Cryptocurrency Accountants in Melbourne
Crypto transactions are not as simple as traditional banking. Every trade, swap, or transfer can trigger a tax event. Whether you’re investing, staking, mining, or trading NFTs, proper cryptocurrency accounting is essential for staying compliant with ATO regulations.
A single wallet may contain thousands of transactions across multiple exchanges. Without experienced cryptocurrency accountants, it’s easy to miss taxable events or miscalculate capital gains. Our team ensures your records are complete, your gains are accurately calculated, and your obligations are fully met.
Understanding Cryptocurrency Tax Returns
ATO treats most crypto activity as a capital gains tax (CGT) event. This means your buying, selling, or converting of crypto needs to be tracked and reported. Preparing cryptocurrency tax returns involves more than just listing trades, it requires accurate cost base calculations, identification of income from staking or DeFi platforms, and record reconciliation.
With our help, you can reduce your tax liabilities legally and ensure your cryptocurrency tax returns are filed on time. We work with popular platforms and wallets to streamline data imports and offer expert support for audits or ATO reviews.
What We Offer?
We provide specialised cryptocurrency accounting and tax services tailored to investors, day traders, and crypto-native businesses. Our services include:
Crypto Tax Advice and Planning
We help you understand your tax obligations and plan your investments with compliance in mind.
Crypto Transaction Tracking
We use advanced tools to track and reconcile crypto transactions across all major exchanges and wallets.
Cryptocurrency Tax Returns Preparation
We prepare accurate cryptocurrency tax returns, including income from staking, mining, DeFi, and NFTs.
Capital Gains Reporting
Our team ensures your capital gains and losses are properly calculated and optimised for tax purposes.
Business Crypto Accounting
If your business accepts or pays with crypto, we offer full cryptocurrency accounting services to keep you compliant and audit-ready.
We’re Here to Help.
How We Work?
We’ve simplified the process of working with cryptocurrency accountants into a few easy steps:
Initial Consultation
We start with a detailed consultation to understand your investment activity and tax situation.
Data Collection and Integration
Our team gathers data from your exchanges, wallets, and DeFi platforms. We use advanced crypto accounting software to streamline the process.
Record Review and Calculation
We reconcile your transactions, calculate gains/losses, and assess any income earned from crypto activity.
Tax Return Preparation
We prepare and file your cryptocurrency tax returns accurately and on time, ensuring ATO compliance.
Ongoing Crypto Tax Support
Crypto markets move fast, so we offer ongoing support to keep your tax strategy aligned with current laws and your investment goals.
Why Choose Nanak Accountants?
Choosing the right cryptocurrency accountants in Melbourne means more than just tax advice, it means peace of mind. At Nanak Accountants, we stay ahead of crypto tax laws and provide accurate, human-first advice for all your digital asset activities.
We combine experience in tax law with deep crypto knowledge to deliver smart, reliable solutions. Whether you’re a long-term investor or a high-frequency trader, our cryptocurrency accounting services are designed to protect your profits and minimise your tax burden.
Need help navigating your crypto tax obligations? Our expert cryptocurrency accountants in Melbourne team is ready to support you. Whether you’re investing, trading, or building in the crypto space, we provide trusted cryptocurrency accounting and tax services tailored to your needs.
Call us today or fill out the form below to schedule a consultation and take control of your crypto finances.
Contact Us Today
Have questions about your cryptocurrency accountants ? Our dedicated team is here to help. Reach out via phone, email, or our online form, we’ll get back to you promptly with the advice and assistance you need.
Let’s make your next tax return your easiest yet.
Frequently Asked Questions
Do I need to report every crypto trade on my tax return?
Yes. Each trade, including swaps and conversions, is treated as a separate capital gains event. Our cryptocurrency accountants ensure every transaction is properly tracked and reported.
What happens if I’ve never reported crypto income before?
You may still have time to correct past errors. Our cryptocurrency accountants in Melbourne team can help you file amended returns and bring your records up to date.
Can you help with NFT and staking income?
Absolutely. We specialise in handling complex crypto activity, including NFT sales, staking rewards, and DeFi transactions. All of this is captured accurately in your cryptocurrency tax returns.
Can I claim losses from crypto trading on my tax return?
Yes, capital losses from crypto trading can be used to offset capital gains, potentially reducing your tax bill. Our cryptocurrency accountants can help you track and report these losses correctly to maximise your benefits.
Is crypto treated as personal use or investment by the ATO?
It depends on how and why you’re using it. The ATO distinguishes between personal use and investment. Our cryptocurrency accountants in Melbourne team can assess your situation and determine the correct classification for accurate reporting.
