When it comes to tax, its often easy for business owners to become overwhelmed by trying to keep up with thresholds, inclusions, exclusions, and reporting. This can be especially true with Payroll Tax, which is why we’ve put together a short guide to help you better understand what it is,...
Month: August 2021
Crypto Mining Tax: How to report your income correctly
The regulations, reporting and obligations around crypto mining tax can often be quite difficult to understand. Even the information on mining cryptocurrency taxes provided by the ATO, who are leading the world in cryptocurrency regulation and legislation, can be a little confusing. To help you understand your obligations for crypto...
ATO Cryptocurrency Letter: What do you need to know?
In June 2020, the ATO commenced the ATO cryptocurrency letter notification system. For many people, they believe that cryptocurrency trading is anonymous, however this isn’t entirely true. The ATO is leading the world in enforcing the regulation of cryptocurrency and as part of this process, requires exchanges operating in Australia...