Changes To Employers & Super When Stapled Funds Come Into Effect 1 November 2021
This year has seen a lot of changes to the rules governing superannuation funds and their own providers by the Federal Government that may have an effect on how you as an employer deal with super. Are you knowledgeable of…
Read moreKeeping 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...
Read moreHow To Choose An Accounting Firm For Your Small Business?
Accounting is one of the important services of any business, be it small or big. Businesses are regularly forced to spend a lot on the accounting department. There are several approaches that a business can take when it comes to...
Read moreIs 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...
Read moreAustralia’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...
Read moreTax 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...
Read moreTax 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...
Read moreHow 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,...
Read moreExtension 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...
Read moreSingle touch payroll extends to all employers by 1 July 2019
Legislation extending Single Touch Payroll (STP) to all employers on 1 July 2019 passed Parliament in February 2019. The legislation will create a few practical issues for smaller employers. Xero, MYOB and most Australian accounting software are STP compliant but...
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