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Cryptocurrency tax treatment

Cryptocurrency And Taxes | What You Need To Know

Crytocurrency tax treatment and compliance Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of. It’s been more than 10-years since the advent of bitcoin and the term “cryptocurrency” entered the public consciousness. However, neither bitcoin nor the many thousands of cryptocurrencies that have …

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New guidelines for allocation of profits within professional firms

Allocation Of Professional Firm Profits | New Guidelines

New guidelines for allocation of profits within professional firms The ATO recently published revised guidance for professionals when considering the allocation of profits by professional firms. The ATO is concerned about arrangements involving taxpayers who redirect their income to an associated entity from a business or activity which includes their professional services, where it has …

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