Business Tax

Tax Planning Strategies for Small Businesses

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 […]

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How Crypto is Taxed?

How should the new information -based blockchain economy be reported on tax returns? What is Cryptocurrency? A cryptocurrency is often used to describe a digital asset in which cryptography is used to regulate the generation of additional units and verify transactions on the blockchain. It usually operates independently of central banks, central agencies or governments,

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Queensland Small Business Grant – Updated May 2022

Are you a Queensland business wanting to build a new website or promote your business online? The Queensland government just made it easier for you. QLD businesses can now apply for business grants up to $5,000 (Excl. GST) under the Business Basics Grants Program, and use it towards website design and development, as well as SEO

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Three Tax Tips Must Know When Trading Crypto

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

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