9 Crypto Tax Accountants in Australia

Tax time can be stressful for even the most well-prepared investors – and with the Australian Tax Office cracking down on crypto trading, it’s more important than ever to be aware of your tax obligations.

Thankfully, Australia is home to several accounting firms that specialise in cryptocurrency. Using an accountant can take the complexities out of tax time for both beginner and advanced crypto traders and ensure you’re meeting all of your financial requirements.

1. Kova Tax

Kova Tax has been one of Australia’s most recognised crypto accountants and is the first crypto-only accounting firm established in Brisbane, serving clients since 2019. The firm operates online and is based in Brisbane, spearheaded by crypto tax experts Maryna Kovalenko and Nick Christie.

Kova Tax is a member of many professional bodies, including The Tax Institute, The Institute of Public Accountants, Advisory Board Centre, Chartered Accountants, and the Digital Economy Council of Australia (DECA), also known as Blockchain Australia. Kova Tax participates in the Tax Working Groups where they are driving positive legislative changes in the crypto and blockchain sector.

The team offers an array of services, including self-managed super fund (SMSF) support, tax compliance, tax advice, and help tailored to businesses in the digital currency space. 

The team at Kova Tax also offers a complete crypto portfolio reconciliation service, preparing a comprehensive crypto tax report based on your investment or trading activity. During the portfolio reconciliation, they will assist with importing transaction data, reconciling balances, and applying correct tax classifications for complex scenarios such as exchange insolvencies and missing transaction records. Thanks to their partnership with Australian crypto tax software Syla, they can also optimise for better tax outcomes using Lowest-Tax First-Out (LTFO).

You can even pay Kova Tax in cryptocurrency (or fiat).

2. Goodwill Chartered Accountants

Goodwill Chartered Accountants is a Brisbane-based accounting firm with a keen eye for crypto and small business. The institution was founded by Thomas Cane, who now sits as the CEO. Cane is a qualified Chartered Accountant with over ten years of experience as both an accountant and an investor. 

The firm has established itself as an accounting all-rounder with a reputation for servicing small businesses in the crypto scene. But individuals can find themselves at home too. A key mission of GCA is to offer affordable tax lodging for everyday crypto investors to ensure they meet all of their obligations while paying as little tax as legally possible. 

Related: 4 ways to reduce crypto tax in Australia

3. WealthSafe

WealthSafe is one of Australia’s most reputable accounting firms, boasting a team of experts with over two decades worth of experience. The company started out servicing small-large businesses and individuals needing tax help, but has since branched into the cryptosphere.

Digital assets remain just one of many areas of knowledge possessed by the WealthSafe accountants – and with a track record like theirs, they are a welcome entrant to the scene. In their 20 years of operation, WealthSafe has reportedly saved clients over $55 million thanks to legal tax loopholes.

4. Tax On Chain

Tax On Chain distinguishes itself from other accounting firms with their passionate team of dedicated specialist crypto accountants. Unlike some other generic tax solutions, Tax On Chain is brimming with team members deeply invested in the crypto and Web3 spaces. Thanks to their extensive knowledge of crypto activity – from liquid staking to mining – the firm is a one-stop-shop for experienced and beginners alike. 

The team offers several useful services, including basics like crypto tax reports and crypto SMSF supports, all the way to tax advice for Web3-based companies running a decentralised autonomous organisation (DAO). 

Best of all, crypto investors with other employment don’t need to use a separate accountant – Tax On Chain has non-crypto income covered too!

5. Fullstack

Fullstack is widely regarded as one of Australia’s top-tier crypto tax accountants. The team is stacked (hah!) with thorough accountants who maintain expertise in the Web3 and blockchain fields. 

The company is one of the longest-running crypto tax providers Down Under and has used this time in the industry to build an excellent reputation. They offer several services geared toward traders of all skill levels – although more serious, higher-volume investors will likely see a bit more benefit due to the pricing tiers.

Other services include tax lodgement, quality assurance reviews, audit assistance and a commitment to stay updated with the ever-evolving digital currency taxation landscape. 

6. CryptoTax

CryptoTax positions itself as one of Melbourne’s first local crypto-native accountants. The award-winning firm was founded in 2017 and can be found within their Mornington Peninsula or Dandenong Offices. The team is also a member of the Blockchain Centre and is partnered with RJSanderson.

CryptoTax is set up to cover every element of the crypto sphere, including businesses that pay employees in Bitcoin, professional mining companies and much more. The team can also help individual entities, small businesses, trusts and those with an SMSF.

7. Munro’s Accountants

Munro’s Accountants is unlike most other firms on this list for one simple reason – they’ve been around for fifty years. Managing to stay afloat as a smaller business for five decades in itself shows dedication and success, something that Munro’s Accountants have brought to Australia. And for the past ten years, the team has serviced local crypto investors.

Munro’s don’t just dabble in crypto – they’ve employed experts in the field to ensure they have a solution to all of the blockchain world’s most complex tax problems. The team specialises in lodging returns, setting up SMSFs and even offers a tax course for local businesses.

Those interested can check out Munro’s crypto webpage to see a variety of useful videos on crypto tax.

8. Crypto Tax Australia

Crypto Tax Australia is a local accounting business from the northern suburbs of Melbourne. The team comprises registered tax practitioners and certified public accountants, who have been successfully lodging crypto tax documentation since being founded in 2017. 

Crypto Tax Australia provides everything you need from a professional tax agency – knowledge of the basics, integration with prominent exchanges and experience with more complex DeFi mechanisms.

The team offers after-hours, on-site and virtual meetings to ensure each client is well-cared for when working together. CTA is partnered with Aussie exchange Swyftx and crypto education platform Collective Shift, collaborating to create an accessible blockchain world for Australians.

9. CryptoCate

CryptoCate is an Australian-based tax firm that works together with your accountant to offer crypto-specific solutions. One of the key features of the team is their ability to track your crypto activity – which can sometimes be difficult, especially for those who engage in DeFi ecosystems. 

CryptoCate’s one-wood is its report generation. If you want an accurate, worry-free experience at tax time, the team will analyse, categorises and finalises all crypto-based transactions. This data is then transformed into a convenient document you can submit to your accountant come tax time. CryptoCate doesn’t just service casual investors – professional crypto traders, businesses and those using SMSFs can all benefit from their product too.