BTC Markets has joined forces with SYLA to offer a crypto tax reporting solution for Australian investors. This collaboration will help Australians manage their cryptocurrency tax reporting responsibilities. With the integration of SYLA's innovative tax reporting solutions, BTC Markets brings a seamless and localised approach to crypto taxation management.
The collaboration addresses a long-standing challenge for cryptocurrency investors - accurately declaring and managing taxes on their digital assets. Whether you embarked on your crypto journey yesterday or a decade ago, SYLA streamlines the process, ensuring compliance with Australian taxation regulations.
Key benefits include:
- Cost-effective tax reporting: For individuals with extensive crypto portfolios spanning multiple financial years, SYLA's platform offers efficient and cost-effective tax reporting. This empowers long-term crypto holders to accurately assess their tax liabilities.
- Optimised CGT outcomes: SYLA's proprietary LTFO (Lowest-Tax First-Out) tax algorithm empowers users to optimise their Capital Gains Tax (CGT) outcomes. This feature strategically selects assets for sale to minimise tax liabilities.
- SMSF support: With an increasing number of Australians exploring the potential of Self-Managed Super Funds (SMSFs) to invest in cryptocurrencies, SYLA caters to this demographic by offering specialised support tailored to SMSF entities.
SYLA’s crypto tax software application simplifies complex tax reporting processes and generates ATO-compliant reports for various account types, from individual investors to SMSFs. With a commitment to transparency and accessibility, SYLA offers its services at a flat fee that covers up to 10,000 transactions.
To celebrate this collaboration, BTC Markets and SYLA are extending a special offer to users. By using the code "BTCMSAVETAX," investors can unlock a 30% discount on all SYLA subscriptions for their first year, ensuring access to premium tax reporting solutions at an even more attractive rate.
For more information, visit the Syla website.
To learn more about our tax reporting process, visit our tax help page.