Despite the fact ‘negative gearing’ sounds like something that should be used on an episode of Star Trek, it is in fact a much more down to earth tool that many Australians regularly use when managing an investment. So, what is negative gearing? Negative gearing occurs when expenses associated with...
Author: Patrick Sargent
I am a chartered accountant, registered tax agent and a co-founder and CEO of POP. My passion lies in creating high-performing teams, optimising business processes and leading the strategic direction of the business. I am also a member of Chartered Accountants ANZ and a Fellow of the Australian Institute of Company Directors. My expertise includes helping small businesses with a range of accounting services, including: tax preparation, business advisory, accounting and bookkeeping, and personal tax planning, as well as company, trust and partnership tax returns and more.
What is a Chartered Accountant and why should you use one?
Firstly, you’ve probably guessed by now that we love accountancy, it’s our thing! But we also love helping businesses no matter their size, learn and understand about what we do and how we do it, so they’re able to make more informed choices that drive business growth. You may have...
What is Payroll Tax?
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,...
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 mining...
Cryptocurrency tax: am I a business or professional?
Cryptocurrency tax is normally assessed using the capital gains system. However, it’s important to note that depending on your cryptocurrency activities, the ATO may consider these as business-like behaviour. This means that your cryptocurrency tax will no longer be assessed as CGT, but as business income tax. If this is...