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Keeping books for small business

Bookkeeping includes tracking and classifying all the financial transactions in your business. It’s maintaining track of what your business usually spends and what your business gets. These tasks used to be maintained using books and ledgers, for that reason the...
Is Bitcoin Legal in Australia

Is Bitcoin Legal in Australia?

Bitcoin’s popularity over the years may possibly have been a bit unnecessarily harsh. Even though more and more Australians buying on the crypto train, some are still unclear about the legalities surrounding crypto and whether it is even legal. The...
Growing Interest In Cryptocurrency

Australia’s Growing Interest In Cryptocurrency

Across Australia, and specifically among millennials, there has been a significant spike in interest in cryptocurrencies. The numbers are so staggering in fact, that now 4 in 10 Aussies are planning to use cryptocurrencies within the next year, with respect...
Crypto Trader

Tax Implications on Crypto Trader

You have had a effective year on the markets, daily you wake up and check the latest news feed to see what prospects the day might bring. You see the markets diligently, patiently waiting for the right signal before placing...
Tax Implications on Crypto Investor

Tax Implications on Crypto Investor

The profile of an investor is an person or entity that is intending to create wealth through long-term capital growth, or by having regular dividends and payments from investments. An investor holds any provided asset for an extended period, typically...
cryptocurrency in Australia

How does cryptocurrency get taxed in Australia

Cryptocurrency has emerged as an alternative digital asset at the present time of uncertainty and of automation of businesses. The initial advantage of cryptocurrency was the apparent obscurity of its users. However, with time, as cryptocurrency evolved to become mainstream,...

Extension and increase to immediate asset write-off to $25,000

The Government has announced that the threshold small business entities to claim an immediate deduction for depreciating assets will be increased to $25,000 (up from $20,000). The increased threshold is intended to apply from 29 January 2019 until 30 June...
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