crypto tax accountant sydney

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.

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!

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).

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.

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.

Awards & Accreditations

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

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