Box Advisory Services
Small Business Accounting and Bookkeeping Solutions
Think outside the box by letting us simplify accounting for your business.
Awards & recognitions
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
- Fixed fees
- 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
Our clients enjoy the following…
- Unlimited support
- Chartered Accountants
- ATO
- Fixed fees
- Setup your business
- Cloud-based and digital technology
A few industries we help…
- Hospitality
- Retail
- Health and Fitness
- Project Management
- eCommerce Business
- Property Development
Guaranteed peace of mind
At Box Advisory Services, we understand that providing a service that delivers peace of mind is important when considering a small business accountant. With a fixed subscription fee and no hidden costs, our dedicated team of Chartered Accountants will ensure that we look after all your accounting needs so that you can focus on continuing to grow your own business.