fbpx Skip to main content Skip to search

Blog

Growing Interest In Cryptocurrency

Australia’s Growing Interest In Cryptocurrency

Across Australia, and specifically among millennials, there has been a significant spike in interest in cryptocurrencies. The numbers are so staggering in fact, that now 4 in 10 Aussies are planning to use cryptocurrencies within the next year, with respect...
Crypto Trader

Tax Implications on Crypto Trader

You have had a effective year on the markets, daily you wake up and check the latest news feed to see what prospects the day might bring. You see the markets diligently, patiently waiting for the right signal before placing...
Tax Implications on Crypto Investor

Tax Implications on Crypto Investor

The profile of an investor is an person or entity that is intending to create wealth through long-term capital growth, or by having regular dividends and payments from investments. An investor holds any provided asset for an extended period, typically...
cryptocurrency in Australia

How does cryptocurrency get taxed in Australia

Cryptocurrency has emerged as an alternative digital asset at the present time of uncertainty and of automation of businesses. The initial advantage of cryptocurrency was the apparent obscurity of its users. However, with time, as cryptocurrency evolved to become mainstream,...

Extension and increase to immediate asset write-off to $25,000

The Government has announced that the threshold small business entities to claim an immediate deduction for depreciating assets will be increased to $25,000 (up from $20,000). The increased threshold is intended to apply from 29 January 2019 until 30 June...

Single touch payroll extends to all employers by 1 July 2019

Legislation extending Single Touch Payroll (STP) to all employers on 1 July 2019 passed Parliament in February 2019. The legislation will create a few practical issues for smaller employers. Xero, MYOB and most Australian accounting software are STP compliant but...

Interest on seized unclaimed accounts

Despite it being easier than ever to track and find – and despite years of public awareness campaigns to that effect – as many as half of all Australians have lost touch with or not claimed super worth up to $16.8 billion....

Time to start thinking about tax time

The countdown to the end of the financial year is on and that means you should start to focus on your end of financial year position and any tax planning that is appropriate for you.  Don’t leave it till the...

The pitfalls of accessing your company profits

The pitfalls of accessing your company profits One of the benefits of operating a business through a private company is the ability to access a flat 30% tax rate on profits. However, shareholders often forget that the 30% corporate tax...