Crypto Tax Accountant in Sydney: What Every Investor Should Know
Cryptocurrency has moved well beyond a niche investment and is now widely used across Australia for trading, investing, and even business transactions. As crypto adoption grows, so does the complexity of managing tax obligations. For individuals and businesses operating in New South Wales, working with a crypto tax accountant in Sydney can play an important role in staying compliant with Australian Taxation Office (ATO) requirements while avoiding costly reporting mistakes. Why Crypto Tax Requires Specialist Knowledge The Australian Taxation Office (ATO) does not treat cryptocurrency as cash. Instead, crypto is classified as property, which means tax outcomes depend on how and when the asset is used. Common crypto activities that may trigger tax include: Selling crypto for Australian dollars Swapping one crypto asset for another Using crypto to pay for goods or services Earning crypto through staking, mining, or rewards Each transaction must be recorded with its value in AUD at the ti...