Coinstash X Syla Press Release

Brisbane, Australia - May 16, 2023 - Coinstash, one of the most well established and trusted Australian cryptocurrency platforms, is proud to announce its partnership with Syla, an industry-leading tax software designed by Australian tax professionals. The partnership aims to streamline tax reporting for Coinstash's individual investors, along with its private wealth clients, including Self-Managed Super Funds (SMSFs), Trusts, and Corporate entities.

Syla, a software exclusive to the Australian market, has been specifically designed to address the needs of tax professionals within the industry, including SMSF Administrators. Its built-in tax logic and integration with BGL make it the preferred choice of crypto tax software amongst Accountants.

Now, with a single click, SMSF Accountants can effortlessly sync from Coinstash directly into BGL Simple Fund 360, thanks to Syla's integration. This ensures a seamless and efficient tax reporting process for SMSFs that use Coinstash for managing their crypto investments.

Simon Ho, COO of Coinstash, expressed his excitement about the partnership, stating, "We are thrilled to partner with Syla and deliver a best-in-class tax reporting experience for our users and their entities. Coinstash is deeply committed to offering our clients the best possible compliance experience. Collaborating with Syla felt like the natural choice, given their leading position in providing crypto tax software tailored to Australian tax law."

Nick Christie, Co-Founder of Syla, also shared his thoughts: "Working with the Coinstash team has been a pleasure. It’s clear they have a commitment to providing a high standard of transaction data. Making them an excellent choice for SMSFs and their accounting professionals, who are considering the practical compliance aspects of crypto investments."

The partnership between Coinstash and Syla is expected to bring significant benefits to private wealth clients in particular, including enhanced compliance efficiency, accuracy, and potential tax savings. Thanks to this integration, over 7,500 accounting firms and 250,000 SMSFs now have the ability to instantly solve crypto compliance by syncing transaction data from Coinstash to BGL Simple Fund 360, using Syla.

About Syla

Syla is Australian crypto tax software that has been purpose-built to meet Australian tax legislation. Accountants use Syla to easily import their clients’ crypto transaction data and accurately calculate tax outcomes. Syla’s support team of Australian tax professionals makes it the easiest way to start solving crypto tax in public practice.

For more information, please visit www.syla.com.au.

For media enquires email: [email protected]

About Coinstash 

Coinstash is one of the most well established and trusted cryptocurrency exchange platforms in Australia, with over 20,000 registered clients. Founded in 2017, Coinstash is proudly Australian owned and operated, and AUSTRAC registered. 

With support for the most assets in Australia, Coinstash makes it simple and safe to buy, sell, earn, and trade over 1,000+ cryptocurrencies. With competitive fees, low spreads, and a feature-packed app, Coinstash is the go-to platform for all your crypto needs in Australia. For more information, please visit https://www.coinstash.com.au. 

Media Contact:

Chris Graham

Content & Community Manager, Coinstash

[email protected]