Taxation Advice & Planning

Cryptocurrency tax treatment

Cryptocurrency And Taxes | What You Need To Know

By Wen Wen / June 14, 2021

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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tips for the end of financial year 2020-2021

Top EOFY Tips For Your Tax Plan

By Wen Wen / May 31, 2021

Financial year 2020-2021 The financial year is almost over, but there are still effective strategies you may be able to put in place. The aim is to make sure you pay no more tax than you have to for the 2020-21 year and maximise any refunds you may be entitled to. This is still the […]

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Businesses can claim previous year tax losses

Businesses Can Claim Previous Year Tax Losses

By Wen Wen / September 21, 2020

Claim a deduction for your business tax losses If your business has made tax losses in years to the current one, but you haven’t yet offset all those losses, you can still carry these forward and claim a deduction for them in a later year — as long as you meet all the requirements of […]

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Last-minute tax planning tactics 2019-2020

End of Financial Year- Last-Minute Tax Planning Tactics

By Wen Wen / June 16, 2020

Effective tax strategies to employ for the current tax year This financial year is almost over, but there are still effective strategies you may be able to employ to make sure you pay the right amount of tax for the 2019-20 year and maximise any refund entitlement. This is still, if not more so, the […]

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The threshold rule for small businesses

Small Business | Low-Cost Assets And The Threshold Rule

By Wen Wen / November 27, 2019

The small business threshold rule There is a rule in the tax law that allows a business that doesn’t use simplified depreciation to claim an immediate deduction for most business expenditure of $100 or less to buy tangible assets. Known as the threshold rule, this can help small business owners save time as well because […]

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Lodging your Australian tax return from overseas

Lodging Your Australian Tax Return From Overseas

By Wen Wen / November 7, 2019

Australian tax return and “worldwide” income Most people’s “to-do” list when they are planning a trip overseas will likely include items such as travel insurance, phone chargers or taking photos of their passport — but probably the last thing on anyone’s minds will be their likely tax situation before, during or after that trip-of-a-lifetime. However, […]

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