Are you part of the growing number of Australians engaged in the sharing economy? If you’re earning income through digital platforms, it’s essential to understand your tax obligations. Here’s a guide to help you navigate the tax landscape in the sharing economy. Understanding Sharing Economy Activities The sharing economy involves economic transactions facilitated by digital …
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Investing in real estate has long been a popular wealth-building strategy in Australia. However, it’s crucial for property investors to stay informed about the ever-evolving tax landscape and any changes that may affect their investments. In this article, we will explore the current tax considerations for Australian property investors and highlight some anticipated changes coming …
Tax Considerations for Australian Property Investors and Changes in 2024 Read More »
While the end of the financial year is fast approaching, there is still time for business owners to be proactive with their tax planning. This can help to maximise returns and reduce liabilities. As part of an effective tax planning strategy, you should consider the following opportunities: Loss carry-back scheme On 6 October 2020, the …
Under Corporation Act 2001 (Cth), Cryptocurrency is categorised as a financial product. If you’ve bought, sold, or traded any goods in cryptocurrency you have a tax obligation to retain the record. Cryptocurrencies are also known as virtual currencies or digital currencies. There are many different types of cryptocurrency such as Bitcoin, Tether, Ether, and so …