Syla partners with Virgo Australia to simplify crypto tax reporting
Brisbane, Australia - 6 August 2024
Syla, the leading Australian crypto tax software, and Virgo, an Australian registered digital currency exchange that makes crypto trading safe, easy, and affordable, are excited to announce our strategic tax reporting partnership. With this new tax partnership, we’ve extended the same ease and affordability of crypto trading to handling crypto taxes.
A joint mission
Our partnership with Virgo is driven by a shared mission to eliminate the complexities of crypto tax compliance for Australian investors. Virgo has already simplified the process of buying and trading crypto, making it accessible for everyone in Australia. Now, with this new tax partnership, we aim to extend that ease and affordability to handling crypto taxes.
"When I first started investing in crypto, I was thrilled watching my investments grow. Crypto exchanges made buying and trading so easy and accessible for everyone in Australia. But when tax season arrived, the excitement quickly turned into stress. I found myself wishing that the ease of trading extended to tax reporting. That’s exactly where Syla steps in."
– Nick Christie, Co-Founder @ Syla
Key benefits of the partnership
Our new tax integration offers several key benefits to Virgo customers, ensuring a seamless and efficient tax reporting experience:
- Transaction statement import: Easily import your Virgo trading data into Syla.
- Comprehensive historical data: Access all your historical trading data.
- Support for over 70 unique crypto assets on Virgo: Ensure comprehensive coverage of your investments.
- Smart classification logic: Automatically classify transactions including: Crypto, Fiat, Trade transactions, and many more...
Solving crypto tax compliance
Our industry-leading tax integration supports Virgo customers by providing a seamless way to accurately calculate and declare their crypto taxes. Here’s how it works:
- Easily Import Data: Sync your Virgo trading data with Syla in just a few clicks.
- Automatic Calculations: Syla handles all the complex tax calculations and optimizes your tax outcomes.
- Download Reports: Generate a comprehensive Crypto Tax Report ready for your tax return.
About Syla
Syla is Australia's crypto tax software, built exclusively for Australian crypto investors, SMSFs, trusts and companies. Designed by tax professionals, Syla ensures accurate, ATO-compliant tax reports. With affordable plans supporting up to 100,000 transactions, and Syla’s pioneering LTFO(Lowest-Tax First-Out) optimisation, you'll achieve the lowest tax outcomes possible.
For more information, please visit www.syla.com.au
For media enquires email: hello@syla.com.au
About Virgo
Founded in 2018, Virgo is committed to make crypto trading as convenient and secure yet affordable for all around the world. They are one of the most trusted trading platforms and are dedicated to streamlining trading experience and empowering clients with advanced technology, superior liquidity, and best-in-class security.
For more information, visit https://virgo.co/au
