Crypto tax guide in Australia (2022)

Posted on August 10, 2022Categories Advisors, Compliance, Technology

Crypto currency has exploded in popularity the world over. Whether used as an investment, store of value or to disconnect from the worlds fiat banking system, crypto is all the rage. Whether you’re already investing in currencies like Bitcoin or Ethereum, or perhaps considering dipping a toe in the pool, you need to understand the tax implications in Australia. Many Australians have been somewhat confused by these duties around crypto, and we broke that down for you. Let’s jump into … Continue reading “Crypto tax guide in Australia (2022)”

Important business changes coming into effect after 1 July 2022!

Posted on July 22, 2022Categories Compliance, News, Small business, Technology

Seismic shifts are brewing across the Australian business landscape this year, and it would be prudent to get ahead of them. From prescriptive changes like eInvoicing mandates, superannuation guarantees, and plastic bag bans – to less palpable shifts such as inflation and energy costs, you should be getting your business ready to tackle these obstacles and opportunities now. Let’s do a quick round up of the business changes coming for you in the near future. Changes to super From 1 … Continue reading “Important business changes coming into effect after 1 July 2022!”

“The digital future is already here. It’s way past time to fully adopt the cloud”

Posted on June 28, 2022Categories Advisors, Compliance

Once upon a time the cloud was new and strange, and you could exceed in business without paying it any mind. That time has long since passed. With the onset of the pandemic, and changed work patterns, it’s not surprising that the uptake of cloud computing has surged both nationally and around the globe. Figures from 2022 suggest 94% of all enterprises worldwide already use a cloud service, and the market is expected to reach $623.3 billion by 2023. “With … Continue reading ““The digital future is already here. It’s way past time to fully adopt the cloud””

The golden rules to avoid a massive tax bill as a sole trader

Posted on June 22, 2022Categories Advisors, Compliance, Small business

It happens every year. Sole traders around the country tread steadily toward the end of financial year on 1 July, until suddenly, their chest tightens with panic. Hot on their lips is the nail-biting question: what if I don’t have enough coin in the bank to pay my tax bill? Most sole traders will know that they’ll need to file their business tax return to the ATO between 1 July and 31 October. However, unlike regular taxpayers who may receive … Continue reading “The golden rules to avoid a massive tax bill as a sole trader”

Staying sane during tax time

Posted on June 13, 2022Categories Advisors, Compliance, Small business

It’s almost 1 July, you know what that means right? Tax time is looming, and it’s time to finalise your EOFY to hit the ground running. You’ll need to organise tax returns, refresh your business plan, balance your books, do a year in review, consult with your accountant, and ensure absolute compliance with the ATO. But you knew that already. It also means a few metric tons of brow-furrowing pressure and stress. Make no mistake, tax time is stressful, and … Continue reading “Staying sane during tax time”