Expert Guidance from Our Qualified Crypto Tax Accountants

Get expert advice from our top crypto tax accountants to meet your tax obligations without the hassle so you can focus on creating more wealth and secure your financial freedom in the growing crypto economy.

Ensure compliance and optimise your crypto investments with specialised tax strategies. Trust in our professionals for comprehensive guidance tailored to your unique needs.

Your Reliable Crypto Tax Accountants

Seeking a crypto tax accountant to handle your finances, freeing you for strategic focus?

As a crypto investor, your focus should be on significantly streamlining your financial management, not on accounting and financial reporting. That's where we step in. Our team of professional cryto tax accountants offer dependable and precise accounting and tax preparation support tailored to your investment and financial needs.

Seeking a company for comprehensive crypto tax support beyond compliance?

With decades of collective experience, our crypto tax accountants grasp the unique challenges that crypto investors like you encounter and strive to deliver personalised solutions. Our comprehensive services encompass bookkeeping, preparation of financial statements, tax preparation and planning, and more.

Seeking a proactive tax compliance and strategic financial insights?

We are committed to staying abreast of the latest tax laws and regulations to ensure your crypto investement remains compliant and takes full advantage of available tax credits and deductions. Additionally, we provide regular financial reporting to empower you with the insights needed to make well-informed investment decisions.

We Are Your Expert Crypto Tax Accountants

Over 1 million Australians have invested in cryptocurrencies, yet a significant portion remain unaware of the tax obligations associated with their crypto gains until faced with an audit. To address this issue, our team of experienced crypto tax accountants offers assistance in devising effective tax strategies to manage these obligations efficiently. Since 2019, the Australian Government has been collecting records on individual crypto accounts to ensure compliance with tax regulations. Consequently, individuals who have held accounts with designated crypto service providers may be contacted by the Australian Tax Office (ATO) and required to provide transaction records.

In Australia, cryptocurrencies are not recognised as currency but rather as assets, akin to property. They are subject to Capital Gains Tax (CGT), necessitating the declaration of transactions upon trading, selling, or using crypto. Similar to other CGT assets, various avenues exist to leverage CGT discounts to minimise tax liabilities on crypto holdings. Moreover, the treatment of individuals regarding cryptocurrency taxation varies based on their usage and trading activities. Depending on their circumstances, individuals may be liable to pay taxes on gains. Understanding these distinctions are crucial for navigating the complexities of cryptocurrency taxation under Australian law.

How Our Expert Crypto Tax Consultants Can Help You

Cryptocurrency taxation presents a specialised domain within accounting, often unfamiliar even to seasoned accountants with extensive experience. For individuals engaged in crypto investment, it's imperative to engage the services of adept crypto tax accountants who are positioned to create efficiencies for their clients by already having an intricate understanding of the numerous protocols their clients are interacting with and the wealth creation strategies they adopt.

Our team of seasoned cryptocurrency accountants offers personalised tax solutions, meticulously crafted to align with your unique circumstances. Whether you're facing a one-time audit or seeking continuous crypto tax planning, our experts are equipped to assist you.

Experience the difference with Acro -

your go-to crypto tax accountants.

Business Accountants & Business Advisors in Logan

Accountants Cryptocurrency

Looking for a reliable "accountants cryptocurrency"? We are conveniently located to serve clients in your area. Our local expertise and community involvement ensure that we understand the specific tax challenges and opportunities you face.

Business Accountants & Business Advisors in Logan

Accountant Cryptocurrency

When searching for an accountant cryptocurrency look no further than Acro Accounting & Financial Planning. Our team is committed to providing exceptional service and support, making your tax season stress-free and successful.

Business Accountants & Business Advisors in Logan

Cryptocurrency Accountants

For well experienced cryptocurrency accountants, Acro Accounting & Financial Planning is the name you can trust. We offer a wide range of tax accounting services designed to meet the needs of individuals, families, and businesses in your community.

Our Crypto Tax Services Include:

Crypto Tax Planning and Strategy:

Navigating the complexities of cryptocurrency taxation requires a comprehensive approach. Our team specialises in crafting tailored tax strategies designed to optimise your financial position. We analyse your crypto holdings, investment goals, and financial situation to develop a customised plan that maximises deductions, minimises tax liabilities, and ensures compliance with relevant regulations.

