I can’t even tell you how many times I get asked this question EVERY SINGLE DAY!
So by popular demand, in today’s video, we’re going to be talking about cryptocurrencies for all of the crypto investors and traders out there.
With the ATO clamping down on ensuring crypto investors and traders meet their tax obligations, it’s very important to ensure that you are keeping on top of things. So stay tuned as we discuss all the essential things you need to know on how tax on cryptocurrency works!
Let’s get started!
CHAPTERS:
00:00 – Overview
01:17 – Differences Between a Trader and Investor
02:56 – Quick Example
04:27 – Capital Gains Tax on Cryptocurrency
08:16 – Tax for Crypto Traders
10:24 – Keeping your Crypto Transactions Records
11:45 – Final Thoughts
Make sure to check out which tax bracket you fall into on the ATO’s website:
—
Thank you for watching this video. I post weekly videos on this channel to provide the latest and most frequently asked business questions. Please take a second to say hi in the comments below. If you enjoy my content and find it valuable, subscribe to the channel, like and share it with anyone you think might find my channel useful!
—
â–º Subscribe to my channel here:
—
Davie has over 10 years of experience in advising businesses in management accounting and taxation issues. He heads up a passionate team at Box Advisory Group who are dedicated to offering proactive and outstanding service to our clients.
Davie’s extensive experience in providing tax and consulting advice and astute business knowledge has paved the way for success for many businesses.
He is a member of the Chartered Accountants Australian and New Zealand, a member of the Australian Tax Practitioners Board and holds a Bachelor of Commerce degree from the University of New South Wales.
—
Follow Me:
LinkedIn:
Instagram:
Facebook:
Website:
—
DISCLAIMER: Please note that every effort has been made to ensure that the information provided in this video is accurate. You should note, however, that the information is intended as a guide only, providing an overview of general information available to contractors and small businesses. This guide is not intended to be an exhaustive source of information and should not be seen to constitute legal or tax advice. You should, where necessary, seek your own advice for any legal or tax issues raised in your business affairs.
Original Source Link