Clients are increasingly asking about tax treatment of Bitcoin and other crypto-currencies.
The ATO has provided a guide for Tax Treatment of Crypto-Currencies specifically Bitcoin – essential reading if you have acquired or are considering acquiring Bitcoin – it covers:
* Bitcoin for business transactions
* Bitcoin for personal transactions
* Bitcoin for goods and services
* Capital gains
* Paying […]
Starting a business in Queensland? Whether you’re considering being a franchisee or an independent contractor or a company we’ve got you covered with the expertise you need.
Did you know there’s an Essential Handbook for Independent Contractors? And a Franchisee Manual available? Check out the links below for these resources and more useful tips.
For planning to […]
If you’re coming in soon to discuss your tax return for yourself or your business, come prepared with some records or access to them to help us with the preparation. Being prepared is not only wise, but saves a lot of time and effort for both yourself and us.
If you are a new client it […]
You probably think that tax accounting is about numbers, accuracy, ethics and compliance. And yes, it is about those things. They are incredibly important. But we have found over our 20 years serving the Redlands, is that tax accounting is also about kindness, listening and compassion.
Every week we see new clients who come to us […]
Thinking about starting a business? Wondering what business structure is the most appropriate for your specific circumstances?
If you’re wondering whether to register your business as a company, sole trader, partnership or trust, have a look at this resource from ASIC. This is general advice only of course and may not suit your specific circumstances.
For a […]
First, for all of you with a Discretionary Trust … as you know your annual Trust Income Distribution must be implemented before midnight on 30 June. And remember, once 30 June has passed it is too late to make a change!
Make an appointment now to prepare for year end to ensure you have minimised your tax […]
1. Capture All Your Deductions
There are certain tax deductions that are permitted for most employees in Australia. More information of these deductions can be found on the ATO website.
We recommend that you are familiar with these deductions and ensure that you and your tax agent are claiming these as part of your tax return. The […]
Grab a coffee and your notebook and settle in for some expert advice on effective tax structures – especially if you are a sole trader looking to expand…
For established and growing small business you are likely to outgrow a sole proprietor business/tax structure and be looking at a more sophisticated structure that can be established […]