The integration of BGL and Crypto Tax Calculator will simplify cryptocurrency transaction data processing for SMSFs, said BGL’s managing director Ron Lesh.
“This integration will help BGL Simple Fund 360 clients identify, track and organise their client’s crypto activity across hundreds of exchanges and blockchains with ease and accuracy,” Mr Lesh said.
Crypto Tax Calculator is an Australian-made cryptocurrency tax software provider with full support for the unique ATO reporting requirements. This includes Australian-specific rules around personal use, mining, staking and airdrops.
Aymon Holth, product manager at Crypto Tax Calculator, said crypto SMSFs “combine the best of both worlds”, enabling people to benefit from traditional asset classes and the rapidly evolving digital asset landscape.
“But they pose unique challenges,” he added.
“With our BGL integration, clients can look forward to effortless data export, precise SMSF reporting and time-saving automation.”
Jeevan Tokhi, head of Simple Fund 360 at BGL, said this data feed allows BGL clients to easily import their clients’ crypto transaction data from any digital currency exchange into Crypto Tax Calculator and then Simple Fund 360.
“From here, our AI-powered smart matching technology will automatically allocate the transactions. It makes calculating CGT and reporting on cryptocurrency portfolios a breeze for practitioners.”
