Leading advisory for

Traditional businesses.

We understand our clients have lives outside of crypto and so we don’t just limit our services to the cryptosphere. Our team comes from a traditional accounting background so let us help manage your business’ accounting and tax requirements.

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Tax Practitioners Board logo

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.

Management Reporting

Maintaining accurate and timely records of your business allows you to analyse its performance to make data-driven decisions.

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.

Join the leading organisations collaborating with Tax On Chain.

Our team’s achievements have been recognised by leafing 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!

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.

Frequently Asked Questions

Yes! Our team has a traditional accounting background and we happily service businesses that aren’t involved in the crypto space.

Payroll, BAS, financial reporting, tax returns, virtual CFO. We will tailor our services to your requirements.

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.

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.

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.

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.

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.

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.

Still have questions?
Get in touch.

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Take control of your crypto taxes.

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