Crest Accountants are fortunate to have an in-house cryptocurrency tax accounting team headed by Justin Fahey. Our specialised team know the ins and outs of crypto tax compliance particularly capital gains and stay up to date with the latest cryptocurrency news.
Cryptocurrency (aka crypto) is a digital currency that can be used to buy goods and services, backed by strong cryptography to secure all online transactions.
The tax treatment on cryptocurrency is a widely misunderstood and complex area, with many people feeling overwhelmed with the idea of calculating their own cryptocurrency tax obligations and outcomes.
Contrary to popular belief, tax applies to cryptocurrency, with the Australian Tax Office viewing cryptocurrency as property and a Capital Gains Tax asset for tax purposes.
This is why it’s so important that you have a cryptocurrency tax accountant who understands the cryptocurrency market, cryptocurrency prices and has systems in place to calculate your tax outcomes as efficiently as possible.
Crest Accountants are here to help with:
Business performance snapshots
How Crest Accountants can help
Crest Accountants will advise and ensure that you minimise your legal crypto tax liabilities including capital gains tax. Given that this is a fairly new area in the tax field, it needs to be handled by an expert crypto accountant who will ensure that you pay what is due, not more and not less.
You don’t want to risk taxation penalties, yet you do want to ensure that you don’t miss out on any tax advantages created by cryptocurrency.
With Crest Accountants, you don’t need to know the ins and outs of cryptocurrency and taxation laws, let us sort out all of this for you. Call Crest Accountants and ask for Justin Fahey our in-house crypto guru.