Business Services
Our team of Chartered Accountants delivers specialised accounting, tax, and advisory services tailored for businesses navigating the dynamic crypto sector. With deep expertise in blockchain technology and cryptocurrency regulations, we ensure compliance and optimise accounting processes and strategies to drive your success.
Proud
member of
Accounting & Tax
Our full suite of tax and accounting services offered to our business clients ensure they meet their ongoing compliance obligations as effectively and efficiently as possible.
- Bookkeeping
- Payroll
- Business Activity Statements
- Financial Reporting
- Tax Returns
- Virtual CFO
Management Reporting
Maintaining accurate and timely records of your business allows you to analyse its performance to make data-driven decisions.
- Organise and interpret your financial data into meaningful reports, providing you with valuable insights to guide your strategic decision making.
- Our management reporting and business analytics solutions will enable your business to unlock the value in your existing data to drive future growth and profitability.
Group Structuring
Establishing the correct legal structure for your business from inception can provide tax efficiencies while also protecting your business assets. Our team can guide you through the process, eliminating uncertainty and giving you confidence and peace of mind.
- We can assist you in restructuring existing businesses for a variety of reasons.
- We have the expertise to guide you through restructuring & specific tax concessions that might be available to you.
Join the leading organisations
collaborating with Tax On Chain.
Our team’s achievements have been recognised by leading publications . Enquire today to see how we can help you unchain your enterprise from accounting and tax worries.
What it’s like to work with
our crypto accountants.
Our relationships with our clients go beyond the services we provide. We believe that crypto thrives on community and we aim to develop a network of likeminded individuals home to enriching conversations fuelled by innovations occurring on-chain.
The team at Tax On Chain are approachable, hardworking tax professionals who understand both traditional tax matters and nuances around blockchain-related transactions. At ATB we are proud to have them as regular attendees at our monthly events!
Matt Hooper
All Things Blockchain
The team at Tax On Chain are my go-to trusted advisors for all things accountancy. Their expertise in cryptocurrency gives me the extra peace of mind for accurate and commercially sound financial reports and tax returns.
Will Deeb
Associate
Clyde & Co
Frequently Asked Questions
Do you service businesses that aren’t involved with crypto?
Yes! Our team has a traditional accounting background and we happily service businesses that aren’t involved in the crypto space.
What services do you provide traditional businesses?
Payroll, BAS, financial reporting, tax returns, virtual CFO. We will tailor our services to your requirements.
My existing accountant doesn’t know how to deal with my business’ crypto investments, can you help?
Yes absolutely. We are happy to prepare crypto tax reports for your business that your current accountant can use when preparing your financial reports and tax return each year.
I want to start a business but don’t know where to start, can you help?
Our services encompass offering guidance on selecting the optimal business structure and facilitating the establishment of the necessary entities, including the registration of your TFN, ABN, and GST if necessary. Additionally, we can provide assistance in setting up bank accounts and selecting suitable bookkeeping software, enabling you to effectively manage your business’s financial affairs.
Do I need to register for GST?
You must register for GST if your business has a GST turnover of $75,000 or more. Once registered for GST, you are required to submit either monthly or quarterly Business Activity Statements to the ATO where you will remit GST paid to you by customers/clients and claim GST credits back on expenses you have incurred that included GST.
How do I withhold tax on amounts I am paying employees?
If you are paying wages you are required to register for Pay As You Go (PAYG) withholding tax. Each pay cycle you will then be required to withhold the appropriate amount of tax from payments made to your employees as determined by the ATO tax tables. The tax you have withheld will then be paid to the ATO when you lodge your monthly/quarterly Business Activity Statements. It is best to use accounting software and engage a tax professional to ensure you are withholding and lodging the correct amounts.
What is a Business Activity Statement (BAS)?
A Business Activity Statement (BAS) is a regular financial reporting requirement for businesses in Australia. It is typically submitted to the Australian Taxation Office (ATO) either monthly or quarterly, depending on the business’s turnover and other factors. The BAS contains information about a business’s taxable sales, purchases, and other transactions, and it is used to report and pay Goods and Services Tax (GST), Pay As You Go (PAYG) withholding tax, and other tax obligations. It helps businesses reconcile the taxes they collect from customers with the taxes they owe to the government, ensuring compliance with tax regulations.
Can you help prepare and lodge my Business Activity Statements (BASs)?
Yes, we will work with you to ensure you are reporting and remitting the correct amounts to the ATO to ensure compliance with your GST and PAYG requirements.