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crypto tax accountant sydney

Box Advisory Services: Crypto Tax Accountant Sydney

With the 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.

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 transactions, and if you are not sure whether the tax rules apply to your situation or if you want help filing taxes for then the Box Advisory Services cryptocurrency accountants can help. 

We are an experienced team of accountants and financial experts who specialise in cryptocurrency taxation. 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!

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

Let us take care of all your crypto-related accounting needs while you focus on growing your investments!

Australian Taxation Office: What Is The Difference Between a Crypto Trader and 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 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 matches your cryptocurrency transactions.

But your tax obligations are determined based on whether you are a cryptocurrency trader or investor. 

Crypto Investor: Capital Gains Tax Obligations

The ATO considers you a crypto investor if you are primarily buying and selling 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).

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 pay tax on your assessable income.

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 cryptocurrency 
  • Capital gains tax obligations
  • Annual crypto valuations at the relevant fair market value 
  • Tax planning 
  • Tax structuring 
  • Crypto business advisory 
  • Other crypto tax-related issues and taxation consequences

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 a range of services to meet your needs, including accounting, auditing, payroll & compliance consulting. 

Our team of professionals has 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.

services

We save you time

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

services

Honest and transparent advice

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

services

Single point of contact

I know, 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 advice and solutions designed to help small business owners and investors offload their accounting functions, so they have more time to focus on growing their business and investment.  

Our mission is to help guide our contractors, small business owners, and investors to make better decisions. By thinking outside of the Box using cloud-based accounting software and technology, continuous education of our clients and building a trusting relationship, we believe that we can 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.

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Awards & Accreditations

Box Advisory Services' small business accountants are proudly recognised by the following accreditations and awards

“Box AS has been outstanding to work with and has been instrumental in our business growth in the last 3 years. We have worked with other accountants and advisers in the past that will complete our accounting work but no more and do not understand our business and industry. Box AS, on the other hand, understand our goals and map out strategies for growth. They go above and beyond and come up with key issues we would never have known about.”

Hong – General Manager at Fitness Republic Group

“We first engaged Box AS for advice on the business acquisition and liaising with financiers, solicitors and the vendor. The team at Box AS is highly professional, knowledgeable, committed and hard-working. We were really happy with the initial service that we decided to continue our engagement with a month to month accounting service.”

Linda – Director at Tattoo Removal Institute Australia

“Davie and his team has helped our startup get off the ground, it has brought peace of mind knowing that the accounting side of our business can be taken care of while we can focus on our business. Being able to have him and the team contactable to ask questions about accounting best practices or other accounting related questions has allowed us to focus on providing value to our own customers.”

Rob – Director at TwoSpace

Not sure what you need help with?

Don’t worry, book a free consultation with us and we’ll help you work out your business needs