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Services

ElectraFi merges traditional accounting practice with applied crypto knowledge to offer unique services for businesses and accountants. Our tailored solutions, from tax planning to accounting system setups and reporting frameworks, ensure financial oversight, compliance and strategic advantage. Explore our most commonly offered services below and request a consultation. If you need something else, please contact us here.

Business Improvement

ACCOUNTING SYSTEM HEALTH CHECK, from $500

This could be Step 1 of your business improvement strategy. Our cloud accounting experts conduct a thorough review of your accounting file to identify issues requiring attention. We analyze your financial data, integrations, transactions, and bookkeeping practices, providing a detailed report of discrepancies and inefficiencies. Along with the report, we offer tailored recommendations to upgrade your accounting processes and make your accounts more reliable and easier to manage, setting the foundation for sustained business growth and operational excellence.

Our service manages all your bookkeeping and accounting needs, including daily transaction recording, account reconciliation, invoice processing, with preparation of monthly management reports to track budget variances and performance. Outsourcing your finance function to us ensures accurate and up-to-date financial records without the overhead and challenges of maintaining an internal staff with finance skill sets. Benefit from our expertise, advanced tools, crypto and dedicated support, allowing you to focus on core business activities and strategic growth.

Tailored for businesses venturing into the digital currency space or startups improving their internal finance functions, this service provides a complete setup of crypto subledger accounting system to integrate with Xero or QuickBooks, designing a chart of accounts, efficient bookkeeping processes, and financial report templates for crypto transactions within your existing system. From tracking to reporting, ensure accurate and efficient management of your crypto finances within your overall accounting framework.

Enhance your financial oversight with regular, detailed reports with budgets and cash flows that include your crypto transactions and their impact on your business finances. This service not only aids in better decision-making and tax planning but also ensures you remain accountable to stakeholders and investors by providing transparent, up-to-date financial information crucial for maintaining trust and driving informed investment decisions.

This service provides a comprehensive review of essential finance management, regulatory and tax considerations before introducing cryptocurrency into your business operations. This service includes a detailed checklist to ensure you cover all critical areas for a successful crypto adoption, coupled with expert consultation to help tailor your strategy to your specific business model and goals.

Accounting + Tax Essentials

FINANCIAL STATEMENT PREPARATION
  • Compilation of detailed financial statements, including balance sheets, income statements, and cash flow statements.
  • Ensuring compliance with Australian Accounting Standards (AAS).
  • Support for compliance with International Standards and GAAP.
  • Comprehensive tax preparation and filing services for businesses and associated individuals.
  • Strategic tax planning to minimize liabilities and audit risks, and optimize tax positions.
  • Handling GST, PAYG, and BAS lodgements efficiently.
  • Advice on Australian connected international tax issues including transfer pricing, expatriate tax, and cross-border transactions.
  • Managing tax obligations for businesses operating internationally or with foreign investments.
  • Advice on tax residency and foreign income matters generally.
  • Connecting you with expertise in other jurisdictions.

This service is crafted to support your year-round tax planning through addressing the tax implications of specific crypto activities. We review your overall position and provide guidance to avoid tax shock down the track, with  informed, reliable and complete guidance about capital gains, income recognition, record keeping and tax-reporting obligations related to cryptocurrencies.

This service offers a comprehensive review and strategic planning to optimise your tax outcomes in line with current regulations for cryptocurrency transactions and investments. It may include advice on your software reports, business structuring, GST, registrations, Australian international tax, tax residency matters, and more, ensuring that your crypto taxes are efficiently and effectively managed.

Pay In USDT, USDC Or Bitcoin For A 5% Discount!