Staying out of trouble with the ATO
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: 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
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/gst-excise-and-indirect-taxes/gst/in-detail/your-industry/gst-and-crypto-assets/gst-and-digital-currency-as-payment
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