Crypto tax reports completed by a crypto accountant

Even with the right tools and the right qualifications, it is not easy to account for digital currency investments and perform tax calculations that actually meet ATO requirements. That's why we developed a tax reporting service for professional funds, investors and traders. Our reports can be used by your existing accountant or you can lodge your income tax return with us.

Our crypto tax reports can be used by:

Reach out for your initial consultation - this one is on us

Your crypto tax report

Your crypto tax report is prepared by a qualified crypto accountant experienced in digital assets.

Trade Anywhere

We handle your trading activity across all platforms, no matter how exotic the trading exchanges or services you used.

Comprehensive Tax Report

We aggregate your trading activity across all locations and consolidate into a single report. Helping your to understand your actual tax position and outcomes.

Tax Treatment

Your crypto activity is categorised for investor vs trader. We also take into account the nature of the digital assets you have actually been trading, whether they are CGT assets, CFDs or other financial instruments.

Example tax report

We work with all of these platforms and more

We handle your crypto activity across all of the common exchange platforms and are well positioned to handle less-common platforms and services on request.

ACX
Amber
Binance
Bitfinex
Bitmex
Bittrex
bitZ
BTC Markets
Coinbase
Coinbase Pro
Coinjar
Coinspot
Cointree
Digital Surge
EtherDelta
Exodus
Get Paid in Bitcoin
HitBTC
IDEX
Independent Reserve
ItBit
Kraken
KuCoin
Ledger
Liqui
Living Room of Satoshi
Local Bitcoins
Okex
Poloniex
Trezor

Pricing

Our pricing scales with the quantity and complexity of your trading, meaning you always gets a high quality result that you can rely on. If you are a high volume trader we understand you likely have 10,000s to 100,000s of trades, please get in contact for a customised quote.

*all prices are inclusive of GST
$ 350

one exchange

up to 100 transactions

  • Comprehensive crypto tax report
  • Opening and closing portfolio balances
  • Detailed tax calculations
  • Prepared by our crypto accounting team
  • Email and phone support
  • Pay in fiat or crypto - BTC, ETH or LTC
  • All prices include GST
  • add $125 per additional exchange and 150 transactions.
  • do you have more than 1,600 transactions? get in contact for a customised quote.

Process

There is a simple process that we follow for every crypto tax report that we generate.

Order your crypto tax report

Contact Us

Building a better digital world

Kova Tax is a tech-driven accounting firm building a better digital world for SMSFs, businesses and individuals in the fintech and cryptocurrency sector. Our accountants are not just skilled professionals, but also passionate investors in the digital asset space. Kova Tax is a corporate member of Blockchain Australia and participates in the Tax Working Group where we are driving positive legislative changes in this sector. We are published in the Institute of Public Accountants for our work on digital assets and present at a number of industry conferences throughout the year. We are Australia’s first accounting firm to enable all of our employees to be paid in bitcoin and we accept cryptocurrency as payment for our services. We are driven to building a better digital world.

IPA
SAN
Fintech Australia
Blockchain Australia
The Tax Institute
Australian Fintech

Frequently Asked Questions

What if my crypto was lost, stolen or scammed?

Stolen or scammed crypto assets can be 'written-off' by acknowledging the disposal. We clearly detail any stolen, scammed or permanently lost assets that you advise us of in your report. You should collect substantiation for the write-off, the best documentation being a liquidators report, but acknowledgement of the event from a reputable news source may also be acceptable.

The exchange I was trading on is now insolvent and I can't get my records

The legislation is clear that you still have an obligation to keep the records. You should contact the support email or the liquidator and request a copy of your transactions. If unsuccessful, we have a number of data reconstruction techniques we can apply to ensure a best-effort approach is still achieved for your tax.

I have 100,000s of trades, can you still help?

Yes, we work with many clients that employ automated trading strategies and regularly reach into the 100,000s of executed trades. We automate the data processing and tax calculations which allow us to handle even the most frequent traders.

Can you handle this exotic platform I traded on once?

In general we can process your crypto activity from any platform or service, provided you have complete transactional data available that is reliable and accurate. The transactions we require are transfers into and out of the service, trades or exchanges from one asset to another and the details of any income earned and expenses incurred on the platform.

I am not sure if I am considered an investor or a trader?

If you trade frequently and you earn your primary income from trading activity, you may be a trader. We will provide you with an Income Report if you are a trader or other business entity.

What about my mining / staking rewards?

We can recognise your mining or staking income from on-chain transactions or from records provided by you. Your mining and staking rewards will be recognised as income. Once acquired, the assets may be treated as an investment asset or as trading stock depending how you conduct your activity.