Link to webinar:
Mastering crypto accounting and transforming challenges into opportunities
This session will equip participants with comprehensive knowledge and expertise in the dynamic field of crypto accounting. Led by Rafael Franco, a Chartered Accountant and Director of Tax On Chain, this session is designed to provide a deep understanding of cryptocurrency activities, tax implications, and key concerns for the Australian Taxation Office (ATO).
In a financial landscape where cryptocurrencies are revolutionising traditional systems, accountants and financial professionals face new challenges and opportunities. This session sets the stage for a transformative learning experience that will empower you.
- Gain In-Depth Knowledge: Understand the true nature of various crypto activities, including investment through both centralised and decentralised exchanges, staking, airdrops, participation in DAOs, and NFT-related activities.
- Master Tax Implications: Explore the tax implications of NFT investments and other NFT-related endeavours. Learn to apply your knowledge to determine the correct tax treatment for staking and airdrop scenarios.
- Hands-On Practical Examples: Witness live demonstrations of using essential software and tools required to effectively manage crypto clients’ tax affairs, providing you with practical skills to apply in your professional practice.
- Navigate Business Transactions: Grasp when cryptocurrency dealings qualify as a business and how trading stock provisions apply. Gain insights into the GST implications of cryptocurrency in business transactions and the taxation aspects of accepting cryptocurrency as payment.
Learning Outcomes:
Upon completion of this session, participants can expect to:
- Effectively explain the nature of various crypto activities, rooted in their understanding of the underlying protocols.
- Analyse and comprehend the tax implications of cryptocurrency investments and activities, particularly those related to NFTs.
- Apply their knowledge to determine the correct tax treatment for staking and airdrop scenarios.
- Articulate the classification of cryptocurrency dealings as business-related and navigate the intricacies of trading stock provisions.
- Discuss the GST implications of cryptocurrency transactions within a business context.
- Understand the complexities of investing in cryptocurrency through a Self-Managed Superannuation Fund.
- Acquire practical skills through live demonstrations of essential software and tools for managing crypto clients’ tax affairs.
- Demonstrate a profound understanding of the taxation implications associated with accepting cryptocurrency as payment for goods and services.
- Gain insights into the key areas of interest for the ATO in the cryptocurrency investment space.
Suited to:
Tax and accounting professionals
This E-Learning includes:
- a recording of the webinar Event which can be viewed multiple times
- a PDF of the presenter’s PowerPoint
- a verbatim Transcript
- any supporting documentation
- a CPD Certificate after successful completion of the Knowledge Quiz
