6 Crypto Tax Accountants in Australia
Even relatively fully ready investors may find crypto tax season to be stressful, so it’s critical now more than ever to understand your tax responsibilities because the Australian Tax Office is heavily targeting cryptocurrency trading.
Fortunately, there are a number of accountancy companies in Australia that focus on bitcoin. For both novice and seasoned cryptocurrency traders, hiring an accountant may simplify tax season and guarantee that all of your financial obligations are met.
1. Kova Tax
Kova Tax has been one of Australia’s most recognised crypto accountants and is the first crypto-only accounting firm established in Brisbane, serving clients since 2019. The firm operates online and is based in Brisbane, spearheaded by crypto tax experts Maryna Covalence and Nick Christie.
Kova Tax is a member of many professional bodies, including The Tax Institute, The Institute of Public Accountants, Advisory Board Centre, Chartered Accountants, and the Digital Economy Council of Australia (DECA), also known as Blockchain Australia.
Kova Tax participates in the Tax Working Groups where they are driving positive legislative changes in the crypto and blockchain sector.In addition, the Kova Tax team provides a full crypto portfolio reconciliation service, compiling an extensive crypto tax report depending on your trading or investing activities.
They will help with the import of transaction data, balance reconciliation, and application of appropriate tax classifications for intricate situations such exchange insolvencies and missing transaction records during the portfolio reconciliation. They are able to use Lowest-Tax First-Out (LTFO) to optimise for better tax outcomes because of their collaboration with Australian crypto tax software Syla.
2. Goodwill Chartered Accountants Tax
Goodwill Chartered Accountants is a small company and cryptocurrency advisory firm situated in Brisbane. Thomas Cane, the current CEO, started the organisation. Cane has more than 10 years of expertise as an investor and a licensed chartered accountant.
The company has made a name for itself as an all-around accounting provider with a focus on helping small companies in the cryptocurrency space. However, people might also find themselves at home. One of GCA’s main goals is to provide regular cryptocurrency investors with inexpensive tax accommodations so they may fulfil all of their legal tax duties and pay the least amount of tax feasible.
3. WealthSafe
One of the most respected accounting companies in Australia, WealthSafe has a staff of professionals with more than 20 years of combined expertise. The firm first assisted people in need of tax assistance as well as small to large enterprises, but it has now expanded into the cryptocurrency space.
The WealthSafe accountants are no strangers to the field; their track record speaks for itself. Digital assets are only one of their many areas of expertise. WealthSafe claims that by taking advantage of legitimate tax loopholes, they have saved their clients over $55 million in their 20 years of business.
4. Fullstack
Many people consider Fullstack to be among Australia’s best cryptocurrency tax accountants. The crew is full of meticulous accountants with ongoing training in Web3 and blockchain technologies.
Being one of the oldest cryptocurrency tax providers in Australia, the business has established a solid reputation during its lengthy existence in the market. They cater to traders of all skill levels with a number of services; but, because of the price tiers, more committed, higher-volume investors will probably gain slightly more.
Additional services offered include tax filing, audit support, quality assurance evaluations, and a dedication to remain current with the rapidly changing taxation environment around digital currencies.
5. CryptoTax
One of the first local accountants in Melbourne that is familiar with cryptocurrency is CryptoTax. The renowned company was established in 2017 and has offices in Dandenong and the Mornington Peninsula. The group collaborates with RJSanderson and is a component of the Blockchain Centre.
Every aspect of the cryptocurrency industry is covered by CryptoTax, including enterprises that pay staff members with Bitcoin, specialised mining firms, and much more. In addition, the group may assist individuals, trusts, small enterprises, and SMSF holders.
6. Crypto Tax Australia
A area accounting company based in Melbourne’s northern suburbs is called Crypto Tax Australia. Since the team’s founding in 2017, qualified public accountants and licensed tax practitioners have successfully filed crypto tax documents.
Crypto Tax Australia offers all the services you would expect from a reputable tax company, including familiarity with more intricate Defib techniques, integration with well-known exchanges, and fundamental understanding of the subject.
In order to make sure every customer is taken care of when working together, the team provides after-hours, in-person, and virtual meetings. Together, CTA and the Australian exchange Swyftx and the cryptocurrency education portal Collective Shift are working to make the blockchain accessible to Australians.
