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TaxProof

Who we help

Crypto tax from reconstructed records, not guesswork.

The exchanges report; the ATO matches. What most crypto holders lack is not honesty — it is a consolidated history. We rebuild it, establish the cost bases and keep the workings.

Australian exchanges report account and transaction data to the ATO, and the ATO matches it against lodged returns. That changes the question from whether crypto needs to be reported to whether your return can be reconciled to the data the ATO already holds. Ours can, because we build the position from the records up and keep the workings with the return.

The work is reconstruction. Export files from every exchange, wallet histories, the transfers between them — assembled into one ledger where each disposal has an acquisition behind it and each cost base has a source. Crypto also produces taxable events where people do not expect them; whether a particular swap, sale or use of a coin matters depends on your circumstances, so we map your history and confirm what applies before anything is lodged.

If earlier years are wrong — missed disposals, software defaults accepted unread, or nothing reported at all — the repair is methodical: reconstruct, recalculate, then amend or lodge in the proper order. Appointments run by phone and video Australia-wide from our Brisbane base, and the trade data moves through a client portal rather than email threads.

Part of our individual taxation practice →

What we see in crypto files

  • Years of trading spread across several exchanges, with no single record covering all of them.
  • Cost bases missing because an exchange closed, an account was abandoned or an export was never taken.
  • Crypto tax software runs accepted whole, with the settings never reviewed and the errors never found.
  • Old years left unreported on the theory that the ATO could not see them. It can.

How we rebuild it

History reconstruction

Exchange exports, wallet histories and on-chain records assembled into one consolidated ledger — including exchanges that no longer exist, rebuilt from what does.

Cost bases established

Every disposal matched to an acquisition, the method applied consistently across years, and the workings retained on file.

Mapping your taxable events

Swaps, sales, staking rewards and spending reviewed against your circumstances — we confirm which events matter for your return rather than guessing from a forum.

Investor or trader, documented

How your activity is characterised affects how it is taxed, and it turns on facts. We assess the position, take it deliberately and write the reasoning down.

Correcting past years

Where earlier returns are wrong, we recalculate from the reconstructed ledger and correct them in the proper order — with the basis for every change documented.

The workings, retained

The consolidated ledger, the calculations and the reasoning stay on file with the return, so a data-matching letter is answered from the file, not from memory.

A crypto position prepared here reconciles to the records the ATO holds and to the ones it does not — the full ledger, the cost bases and the reasoning stay on file. See our method →

Common questions

Does the ATO actually know about my crypto?

Assume so. The ATO has run data-matching programs with Australian exchanges for years, and it uses the data to check returns and to write to people who have not reported. The productive question is not whether the ATO can see the activity — it is whether your return reconciles to what it sees. That is the file we build.

I traded on exchanges that no longer exist. Can the history be rebuilt?

Usually, yes. Surviving exchange exports, bank records of deposits and withdrawals, wallet addresses and on-chain data each carry part of the story. We assemble what exists, document any assumptions where a gap remains, and establish cost bases that can be explained — which is precisely what a reviewer looks for.

I only swapped coins and never cashed out to dollars. Is there anything to report?

Possibly. A disposal can occur without money ever reaching your bank account, and which of your events count depends on your circumstances and the nature of your activity. We map the history and confirm what applies before anything is lodged, rather than relying on an assumption that has caught out a great many holders.

Can't I just use crypto tax software?

Software is useful for aggregation, and we work with its exports. What it cannot do is check its own settings, characterise your activity, or decide the questions that depend on your circumstances. We review the run, correct what is wrong, and take responsibility for the position as registered tax agents — with the workings retained.

I haven't reported crypto in past years. What should I do?

Correct it before the ATO raises it — a voluntary correction is a stronger position than a response to a letter. We reconstruct the history, quantify what each year should have said, and amend or lodge in order. Where penalties or interest arise, remission is requested where grounds exist.

What records should I keep from here?

Exports taken regularly from every exchange, wallet addresses noted, and a note of what each transfer was — a trade, a movement between your own wallets, a payment or a gift. Kept as you go, the record takes minutes; reconstructed years later, it takes considerably longer. We set the routine up with you in the portal.

General information only — not tax, legal or financial advice. Advice specific to your circumstances is provided within a signed engagement.

Related reading

Speak to the person who signs the return.

Consultations are with a registered tax agent — by phone or video, wherever you are in Australia.