Best crypto-friendly banks in Australia
In Australia, the banking landscape is constantly evolving, especially with regards to handling crypto bank accounts. While the Big 4 Australian banks — CBA, NAB, ANZ, and Westpac — have tightened policies on deposits to crypto exchanges, mid-tier and challenger banks have emerged as the new crypto-friendly banks.
Syla + CryptoSpend partnership announcement
Syla partners with Australian crypto platform, CryptoSpend, with the aim to empower Australians to spend their crypto without the tax headache.
Syla + Digital Surge partnership announcement
Syla partners with Australian digital currency exchange, Digital Surge, with the aim to streamline tax reporting for users and maximise their potential tax savings.
Syla + Coinstash partnership announcement
Syla partners with trusted Australian crypto platform, Coinstash, to simplify tax reporting for individual and private wealth clients
Crypto Tax Australia: Ultimate Guide
Your ultimate guide to doing your crypto tax in Australia. With tax minimisation tips from Australian tax lawyers and accountants.
Syla automates crypto transaction data in BGL
Syla and BGL have integrated to offer instant sync of cryptocurrency transactions for SMSFs, eliminating tedious manual journals and simplifying compliance work for accountants.
Crypto SMSF compliance mega-guide for Accountants
We’ve turned SMSF crypto accounting trauma, into compliance pleasure 😊. This mega-series on solving SMSF crypto compliance will mean you can start solving crypto SMSFs in your public practice, instead of turning them away.
Onboarding a crypto SMSF checklist
Investing in crypto through an SMSF can be complex, and it's important that SMSF accountants understand their responsibilities and what to look out for when it comes to managing their client’s SMSF crypto holdings.
BGL crypto imports with Syla
Manual journals are out, and instant sync is in! Accountants can now easily solve crypto SMSFs in BGL Simple Fund 360 with Syla, instead of avoiding them.
Ultimate guide on how to setup a crypto SMSF
Using a crypto SMSF might just be the most tax effective way to save for retirement in Australia.
Is Qoin a pyramid scheme?
Bartercard, class actions, and is Qoin a pyramid scheme that caught out unsuspecting Australians?
How to change from crypto trader to investor
Crypto traders who have stopped trading should consider if their activity has changed from trading to investment. There are important tax implications to consider.
How to change from crypto investor to trader
Crypto investors that are now actively trading should consider if their activity has changed from investing to trading. The change in nature of the activity has important tax implications.
Are crypto withdrawal fees subject to GST
Fees charged on crypto withdrawals for Australian users, are subject to GST. If you are registered for GST, then you may be able to claim at least 75% of the GST paid, provided the crypto exchange you use is collecting GST and you have the necessary documentation.
How to claim the personal use tax exemption for crypto
The personal use asset exemption is one of the few opportunities in Australia where you can legally pay no crypto tax. Achieving the personal use tax exemption can have a large impact on your tax outcome, but you must structure correctly to avoid scrutiny from the ATO.
Crypto trader vs investor tax treatment in Australia
Crypto investors in Australia have disposals of crypto treated as capital gains, while traders have their crypto treated as trading stock. These are distinctly different tax treatments in Australia and have important differences in the resulting tax implications that should be considered.
Claim a crypto tax loss on lost, stolen and scammed crypto
You can claim a crypto tax loss as an individual taxpayer holding crypto assets for investment, provided you keep appropriate evidence.
Syla launches crypto tax platform designed for accountants
With the launch of Syla, Australian Accountants can now confidently deliver compliance services to their crypto clients.