Informational

Syla crypto tax reporting in 2024.

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BTC Markets
Syla crypto tax reporting in 2024.

BTC Markets has once again partnered with Syla to offer a comprehensive crypto tax reporting solution for Australian users.

This collaboration aims to simplify the complexities of cryptocurrency tax reporting, helping users to easily manage their tax responsibilities. By integrating Syla's cutting-edge tax reporting solutions, clients can access a seamless and localised approach to crypto taxation management.

This tax integration addresses a long-standing challenge for cryptocurrency investors: accurately declaring and managing taxes on their digital assets. Whether you are new to crypto or a seasoned investor, Syla’s crypto tax software offers a streamlined solution to assist in complying with Australian taxation regulations.

Key benefits include:

  • Cost-effective tax reporting: Syla's platform offers efficient and affordable tax reporting for individuals with extensive crypto portfolios spanning multiple financial years. 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 helps users optimise their Capital Gains Tax (CGT) outcomes by strategically selecting assets for sale to minimise tax liabilities.
  • SMSF support: With a growing number of Australians exploring the potential of Self-Managed Super Funds (SMSFs) to invest in cryptocurrencies, Syla offers specialised support tailored to SMSF entities.

Syla’s crypto tax software simplifies complex tax reporting processes and generates ATO-compliant reports for various account types, from individual investors to SMSFs. Committed 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 ‘BTCM5,’ investors can unlock crypto tax services for $5. This exclusive offer is limited to the first 1,000 BTC Markets client.

Secure your first year of Syla’s Budget plan for only $5:

  • Use code: BTCM5.
  • At checkout, before 30 July 2024.
  • Valid for first 1,000 subscriptions to the Budget plan.
syla-crypto-tax-discount-code-5

Additional Offer

If you need a more robust plan, enjoy a 50% discount on your first year with any Syla subscription.

  • Use code: BTCM50.
  • At checkout, before 31 October 2024.
  • Valid across all plans.
syla-crypto-tax-discount-code-50

For more information, visit the Syla website.

To learn more about our tax reporting process, visit our tax help page.

Important: BTC Markets does not offer tax advisory services. Due to the intricate nature of the regulatory framework governing the taxation of cryptocurrencies, it is strongly recommended that you seek the counsel of a qualified tax advisor or consult with the Australian Taxation Office (ATO) for comprehensive guidance regarding your specific tax situation.

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