Tax Reporting and Compliance:

Stay ahead of tax obligations and regulatory requirements with our tax reporting and compliance services. We assist in accurately documenting and reporting your cryptocurrency transactions to the appropriate authorities, ensuring full compliance with tax laws and regulations. Our thorough approach helps mitigate the risk of audits and penalties while providing peace of mind.

Capital Gains and Losses Calculation:

Calculating capital gains and losses accurately is essential for proper tax reporting. Our experts utilise sophisticated methodologies to calculate your cryptocurrency capital gains and losses. By meticulously analysing transaction data and market fluctuations, we ensure precise calculations that optimise tax outcomes and maximise potential deductions.

Why Acro Accounting & Financial Planning is Your Ideal Choice

As a investor, managing finances can be overwhelming amidst your other responsibilities. At Acro, we specialise in easing this burden with tailored solutions designed to support your investment success.

Business Accountants & Business Advisors in Logan
Small Business Accounting Experts

From meticulous tax preparation and strategic planning to comprehensive financial consulting and auditing, we offer a full spectrum of accounting services. Our commitment to personalised service ensures that managing finances is stress-free for small and medium-sized business owners.

Locally Owned and Dedicated Service Areas

Proudly locally owned and operated in Logan & Brisbane, we are deeply rooted in the success of our community. Our mission is to deliver top-quality services that foster growth and prosperity for local small businesses. By choosing Acro, you're choosing a partner invested in your business's longevity and success.

Tailored, Custom Solutions

Recognising the uniqueness of every small business, our team collaborates closely with you to understand your specific needs. We then craft customised solutions that address your challenges and optimise your financial management.

Timely and Efficient Service

We understand the importance of timely accounting and bookkeeping services. Our team guarantees prompt and efficient service delivery, ensuring your financial records are up-to-date and compliant, allowing you to focus on business growth.

Comprehensive Support

Beyond traditional accounting services like bookkeeping and tax preparation, we offer proactive financial planning and insightful consulting. This holistic approach empowers your business with strategic insights and operational efficiencies.

Personalised Attention and Support

At Acro Accounting & Financial Planning, we prioritise client relationships and provide personalised attention. Our dedicated team is always available to address your inquiries and provide ongoing support, ensuring you receive the highest level of service and satisfaction.

Discover what our clients have to say about their experience with Acro Accounting & Financial Planning.

Our commitment to excellence is reflected in the success stories of those we've had the privilege to serve.

malcolm wallace
malcolm wallace
05:01 14 Jun 24
always helpful
The Health & Well-Being Hub
The Health & Well-Being Hub
02:07 05 Dec 23
I have to say that Acro accounting is very professional in their work. Acro accounting is very helpful when it comes to asking questions and replying to emails.I highly recommend Acro accounting & Financial planning
Ali Kadri
Ali Kadri
05:50 01 Dec 23
One of the best and most efficient accounting and financial planning firm around. I use their services for my business and personal tax related matters and they do an amazing job.
Anjali Emery
Anjali Emery
06:23 06 Nov 23
Amazing Team, very professional, thorough and always prompt with tasks and assistance, would highly recommend for any business wanting their Bookkeeping, Taxes, Financial Planning done.
Soko Tuipulotu
Soko Tuipulotu
00:37 01 Nov 23
I have been associating with Acro Accounting & Financial Planning for 22 years. For me running my business was like, running a boat in rough seas. Sometimes it’s very rough, and at times it’s smooths out. And during these period of times; Acro Accounting & Financial Planning was like a father to me, solving all my problem's along the way. Big or small, they always be there for me. Outstanding services, and, their response to a problem was second to none. Very prompt! My recommendation to anyone out there who is looking for an accountant, Acro Accounting & Financial Services is the way to go.
Jesoni Cakacaka
Jesoni Cakacaka
22:13 20 Aug 23
We have been with Acro accounting ever since we opened up our Business 10 Years ago and we highly recommend them. Very helpful indeed. Thank you for looking after us. Appreciate it
Pete Misikea
Pete Misikea
02:36 11 Aug 23
Acro is really easy to deal with and have always been helpful and willing to help out with all areas of our personal &company tax accounting, trusts and superannuation etc. Keep up the good work team. I highly recommend..!
See All Reviews

Why Work with Our Crypto Tax Accountants?

