Your crypto tax return will meet relevant tax laws with the expert team at our accounting firm.

We save you time

We do the heavy lifting! Leave all your crypto tax accounting work with us.

Honest and transparent advice

We avoid the mistakes of your ex-accountants, protecting your assets and minimising crypto tax

Single point of contact

We hate repeating ourselves too. Unlimited telephone and email support with a dedicated Client Manager

Need an Accountant To Help With Your Crypto Tax Returns?

Box Advisory Services provides tailored tax planning, advice and solutions designed to help small business owners and investors offload their accounting functions so they can focus more on growing their businesses and investments.

Our mission is to help guide our contractors, small business owners, and investors to make better decisions. By thinking outside the Box, using cloud-based accounting software and technology, continuously educating our clients, and building trusting relationships, we make accounting simple and easy.

With our accounting services, we aim to create an environment that inspires people, builds trust and cultivates long-term relationships.

GET STARTED

Frequently Asked Questions

You can either lodge your company tax return directly with the ATO or with a registered tax accountant. Registered tax agents and BAS agents are authorised by the Tax Practitioners Board to prepare and lodge tax returns on behalf of their clients.

Using a tax professional can help ensure your company tax return is accurately prepared and lodged on time. Tax agents have a thorough understanding of tax planning and can advise on how to maximise your return.

If you are submitting your company tax return directly to the ATO without any prior year returns overdue, then the due date for all 30 June balancing companies is 28 February or 15 May the following year. However, it is important to note that failure to lodge on time can result in penalties from the ATO.

If you have prior year returns overdue, then the due date will be 31 October of the same year. The ATO requires company tax returns to be lodged in a timely manner and will impose late lodgement penalties if deadlines are not met.

Lodgements with registered tax agents with good on-time lodgement track records are offered later company tax return lodgement dates than the initial deadline. Using a professional tax agent can provide more time to prepare your company tax return accurately.

Box Advisory Services are registered tax accountants (Registration: 25452828) with over 13 years of company tax return experience.

Our expert team stays up to date on the latest tax laws and ATO requirements, ensuring your company tax return is prepared correctly and on time.

We offer our clients a special lodgement program arranged with the ATO that affords a later company tax return due date. This provides extra time to gather information and review your company tax return while avoiding late lodgement penalties.

With decades of combined experience, our tax accountants can uncover tax deductions and strategies to minimise your tax liability within the law. We provide personalised tax planning and advice tailored to your unique business situation.

Trusted by 10,000 Australian business owners

“A big thanks to Davie and the team for making the transition so easy.”

I run a small contracting business and have started using Boxas for my company and personal accounting. A big thanks to Davie and the team for making the transition so easy. Sean Yee in particular has been incredibly helpful starting from the first Zoom meeting we had. I've been very impressed with Sean's ability and willingness to help. 2

Edgar P

“I couldn’t be happier with the results. Five stars, hands down!”

I highly recommend Box Advisory Services to anyone looking for top-notch accounting services for their business. The team of at Box are genuinely outstanding, providing personalised and expert advice at every turn. Their approach to accounting is a game changer, making it easy for anyone to engage and understand the numbers behind their business. The level of care and attention I received was exceptional, and I couldn't be happier with the results. Five stars, hands down.

Michael Dean

“Sean, Davie, Molly and team have all been incredible!”

Sean, Davie, Molly and team have all been incredible! I signed up with Box Advisory Services 4 months ago and I can honestly say that it was one of the best business decisions I have made for my construction business. Their knowledge combined with their customer service are second to none. I would highly recommend them to anyone that is looking for an accountant.

Patrick

“Very approachable and knowledgeable. Highly recommended!”

I found Box Advisory Services from their director Davie Mach's YouTube channel which provides lots of valuable information on taxation for business owners like me. Have been engaging with them for a year. Very happy about their professional advice especially from Mr Sean Yee who is very approachable and knowledgeable. Highly recommended.

Owen C

“I cannot recommend Davie and his team highly enough”

I cannot recommend Davie and his team highly enough. From the moment we started working together, their approachability, dedication, and expertise were evident. They've demystified complex accounting issues, offering solutions that are both practical and efficient. Their friendly and helpful service truly stands out. For anyone looking for reliable and knowledgeable accounting support, Davie and his team are the go-to professionals!

Alex Ip

“Will definately be using Box Advisory services again!”

Had the pleasure of having a consultation with Sean Yee and it was pleasant to know after many different consultants and advisors that Sean was able to provide honest and truthful feedback above and beyond our expectations. Will definately be using Box Advisory services again

Nicholas Lao

“Exceeded my expectations!”

I have had the pleasure of working with Davie Mach as my accountant and I must say, he has exceeded my expectations. His professionalism and attention to detail have made the financial aspect of my business seamless and stress-free. Davie always goes above and beyond to ensure that I understand all of my financial statements and makes sure that I am fully informed of any important financial decisions that need to be made. He is always available to answer any questions I have and provides clear concise advice. I highly recommend Davie to anyone looking for an exceptional accountant who truly cares about their client's success.

Rami Alcheik

“Highly recommend Box Advisory Services”

Box Advisory Services really understands how small business work and operate. Davie is a very professional accountant and one of the best in the game. He made accounting easy to understand and I trust him to handle all my businesses. Highly recommend Box Advisory Services for anyone who looking to grow their business.

Paul Lin

“Davie and the Box Advisory team are incredible!!!”

Davie has helped me from feeling totally out of control with my personal financing no more than a year ago to getting everything in order for me to purchase a property this year. He has taught me so much and always has my best interest at heart!! It's great having him helping me with my personal finances and for my small business! Couldn't recommend this team more highly!

Barton Tanner

“I would definitely recommend their services!”

I have just signed up with Box advisory services accountants and am very happy with their services. Sean Yee is very responsive and knowledgeable. He's very patient and has an awesome insight in accounts, software and financial statements. He is always happy to help me when I need help. His advice is helpful and meets you where you are in terms of sophistication. He simplifies everything so I am able to understand and goes the extra mile to make sure I understand. I would definitely recommend their services!

Dj Mauza