Cryptocurrency Accountants Sydney, Melbourne and Brisbane

Cryptocurrency Tax Accountants in Australia

A team of Chartered Accountants by profession, Valles Accountants are active crypto investors and true believers in the future of public blockchains. We are your cryptocurrency accountants in Sydney, Melbourne and Brisbane.

Valles cryptocurrency tax consultants have been involved in the cryptocurrency space since late 2015.

Our cryptocurrency accountants in Sydney, Melbourne and Brisbane endured the crypto rollercoaster through the highs of 2017. During this time, our cryptocurrency tax consultants assisted many of the local Australian ICOs through the complex taxation issues surrounding coin raises and the preparation of financials for teams primarily relying on crypto transactions. Valles cryptocurrency tax consultants have:

 

Assisted clients with blockchain projects

With over a $100 million dollar raise

Prepared financials and assisted in strong tax advice

To several Cryptocurrency clients.

Liaise with Blockchain Australia

And have been sponsors to Blockchain conferences.

Liaised with high ranking ATO Officials

In relation to Cryptocurrency policies.

Cryptocurrency tax advice

What we do

Beyond ordinary accounting

Compliance: Accounting & Taxation
Corporate Advisory & Consultation
Cryptocurrency Accountant
NFT Accountant – Australia
Disputes

Tailored accounting services

Family Law Matters
International Businesses
International Tax
Merge and Acquisitions
Deceased Estates

Our Locations

Looking for a cryptocurrency accountant near you?

Valles cryptocurrency tax accountants in Australia are found in Sydney, Melbourne and Brisbane. Our cryptocurrency tax consultants work closely with each of our clients, whether individuals or organisations, to find the best solutions for your circumstances.

Valles cryptocurrency accountants in Sydney can advise you on the ins and outs of the tax implications for crypto. We bring years of experience across both the investing and the taxing of cryptocurrency.

Our chartered cryptocurrency tax accountants in Sydney provide nuanced cryptocurrency tax advice, for both individuals and organisations. Reach out to us for an experienced cryptocurrency tax consultant.

Since we first entered the cryptocurrency space in 2015, the Valles crypto accountants in Melbourne have kept our finger on the crypto pulse.

Now, with years of experience in both crypto investing and its tax implications, our crypto accountants in Melbourne can consult you on how to manage your tax requirements around the cryptocurrency tax laws in Australia.

Valles cryptocurrency accountants in Brisbane provide tailored and nuanced advice on cryptocurrency tax laws in Australia. Our clients range from individual investors to businesses to not-for-profit organisations.

We are certified cryptocurrency accountants in Brisbane by profession, and crypto investors by passion. Contact us to have a strategy in place to manage your ATO reporting and tax implications.

Cryptocurrency Tax Laws in Australia

Cryptocurrency tax laws in Australia are rapidly evolving as regulators struggle to keep up with the foundations of the market being built.

How Capital Gains Tax (CGT) is applied to cryptocurrency assets depends on factors such as how the crypto is sold or used, how you transfer from one currency to another, and other considerations. All of these will be taken into account by your cryptocurrency tax consultant.

There is currently little or no guidance from the ATO about trading crypto derivatives such as margins, futures, contracts or options also exist. We recommend you talk with our cryptocurrency tax consultants for the guidance you need to manage your tax strategy and tax treatment in crypto trading.

Looking for cryptocurrency accountants near you?

Contact the Valles cryptocurrency accountants in Sydney, Melbourne and Brisbane.

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As the Managing Director of iWills Legal, I've had the privilege of collaborating with Greg and his team with mutual clients, on numerous occasions, and each interaction has surpassed all expectations in terms of hisproficiency and commitment to the outcome.

Teresa Catalano (Managing Principal) iWills Legal

Ray Roberts profile image

Workforce International Group operates all over Australia. Valles Accountants, have provided us with strong strategic advice and support over many years. They have dealt with many complex issues and resolved them in a prompt and timely manner. Greg Valles and his team are a highly regarded and competent company.

Ray Roberts - CEO Workforce International Group & Workforce Marine Group

Legendary AFL player Dipper

I have been with Greg Valles now for 8 years could not think of a better person to Trust and Talk regarding business and Life, he has become one of my personal friends that I lean on when needed. I can only say what I know.

Robert DiPierdomenico - Footy Legend, AFL Hall of Fame Inductee, Entrepreneur, and All-around Great Guy

Clare Besley

Greg and his team are not only incredibly talented but have a strong sense of integrity and the ability to make their customers feel highly valued and understood. No problem or issue is too big or too hard when it comes to accounting!! I have had my company in Greg’s safe hands for many years and I would never go anywhere else!!

Claire Besley - CEO & Founder | Self Directed Healing Practitioner Trainer | Speaker | Executive Coach

Tom Ryan

I have known, worked with and been a client of Greg’s for some time. I have found his expertise in corporate structuring, tax and business strategy to be exceptional and in particular highly appreciate his team’s willingness and enthusiasm to collaborate with the other stakeholders of high-end clients to develop holistic business solutions.

Tom Ryan - Executive, Capital Markets & Funds Management

Cryptocurrency Tax Accountant – FAQs

Cryptocurrency losses are tax-deductible under the ATO.

Like any other form of asset acquired for investment purposes, the capital gains on the asset is taxed when the asset is disposed of, but a net capital loss can be used to reduce the CGT on other assets. A cryptocurrency tax consultant can assist with calculating how CGT and tax deduction laws apply on crypto.

Cryptocurrency transactions are subject to taxation in Australia, just like any other type of asset.

If you’re buying, selling or trading crypto, it’s important to stay compliant and declare any profits or losses on your tax return.

Here are three top tips from our crypto tax accountants to help you remain compliant:

1. Keep records of all your crypto transactions. This includes the date, value and type of crypto, as well as the name and address of the other party. Our crypto accountants can help you keep track of your taxes.

2. Report any crypto-related taxable income on your tax return. This includes any capital gains or losses from selling crypto, as well as business income from mining or staking.

3. Don’t forget to include crypto in your asset declaration. If you’re holding more than $10,000 worth of crypto, you’ll need to declare it on your annual asset declaration form.

By following these tips, you can ensure that you’re staying compliant with cryptocurrency taxation in Australia. For more information, speak to Valles and our crypto accountants today.

A cryptocurrency is considered an asset for tax purposes – not a currency. Its tax treatment is similar to other assets, such as shares.

Though Bitcoin and other forms of crypto are currencies, they are not treated as currencies for tax purposes. The ATO treats cryptocurrency as an asset, or an investment with a price in AUD that fluctuates over time. Cryptocurrencies are taxed accordingly, with the relevant CGT and CGT deductions applied.

If you’re looking for an accountant that specialises in cryptocurrency tax in Australia, look no further than Valles Accountants.

We have a team of experienced and qualified crypto accountants who are up-to-date with the latest tax obligations and laws, and we can help you maximise your tax return.

We understand the challenges that come with crypto taxes, and we’re here to help you navigate the process.

Contact our crypto tax advisors today to book a consultation, and we’ll be happy to answer any of your questions.

Contact us

Reach Out to Valles Accountants Now!

We are experts in tax accounting in Australia. Contact Valles for tax accountants near you.