Tax Minimisation & Strategic Planning

🎬 Crypto Tax Strategies and Staking Insights - What You Need to Know!
Hey crypto enthusiasts! 🚀
We just wrapped up an incredible meeting packed with essential tips and tricks for navigating the world of crypto tax strategies and staking. Whether you're a seasoned investor or just getting started, this summary will bring you up to speed on the latest insights from experts at Taxon Chain, UpTrade, and Pier 2. Let’s dive in!
🔍 Meet the Experts
Raphael from Taxon Chain kicked things off, introducing his powerhouse team: Oliver Woodbridge, Matt (Merlo.eth), Kate, Nick, and Will. They’re all about optimizing tax strategies for crypto investors and here’s how:
💸 Taxon Chain’s Top Tips
-50% CGT Discount: Hold your assets for over a year and cut taxable gains by 50%!
-Tax Loss Harvesting: Sell depreciated assets to reduce your taxable income.
-Advanced Strategies: From using trusts to trading through a company, there are smart ways to lower your tax rates. A real standout case was a client saving $250,000 by trading through a company!
💡 Staking and Taxes with Pier 2
Next, Pier 2 shared their expertise on Ethereum staking. They make it easy by handling all the techy stuff, so you don’t have to.
-Validator Requirements: Pier 2 manages validators so you can stake ETH without any hassle.
-Non-Custodial Staking: Keep control of your ETH while earning rewards every 5 to 6 days.
-Pier 2 Overview: Founded in 2018 in Brisbane, managing over $3 billion, and supported by the Ethereum Foundation for developing Lantern, a cool Ethereum light client.
🔝 UpTrade’s Personalized Brokerage
George K from UpTrade joined us from Bali, showcasing their bespoke crypto brokerage services.
-Personalized Assistance: Dedicated brokers to guide you through the market.
-Trading Capabilities: Over 500 cryptocurrencies and major fiat currencies.
-Secure Custody: Fireblocks ensures your assets are safe with top-notch security.
-Fee Structure: Standard fee is 5%, but event attendees get a sweet 3.5% deal!
📈 SMSFs and Crypto
The rise of Self-Managed Super Funds (SMSFs) in crypto investment was also highlighted. These funds are gaining traction for integrating crypto into retirement planning, offering potential tax benefits and strategic advantages.
✨ SwiftX Overview
SwiftX was introduced as a robust platform for trading with SMSFs, offering easy setup, global liquidity, and solid security.
🎉 Wrapping Up
A big thank you to our sponsors and participants for making this event a hit! Don’t miss our next event with Kraken, and check out the QR codes and contact info for SMSF setup and SwiftX for more details.
That’s a wrap on the latest crypto insights! Stay tuned for more updates and don’t forget to hit that subscribe button for the latest in crypto trends. 🚀💥
#Crypto #TaxStrategies #Staking #Investing #Finance #UpTrade #Pier2 #TaxonChain #SMSF #SwiftX