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...
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Crypto Tax Australia: Crypto Capital Gains & Obligations
Crypto tax in Australia can be complicated. You should be aware of two key areas – your individual (or business) tax, and crypto capital gains tax obligations. Understanding how these interact can help you avoid a lot of headaches and get on top of your crypto tax. In simple terms,...
E-Invoicing: What it means for your business
As part of the 2021 Federal budget, the government announced $15.3 million in funding to accelerate the adoption of e-invoicing by public services and Australian businesses. Through the adoption of e-invoicing systems and standards such as PEPPOL, the government hopes to reduce business costs and increase the productivity of the...
12 Ecommerce trends you need to know
2020 was a big year for online businesses. After a year of unprecedented sales growth, online businesses are now trying to capitalise on current ecommerce trends and make pandemic online shopping habits stick. While ABS data reveals a third of us prefer to do more of our shopping online than...
Important changes to Superannuation from 2021 and beyond
From the 1st of July, changes to superannuation will come into effect that will impact how you manage your super contributions for yourself and your employees. Here’s what you need to know. Superannuation Guarantee Increase to 10% Starting on 1 July 2021, employers will now have to contribute 10% of...