Crypto Tax Guide For Accountants

Learn crypto-related terminologies as well as taxable and non-taxable events

What you'll learn

INTRODUCTION - OVERVIEW OF HOW CRYPTOCURRENCY IS TAXED IN AUSTRALIA AND THE OBLIGATIONS

INVESTOR OR TRDER

PROFESSIONAL ADVICE

PRESENT CHALLENGES

CRYPTO TAX ISSUE

CRYPTO MARGIN & LEVERAGE

CRYPTO TAX FILING

Requirements

No accounting experience needed

Description

This program is designed to provide a foundational understanding of how cryptocurrency is taxed in Australia and, more significantly, to incorporate crypto tax services into your practice.How will the ATO differentiate between an investor and a trader, and what are the tax implications for each?You will learn crypto-related terminologies as well as taxable and non-taxable events. The course also covers topics like as the concept of cryptocurrency mining and the taxation of capital gains, including coin-to-coin transactions, staking with rewards, wrapping, bridging, liquidity pools, airdrops, NFTs, DAOs, and SMSFs.This course will focus on recent ATO enforcement activities on cryptocurrencies and how to declare them in your or your clients' tax returns. This course aims to provide a foundational understanding of how cryptocurrency is taxed in Australia and, most importantly, incorporate crypto tax services into your practice.Learning Objectives:How to treat investments in crypto assets (also called crypto or cryptocurrency) for tax purposes in AustraliaWhat Are Crypto Taxable Events with Regard to All Cryptocurrencies?Understand how to differentiate between an investor and a trader?How to report the cryptocurrency gains in your tax returnLearn all the below topics:Introduction - Overview of how Cryptocurrency is taxed in Australia and the obligationsInvestor or TraderProfessional AdvicePresent ChallengesCore Tax issuesCrypto Margin TradingCrypto Tax Filing

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: INVESTOR OR TRADER

Lecture 2 INVESTOR OR TRADER

Section 3: PROFESSIONAL ADVICE

Lecture 3 PROFESSIONAL ADVICE

Section 4: PRESENT CHALLENGES

Lecture 4 PRESENT CHALLENGES

Section 5: CRYPTO TAX ISSUES

Lecture 5 CRYPTO TAX ISSUE

Section 6: CRYPTO MARGIN & LEVERAGE

Lecture 6 CRYPTO MARGIN & LEVERAGE

Section 7: CRYPTO TAX FILING

Lecture 7 CRYPTO TAX FILING

Section 8: SHORT INTRO ABOUT NEXTGEN IQ

Lecture 8 WHAT IS NEXTGEN IQ

Student / Accounting Graduates,Business Owner,Migrant,Professional