Cryptocurrency record keeping
Cryptocurrency record keeping is an essential part of managing your crypto assets in Australia and is required to meet your tax obligations.
Reviewing BGL cryptocurrency transactions
Once you’ve synced the crypto transactions from Syla into BGL, there’s a few steps you can do to confirm that everything has come through perfectly.
SMSF crypto compliance requirements
SMSFs are a highly regulated entity, and it’s particularly important when it comes to crypto investments, that all super laws contained in SISA and SISR are being complied with.
Are crypto airdrops taxable in Australia
Knowing the Australian tax treatment of a crypto airdrop will ensure you are correctly reporting any tokens you receive in your tax return.
Is swapping crypto taxable in Australia?
Crypto to crypto swaps are considered taxable by the ATO, and are subject to capital gains tax for investors.
Can you claim crypto losses on taxes in Australia?
Australian tax law let’s you claim every single crypto loss on your tax return and it can lead to massive tax savings 🙂 here’s how!
How to calculate capital gains tax on crypto in Australia
As an Australian taxpayer, if you purchased crypto for an investment, then you’ll be subject to Capital Gains Tax (CGT) when you sell or dispose of your crypto.
How to claim a tax loss from ACX?
In 2021 Australian exchange ACX collapsed, leaving many investors wondering if they could claim a crypto tax loss on ACX.
Claiming Terra LUNA tax loss
LUNA was revived in the form of a new blockchain and token, but the question for many Australian investors, is what do I do with my worthless LUNA, and can the LUNA loss be claimed on my tax return?
How to claim Celsius tax loss?
Celsius, a once high performing global crypto platform, has filed for Chapter 11 bankruptcy in the US. With the initial shock over, many Australian investors are now asking if they can at least claim the tax loss on their Celsius investments?
How to minimise crypto tax in Australia
We’ve detailed the ten most effective and legal ways to minimise your crypto tax without sending red flags to the ATO. We call them crypto tax hacks, because they are the legal tax loopholes in Australia that you are allowed to take advantage of.
How to legally avoid crypto tax in Australia
With taxes in Australia capping out at an excruciating 47%, the question on the mind of many crypto investors is, how do I avoid paying crypto tax? While it’s rare to be able to fully reduce your tax to zero, there are some well know strategies within the tax industry that you can use, and a number of situations where you can legally avoid crypto tax entirely.
Tax on crypto gambling
Crypto gambling may be one the few opportunities available to legally pay no crypto tax in Australia. Lucky punters get to hold on to their winnings and share nothing with the ATO.
GST crypto tax on NFTs for Electronic Distribution Platforms (EDP)
Online NFT marketplaces that are considered an Electronic Distribution Platforms (EDP), are required to collect and remit GST on sales from merchants to Australian consumers.
Can I claim my FTX loss?
Those with substantial losses due to the FTX bankruptcy will want to claim the tax loss. In this article we explain how and when a capital loss can be claimed when there are insolvency proceedings.
How to pay employees with crypto
An increasing number of Australian’s are choosing to be paid in crypto by their employers. We will explain every possible way to pay employees with crypto and the tax implications it will have on your business.
Submission to the Board of Taxation Review on the tax treatment of digital assets
Syla recently submitted a response to the Board of Taxation's consultation guide for the review of tax treatment of digital assets and transactions.
Australian Government supports solving Crypto Tax with Syla
Funding from the Boosting Female Founders grant will enable Syla to bring tax certainty to Australian crypto investors, with its AI-driven crypto tax software.