Private Tax Rulings (What You Need To Know)

Private Tax Rulings (What You Need To Know)

Private ruling facts Some people believe you may be able to coerce a better tax outcome by applying for a private ruling from the ATO, but there are some sober facts that you may need to keep in mind if you have thought of doing this yourself. While it is the case...

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Is Crowdfunding Taxable Income?

Is Crowdfunding Taxable Income?

Crowdfunding and tax (what you need to know) ... Not so many years ago, the concept of raising funds via crowdfunding would more likely be seen as a way to fund community-based, local-issue or “help-your-neighbour” initiatives. But increasingly these days crowdfunding...

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Tax Treatment Of Cryptocurrencies (Updates)

Tax Treatment Of Cryptocurrencies (Updates)

ATO updates crypto guidelines The ATO has updated its guidelines on the tax treatment of cryptocurrencies, including issues about exchanging one cryptocurrency for another and record-keeping requirements. Trading stock rules apply to cryptocurrency transactions In an...

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Tax Disputes (Revealing The Real Battle)

Tax Disputes (Revealing The Real Battle)

Managing tax disputes can be like wrestling with a superhero It is sometimes said that a superhero like the DC Comics character Superman can be an uninteresting character because he is, for all practical purposes, indestructible. Critics have said the knowledge that...

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Your Business Loss Claim Can Be Denied By ATO

Your Business Loss Claim Can Be Denied By ATO

Are you claiming a business loss at tax time? Why your business tax loss may be denied ... Business owners are naturally keen to be able to absorb a business loss as a tax deduction, but it also pays not to stray too far from the generally accepted rules regarding tax...

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2-Minute Quiz On Partnership Tax

2-Minute Quiz On Partnership Tax

Taxation on partnerships - how well do you understand it? Take this 2-minute quiz about Partnership Tax: Question 1 - Which of the following is the definition of a tax law partnership? An association of persons (other than a company or a limited partnership) carrying...

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