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What are crypto tax returns?
We have helped over hundreds of crypto investors achieve tax compliance with the on-time filing of taxes.
Crypto tax returns refer to an aspect of the regulatory landscape surrounding cryptocurrency trading.
As the popularity and use of digital currencies has grown, so too has the need for governments and financial institutions to keep track of these assets.
This can be challenging, since cryptocurrencies are decentralized and cannot easily be tracked on a centralized ledger.
However, by working with individual investors to calculate and file their crypto tax returns, financial institutions and government agencies can gain a clearer picture of the state of the crypto ecosystem.
Ultimately, understanding cryptocurrency taxation is an important step in developing a deeper understanding of cryptocurrency trading as a whole.
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offerings
Your reliable partner for crypto taxation
CleanSlate is a leading provider of crypto taxation solutions that helps to ensure compliance with tax regulations around the world.
Affordable packages
We understand the importance of budgeting and work to provide the best value for our clients with our flexible pricing package.
Personalized consultation
We provide personalized consultation to help navigate the often complex regulatory landscape surrounding cryptocurrencies.
Expert guidance
Our team of experts has experience with both traditional finance and cryptocurrency markets, and on the tax implications of crypto trading.
Proactive lodgments
We stay up to date on the latest developments in crypto taxation and proactively file your returns to keep you ahead of the game.
Packages
Fixed monthly fee for
Fixed monthly fee for
a defined scope of services
Many clients appreciate having bookkeeping and tax services under one roof, while also enjoying the predictability of a fixed fee. Below is our indicative fee for a standard scope of work:
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Unlimited support
Quick onboarding
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Only Bookkeeping & BAS
Only bookkeeping and BAS (Does not cover tax returns, payroll and super):
From
$165/month
*ex GST
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
- Full financial statements
- QuickBooks subscription
- Annual business tax return
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping & Tax combined
For bookkeeping, BAS and tax returns (but no payroll or Super included):
From
$225/month
*ex GST
- Annual business tax return
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
Bookkeeping, Tax & Payroll
All inclusive package: Bookkeeping, BAS, payroll, Super and tax returns:
From
$280/month
*ex GST
- Annual business tax return
- Full financial statements
- Software subscription
- Regular bookkeeping
- Track income and expenses
- Online BAS lodgment
-
Payroll processing
for up to 5 employees
- STP reporting
- Employer super reporting
How is cryptocurrency taxation different?
Cryptocurrency taxation is a complex and challenging topic for many reasons.
On the one hand, traditional forms of currency are subject to taxation on every transaction, meaning that every time you purchase something with cash or a credit card, you will be required to pay tax on your earnings.
However, with cryptocurrency, the situation is somewhat different. Though transactions using digital currencies do incur taxes in some cases, the process of attributing taxable income to these transactions is more complicated.
Therefore, it is important for you to work with a tax consultant who is proficient in Australian tax matters.
Overall, due to the evolving nature of cryptocurrency taxation policy and the challenges associated with tracking individual usage of these digital assets, taxpayers must be extremely vigilant when managing their cryptocurrency holdings.
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What does a crypto tax accountant do?
CGT estimation
You can be confident that your estimate is accurate and that you won't end up paying more than is required under the law.
NFT taxes
Our team will accurately calculate and file your company's tax return with proper documentation.
DAO taxes
We are tax specialists in the field of digital asset management, and help develop strategies for estimating taxes related to DAOs.
DeFi crypto taxes
Whether you are a seasoned trader or just beginning to get involved in DeFi, we help guide you through this evolving space.
Why us
Why choose CleanSlate for your crypto tax needs?
At CleanSlate, we are committed to providing our clients with the best possible crypto tax services.
We know that navigating the complex and ever-changing world of crypto tax can be difficult, especially when there is so much uncertainty and conflicting information out there.
That's why we work tirelessly to stay on top of developments in this field, using expert-level software and tools to ensure that our clients get the most accurate results possible.
Plus, with our friendly and responsive customer service team, you can rest assured that we will always be available to answer any questions or concerns that you may have along the way.
Choose us today and start enjoying peace of mind about your crypto tax needs!
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TESTIMONIALs
Client reviews
Josel Jose
(A vivid property investor)
If you're looking for an excellent accounting and tax service, CleanSlate is definitely worth considering. The team is very professional and supportive, and the process is streamlined and efficient. Overall, I've had a great experience working with them!
Questions
Frequently
Frequently
asked questions
The short answer to this question is yes, crypto is taxed in Australia. All income generated from crypto transactions in Australia is considered taxable and must be reported to the Australian Tax Office (ATO).
In order to properly assess and tax these transactions, the ATO keeps a close eye on all forms of cryptocurrency trading. This includes traditional exchanges as well as newer methods such as initial coin offerings (ICOs) and digital wallets.
However, it's important to note that the specific tax requirements may vary depending on the exact type of crypto activity that you are engaged in.
Regardless of the type of transaction you're involved with, it's crucial to educate yourself about how crypto is taxed in Australia so that you can stay on top of your taxes and avoid costly penalties down the road.
In Australia, any cryptocurrency transactions that you make need to be reported on your tax return. This is because cryptocurrencies are considered a form of property for taxation purposes, and they are subject to the same taxes and regulations as other investment or income-generating assets.
To properly report your cryptocurrency transactions on your tax return, you will need to know the exact amount that you have earned from each specific transaction. You must also include details about the type of asset that was traded, as well as important information about the date, time, and location of each trade.
Tax obligations and cryptocurrency transactions can be a bit confusing, especially for those new to the world of digital currencies.
If you're not sure how to accurately report your cryptocurrency activities in Australia, it's best to consult with a tax professional who can help you navigate this complex topic and ensure that your taxes are filed correctly.
Arguably, a tax professional can help you with BAS lodgements, GST registration, PAYG registration and all other taxation matters as well.
At the end of the day, tracking your financial activities is one of the best ways to stay informed and avoid unwanted tax obligations related to digital currency investments.
Capital gains and losses are an important consideration for anyone who invests in cryptocurrency in Australia. These factors affect the amount of tax that one must pay on profits from their crypto investments, so it is essential to understand how they work and how they might impact your bottom line.
In general, a capital gain occurs when the sale price of an asset is greater than the original purchase price. Conversely, a loss occurs when the asset is sold at a lower price than its initial cost.
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