Expert Warns Tax Agents Can No Longer Turn a Blind Eye to Cryptocurrency

It’s never been more important for crypto investors to be aware of their tax responsibilities to avoid non-compliance.
Earlier this month, the ATO released their plans to ensure taxpayers report their crypto tax obligations.
Our director, Rafael Franco, shared some of his thoughts with the Accounting Times on the ATO’s increased focus on cryptocurrency transactions.
Read more from our experts.
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As specialist crypto SMSF accountants, we regularly see trustees struggle with custody decisions – particularly as balances grow and audit scrutiny increases.

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Crypto SMSFs: A Trustee’s Guide to Custody of Cryptocurrency
As specialist crypto SMSF accountants, we regularly see trustees struggle with custody decisions – particularly as balances grow and audit scrutiny increases.

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Understanding how SMSF auditors assess crypto holdings helps trustees avoid unnecessary compliance issues and ensures a smoother annual audit process.

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