SnapShot Web3 Advisory
  • 👋Welcome to Snapshot Web3 Accounting & Advisory!
  • OVERVIEW
    • 🙋‍♂️Meet the Founder!
    • 💡What problems do we solve for you?
      • Reducing your mental load as a founder 🤯
      • Implementing accounting subledger & tax software
      • Protecting your cash runway 🔥
      • Staying out of trouble with the ATO
      • Web3 advisor network at your fingertips
      • Optimising your wallet structure
      • Give your investors more confidence in your project
      • Support with fundraising & token launches
  • Our Services
    • 🤝Crypto Accounting Package
    • 💪Crypto & Fiat Accounting Package
    • 🔮Forecast Preparation
    • 📊On-Chain Accounting System Implementation
    • 🔐Wallet Structure Review & Implementation
    • 🧮Founder Crypto Accounting & Tax Reporting
  • A bit about us
    • 📅Let's get in contact
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  1. OVERVIEW
  2. What problems do we solve for you?

Staying out of trouble with the ATO

PreviousProtecting your cash runway 🔥NextWeb3 advisor network at your fingertips

Last updated 7 months ago

We relieve the stress of your ATO reporting by keeping you up to date with your reporting obligations to the ATO including:

  • Advising on application of GST & income tax to your project

  • Preparation of workpapers & lodgment of business activity statements

  • Preparation & lodgment of payroll related obligations including single touch payroll

  • Preparation of on-chain related workpapers for your tax accountant

A high-level summary of income tax treatment of using cryptocurrency in your business can be found here:

A high-level summary of income GST implications of using cryptocurrency in your business can be found here:

💡
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/income-and-deductions-for-business/crypto-assets-and-business/crypto-assets-used-in-business
https://www.ato.gov.au/businesses-and-organisations/gst-excise-and-indirect-taxes/gst/in-detail/your-industry/gst-and-crypto-assets/gst-and-digital-currency-as-payment