Author Archives: Thomas Sparks

How to Find the Best Crypto Tax Accountant in 2024

Crypto Tax Accountant

In the rapidly evolving world of cryptocurrency, staying compliant with tax regulations can be daunting. As crypto investments grow, so does the complexity of managing taxes related to them. This is where a skilled crypto tax accountant becomes invaluable. But with so many crypto tax accountants out there, how do you find the perfect one?

How Holding Company Work: Definition and Key Benefits

Holding Company

The ability to manage a diverse range of businesses under one umbrella is a hallmark of many successful corporations. From retail giants offering a multitude of products to media conglomerates owning various channels, these sprawling business empires often have a secret weapon: the holding company. But what exactly is a holding company, and how can

How to Maximise the R&D Tax Incentive: Your Ultimate Guide for 2024

R&D Tax Incentive

Navigating the world of research and development (R&D) can be challenging, but the rewards are worth it. One significant benefit is the R&D Tax Incentive. This government program is designed to put real money back in your pocket by providing substantial financial support for your innovation and efforts. But how to make sure you’re getting

Your Roadmap To Preparing Crypto Tax In Australia (part 3)

How to calculate capital gains tax on crypto

In parts 1 and 2 of Your Roadmap To Preparing Crypto Tax In Australia we established that your roadmap to preparing crypto tax in Australia was: 1. Understand the regulations on cryptocurrency taxation 2. Gather documentation of all crypto transactions 3. Calculate your profits and losses 4. Identify acquisitions, disposals and income from crypto assets

Your Roadmap To Preparing Crypto Tax In Australia (part 2)

How to calculate capital gains tax on crypto

In part 1 of Your Roadmap To Preparing Crypto Tax In Australia we established that your roadmap to preparing crypto tax in Australia was: 1. Understand the regulations on cryptocurrency taxation 2. Gather documentation of all crypto transactions 3. Calculate your profits and losses 4. Identify acquisitions, disposals and income from crypto assets 5. Determine

Your Roadmap To Preparing Crypto Tax In Australia (part 1)

How to calculate capital gains tax on crypto

The Australian Taxation Office (ATO) has made it clear that cryptocurrency is subject to the same tax rules as other forms of investments. Preparing your crypto tax in Australia may seem daunting, but you don’t have to go it alone! With the right roadmap, you can confidently prepare and lodge your crypto tax and make