Are you navigating the complexities of crypto taxation and seeking to meet your tax obligations? Look no further.

Our team of seasoned crypto tax accountants is here to offer you unparalleled expertise and support.

Expertise: Our team comprises top-notch crypto tax specialists with a deep understanding of the ever-evolving crypto tax landscape. We stay ahead of the curve to provide you with the most accurate and up-to-date guidance.

Tailored Strategies: We understand that each crypto investor's situation is unique. That's why we tailor our strategies to fit your specific needs and goals, ensuring that you maximise your returns while remaining compliant with tax regulations.

Comprehensive Support: From initial consultation to ongoing support, we're with you every step of the way. Whether you're a seasoned trader or new to the world of cryptocurrency, we provide the support and guidance you need to navigate the complexities of crypto taxation with confidence.

Frequently Asked Questions

What does a crypto tax accountant do, and do I need one?

Crypto tax accountants oversee the taxation and reporting aspects of your digital investments. Collaborating with a crypto tax accountant empowers you to safeguard your virtual currency, ensuring compliance with legal regulations and minimising the risk of legal complications. They adeptly navigate evolving tax laws and provide guidance in managing the accounting intricacies associated with crypto assets, fostering a secure and compliant financial environment for your virtual investments.

How much is crypto taxed in Australia?

In Australia, cryptocurrencies are treated as assets for tax purposes rather than currency. Therefore, they are subject to Capital Gains Tax (CGT) when disposed of or traded. The amount of tax imposed on cryptocurrencies depends on various factors, including the holding period, the purchase price, the selling price, and any applicable deductions or exemptions.

Under Australian tax law, individuals are required to report capital gains from cryptocurrency transactions in their annual tax returns. The capital gain is calculated by subtracting the cost base (purchase price plus associated costs) from the capital proceeds (selling price minus associated costs). The resulting gain is then included in the individual's taxable income and taxed at their marginal tax rate.

Additionally, individuals may be eligible for certain CGT concessions or discounts depending on factors such as the length of time the cryptocurrency was held. It's important for taxpayers to maintain accurate records of their cryptocurrency transactions to ensure compliance with tax regulations and accurately calculate their tax obligations.

Is it important to know the

tax consequences?

Yes, it is crucial to understand the tax consequences for cryptocurrency in Australia. Cryptocurrency transactions are subject to taxation under Australian law, and failure to comply with tax obligations can result in penalties, fines, and legal consequences. Understanding the tax implications ensures that individuals and businesses can accurately report their cryptocurrency activities, maintain compliance with tax regulations, and avoid potential legal issues.

Furthermore, knowing the tax consequences allows individuals to effectively plan and manage their cryptocurrency investments. By understanding how taxation impacts their financial outcomes, investors can make informed decisions regarding buying, selling, and holding cryptocurrencies. This knowledge also enables individuals to optimise their tax positions, potentially minimising tax liabilities through strategic planning and utilising available deductions or concessions.

In summary, being aware of the tax consequences for cryptocurrency in Australia is essential for legal compliance, financial planning, and mitigating risks associated with non-compliance.

What are the tax consequences

for cryptocurrencies?

It's a misconception that cryptocurrencies like bitcoin are tax-exempt. Should you purchase cryptocurrency and subsequently sell it at a profit, the resulting gain would typically be classified and treated as a capital gain. Consequently, you'd be obligated to pay tax on this capital gain at your marginal tax rate. If you held the cryptocurrency for longer than 12 months, you might qualify for a 50% discount on the capital gain.

This example illustrates just one of the potential tax ramifications. If you engage in regular trading or participate in coin mining activities, this could signal to the Australian Taxation Office (ATO) that you're involved in the business of cryptocurrency trading, potentially altering your tax treatment. It's essential to note that the ATO has access to trading data from all cryptocurrency exchanges, both domestic and international, meaning any profits derived from cryptocurrency trading must be declared to avoid potential repercussions.