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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.

As specialist crypto SMSF accountants, we regularly see trustees struggle with custody decisions – particularly as balances grow and audit scrutiny increases.

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

Setting up or running a Crypto SMSF involves more than simply buying cryptocurrency inside super.

The Australian Taxation Office has made it clear that crypto is not a “special case” asset and it must meet the same standards around ownership, control, record-keeping, valuation, and auditability as any other investment.

With the growing popularity of cryptocurrency in personal investment portfolios, its inclusion in estate planning has become increasingly important.

Cryptocurrency ownership presents challenges beyond tax considerations for Australian investors.

As cryptocurrency continues to gain popularity, it is increasingly attracting the attention of malicious actors who prey on vulnerable individuals in the market.

Last week our SMSF tax advisor, Mat Merlehan, shared his insights on a panel discussing SMSFs and Cryptocurrency with SMSF Adviser.

While the hype surrounding NFTs may have subsided since its peak in 2022, certain NFTs continue to captivate investors and collectors alike.

It’s never been more important for crypto investors to be aware of their tax responsibilities to avoid non-compliance.

Grey areas surrounding the tax treatment of cryptocurrency assets is causing major headaches for both accountants and taxpayers dealing with these types of assets, says a specialist accounting firm.