The crypto accountant

Maximise your gains.
Minimise your tax.

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Accounting & tax advice
that keeps up with crypto

Trading in innovation, timing the buys and sells, tracking your gains and losses across multiple currencies and wallets – cryptocurrency is exciting. But it can also get complicated, very quickly.

As trading in crypto (and other digital assets like NFTs) becomes more common so too does the regulation. To avoid problems with the ATO it’s important that you have clear structures in place to track movements, returns, losses and manage your tax obligations.

The team at creditte are crypto tax specialists and can help minimise your tax while giving you the structures to maximise your wealth.

We know crypto accounting

The team at creditte follow the changing Australian crypto tax laws closely.

Depending on your investment behaviour you could be liable for capital gains tax and / or income tax. As your crypto tax accountant we help you allocate crypto gains or losses on your tax return accurately.

We integrate leading innovative technology at the core of our accounting services so that we can collaborate with you across all areas of your portfolio. You can trust the creditte team to be by your side to help you make informed decisions, improve your tax strategy and achieve the best outcome.

Why choose us as your crypto accountant

     Excellent  
     Based on 26 reviews 
    
 
 
   
 
 
        
   Shelby Willis 
 2023-08-24
 
 
  Morgan has always been most helpful and super fast in helping me with my tax questions and needs.
  
 
       
   Jake 
 2023-08-14
 
 
  First class service and handled at a very personable level. Will definitely be recommending Creditte!
  
 
       
   Steven James 
 2023-08-08
 
 
  Working this year with Morgan was a great experience. He was recommended by a close friend and as soon as I called he was there to help. He helped navigate through difficult tax situations with ease and was always there to listen and help. So glad to be working with Morgan and the team on my returns. Customer for life
  
 
       
   John Dalle Cort 
 2023-05-05
 
 
  I run a financial planning practice and have recently worked with Morgan and the Creditte team to assist some mutual clients.  Their accounting firm in Brisbane are smart, efficient and client focused which creates a great client outcome.  Keep up the great work.
  
 
       
   Michelle Bowden 
 2023-05-04
 
 
  I'm really impressed by the outstanding service offered by Creditte and their team. Morgan's great at clarifying complex issues in a straightforward, no nonsense way and is very knowledgeable and friendly. Best accountant in Brisbane!
  
 
       
   Colin Wardle 
 2023-05-04
 
 
  Probably the best accounting firm in Brisbane. Quality service and people you can connect with. Highly recommended
  
 
       
   Philip Verner 
 2023-05-03
 
 
  These guys really looked after me and my business taking the time to help me understand and grow
  
 
       
   Matt Sloane 
 2023-05-03
 
 
  I deal with many accountants but I have found Morgan and his team, prompt, thorough, professional and easy to deal with. If you are looking for a switched on savvy accountant then look no further.
  
 
       
   Corbin Steinmuller 
 2023-03-08
 
 
  As a small custom home construction business, we rely on the Creditte team for their expertise to manage our finances and to help plan for financial success. Their team is incredibly knowledgeable and always up-to-date with the latest tax laws and regulations. They take the time to understand our business goals and work with us to create a financial strategy that ensures success. the entire team is professional, reliable, friendly and dedicated to the success of their clients and i would recommend to anyone looking to get serious about their business financials.
  
 
       
   Jackson Brigg 
 2022-12-13
 
 
  Best in Brisbane!

Crypto tax calculator

When it comes to tax season, crypto can be real headache, especially if you’ve traded different assets, across different platforms and wallets throughout the year, without keeping clear records.

Through our relationship with Crypto Tax Calculator we’re able to accurately calculate any tax that may (or may not) be due without you having to dig through all your trades.

Book a free consultation with us and let us take care all of your cryptocurrency tax issues.

Ready to maximise your gains and minimise your tax?

Send through the contact form and we’ll get back to you within 24 hours for a chat. Or reach us here:

Frequently asked questions

Do you pay tax on crypto?

Yes you do pay tax on crypto. If you buy, sell or invest in cryptocurrency, you need to be aware of your tax responsibilities. Your tax responsibilities vary depending on your circumstances, but you need to keep records for all cryptocurrency transactions. We recommend using an app like CryptoTaxCalculator to help.

How much tax do I pay on crypto?

How much tax you pay on crypto depends on whether you are categorised as a crypto investor or trader. Investors are most commonly subject to Capital Gains Tax (CGT), while traders are typically carrying on a business or profit-making activity that derives Ordinary Income. This is also largely dependent on the structure you have used to invest in cryptocurrency.

Am I a cryptocurrency trader or cryptocurrency investor?

Cryptocurrency investors typically buy, sell, or swap crypto assets for fiat currency or another crypto-asset to hold the asset for long term capital growth. A cryptocurrency trader intends to buy and sell crypto for short-term profits.

Traders will have a strategy for buying or selling, planning their trading activities, keeping extensive records, and trading repeatedly and in volume. They may also have registered a business, hired office space, paid for professional research and analysis, and kept extensive and well-maintained records if an ATO review will be conducted into their activities.

When does capital gains tax apply, and how do I calculate it?

Capital Gains Tax (CGT) occurs when you dispose of cryptocurrency. According to the ATO, this could be by the following common events:

Trading or exchanging, most typically in the form of disposal of one cryptocurrency for another
Converting cryptocurrency to fiat currency, such as the Australian dollar
Using cryptocurrency to purchase goods or services
Selling or gifting cryptocurrency

Am I taxed on staking or Airdrops?

Any income earned from Staking or Airdrops will not constitute a Capital Gains event. Instead, the ATO considers additional tokens received from these processes to be income. They are taxed according to your income bracket.