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Cryptocurrency & Tax Web 2022

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The key tax issues (without the hype) when clients hold and sell cryptocurrency

Tax calculations, exemptions and record keeping requirements
ATO focus areas
Dealing with common problem areas

A Live Instructor Led Webinar

Practitioners and clients continue to struggle with the application of the tax system to transactions involving cryptocurrency. This area continues to evolve quickly, making it difficult for the ATO and practitioners to keep up to date.

The Cryptocurrency and Tax Webinar explores how to determine whether cryptocurrency transactions should be recognised on revenue or capital account and how to approach tax calculations. We look at the ATO’s guidance in this area and the issues that are likely to attract the ATO’s attention.

We also explore the most common tax issues that clients face when dealing with cryptocurrency transactions and how to approach typical problem areas.

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AU $195 members
AU $235 non-members

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Register Team*

AU $520 members
AU $595 non-members

Register Team*

Knowledge Shop members, login for the discounted rate.

Total 1.5 CPD Hours

Details

Recorded: 18 August 2022

FPA accredited for 1.5 CPD hours (012930)

  • 0.5 Technical competence
  • 1.0 Regulatory compliance and consumer protection

Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*Office Registrations. Maximum 20 participants per firm (must have same email domain). The PD points for all attendees will be recognised and links will be provided to all attendees.

What we cover

The Cryptocurrency and Tax Webinar is your practical guide to managing the tax treatment of cryptocurrency. We explore the key issues, the deficiencies and problem areas, and the ATO’s stance.

What's included?

  • 1 x 1.5 hour webinar
  • 3 month access to Q&A embedded webinar recording
  • Reference notes
  • Determining whether a client holds cryptocurrency on revenue or capital account
  • Applying the trading stock rules to cryptocurrency
  • Calculating capital gains and losses under the CGT rules
  • Determining whether cryptocurrency is a personal use asset and what impact this has on a client’s tax position

 

  • Dealing with chain splits, staking and airdrops
  • Cross border tax and GST issues relating to cryptocurrency
  • Practical issues that arise when clients receive cryptocurrency as payment for services
  • Dealing with lost or stolen cryptocurrency
  • How the ATO is approaching this area

 

Our presenter

Tax Director, Knowledge Shop

Michael Carruthers

ProfileMichaelCarruthersMichael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.