There are many tools online that can be used to assist in record keeping, and to generate reports for tax time. These tools allow you to easily generate and create regulatory compliant tax reports in a few simple steps, among other helpful features.
There are typically two ways you can import your CoinSpot transactions to these platforms, these are via an API or by downloading your .CSV files from CoinSpot and uploading them.
When using an API it is very important to provide READ ONLY access to a third party and not full access.
Instructions on API Key set up and locating & downloading EOFY/CSV Files can be located below:
The tools below are easy to use and easy to set up. If you would like to try these tools yourself, please visit the sections below. Articles to set it up can be located within the text step by step guide.
Crypto Tax Tips
CryptoTaxCalculator
Exclusive for CoinSpot customers, use discount code AUSSIE30 to enjoy a $30 saving on all CTC plans, allowing you to sort out your crypto taxes for as little as $19. Offer valid until 31st October 2023.
Australian-made to meet ATO guidelines, Crypto Tax Calculator (CTC) helps Aussie investors solve their crypto tax nightmare. Whether you buy and hold, stake, or are into DeFi and NFTs, CTC is an essential tool to give you peace of mind this tax season.
CTC provides intelligent, automated suggestions to ensure the accuracy of your reports. It highlights potential savings on tax and lets you choose your preferred accounting method to help you minimise your tax.
It’s as simple as dragging and dropping your Coinspot transactions into CTC, generating your tax report, and handing it to your accountant or filing directly with the ATO.
To connect your CoinSpot account to CryptoTaxCalculator follow our step by step guide.
Koinly
The team at Koinly is offering a 30% discount to all CoinSpot users with the discount code, COINSPOT23. Offer valid until October 31st 2023.
Koinly is a leading Australian crypto tax calculator that caters to investors and traders at all levels. Whether it’s crypto, DeFi or NFTs, you can quickly generate a tax report that is built to comply with Aussie tax standards. Benefit from over 700 integrations across your favourite wallets, exchanges and blockchains. Plus, with over 1,000 5-star reviews, Koinly is the top rated crypto tax software on TrustPilot.
Why choose Koinly?
- Generate a complete crypto tax report outlining capital gains, expenses and various sources of income in as little as 20 minutes
- Track your total holdings, growth and expenses year-round on a dashboard
- Integration with 750+ exchanges, wallets and services or upload your transactions via CSV
- Built to comply with Aussie tax standards, plus you can easily invite your Accountant onto the platform for review and lodgement
- 24/7 Customer Support and an Australian based team
- Over 1000 5-star reviews on TrustPilot
- Free signup and preview
To connect your CoinSpot account to Koinly follow our step by step guide.
Syla
Meet Syla - Australia’s crypto tax software, created by a team of Australian tax and legal professionals, exclusively for Australian crypto investors. With Syla, you can easily generate ATO-compliant tax reports that are optimised to save you tax. Syla’s user-friendly platform caters to a range of account types, from individual investors to SMSFs.
- Up to 10,000 transactions covered even in Syla’s Budget plan
- Purpose-built for Australian tax law, by tax professionals
- Maximise your tax savings using Syla’s proprietary LTFO method
Syla is designed exclusively for Australians by Australian tax professionals, specifically to satisfy ATO requirements. With Syla, you’ll always be able to affordably manage your crypto tax obligations, and achieve the lowest tax outcomes that are legally possible in Australia.
To help you solve your crypto tax, Syla is offering a 30% discount. Just use the code CSTAXSAVE on checkout.
To connect your CoinSpot account to Syla follow the step by step guide.
CoinLedger
The team at CoinLedger is offering a 30% discount to all CoinSpot users creating their first tax report with the discount code, 'COINSPOT'.
CoinLedger is an all-in-one portfolio tracking, and crypto tax software solution that integrates with CoinSpot. Supporting tax calculations in Australia, the United States, and other countries around the globe, CoinLedger aims to calculate your taxable income from capital gains, NFTs, and DeFi transactions in just a few minutes. Along with calculating your short and long term capital gains & losses, the team at CoinLedger also allows you to export this information into a tax filing software of your choice.
CoinLedger aims to offer an-ever expanding list of supported crypto exchanges and blockchains. While also allowing you to automatically import your CoinSpot transactions into their app.
To connect your CoinSpot account to CoinLedger follow our step by step guide.
Accointing.com
The team aims to provide a suite of different tools that solve a number of problems, these include ATO-compliant tax reports with categorisation options for lending, payments, NFTs, and more. This also includes portfolio tracking, market overviews, watchlists, and alerts.
ACCOINTING.com aims to offer a fast and simple onboarding experience. The team supports a majority of major exchanges, NFTs, and wallets. You are also able to add manual transactions both through desktop, iOS, and Android.
They have a goal of providing an insightful dashboard on both mobile and desktop to keep track of your performance for DeFi, and NFT transactions in real-time.
Need more help?
Please submit your request via Zendesk - https://coinspot.zendesk.com/hc/en-us/requests/new
or start a conversation with us via Live Chat and our team will provide full instructions and advice.
Comments
2 comments
So damn hard trying to download my tax statement
Could you talk me through how you went about it
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