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RE: Reconciling little things - Crypto tax issues

in LeoFinance2 years ago

His goal is to keep the ATO off my back, prevent an audit, as that will be invasive and unpleasant.

It's interesting, all these crypto people with their ways of interpreting the tax laws and boasting about how they are going to get around it...After several hours of discussion with my accountant I realise how futile and naive that really is.

There's no enough point. I hope there's a point that the ATO decide is sufficient though. It's up to them, not my accountant, he's just the intermediary.

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That point the ATO finds sufficient is what I meant. I know there is no amount that is ever "enough".