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Crypto Mining Tax: How to report your income correctly

The regulations, reporting and obligations around crypto mining tax can often be quite difficult to understand.  Even the information on mining cryptocurrency taxes provided by the ATO, who are leading the world in cryptocurrency regulation and legislation, can be a little confusing.To help you understand your obligations for crypto mining...

Cryptocurrency tax: am I a business or professional?

Cryptocurrency tax is normally assessed using the capital gains system.  However, it’s important to note that depending on your cryptocurrency activities, the ATO may consider these as business-like behaviour.  This means that your cryptocurrency tax will no longer be assessed as CGT, but as business income tax.  If this is...