Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that
How to sell your business
We’re often asked the best way to sell a business. There are two key components at play in the sale of a business:
Tax and the Family Home
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence
Spend $100 and get a $120 tax deduction
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will
Where are you making mistakes in your tax?
The ATO has flagged four priority areas this tax season where people are making mistakes. With tax season almost upon us the Australian
What tax changes are taking effect on 1 July 2022?
A series of reforms and changes will commence on 1 July 2022. Here’s what is coming up: For business Superannuation guarantee increase to
The new Lifetime Director IDs
Directors will be required to register for a unique identification number that they will keep for life, much like a tax file number
Are your contractors really employees?
Landmark cases before the High Court highlight the problem of identifying whether a worker is an independent contractor or employee for tax and
6 member SMSFs – The issues and opportunities
From 1 July 2021, the maximum number of members a Self Managed Super Fund can have increased from four to six. Why would
Do you plan to hire new employees?
The 1 November superannuation rule changes could affect your business. When your business hires a new employee, the Choice of Fund form is
Could your potential insurance payout be taxed?
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up
What are the tax implications of investing in blockchain and NFTs?
In early November, the Commonwealth Bank announced that it is now Australia’s first bank to offer customers the ability to buy, sell and