ATO spotlight on visa holders, sponsors and migration agents The ATO has launched the latest round of their data-matching program to include all visa holders, visa sponsors and migration agents. It will request the records of approximately 20 million individuals…
Bitcoin Part 1 – personal investors Bitcoin seems to be all the rage at the moment, and while we all know vaguely what it is, the tax consequences of investing in bitcoin aren’t as apparent. In our two-part series, we…
Excessive card surcharges banned to all businesses Australia’s consumer law has changed to limit the amounts that businesses can surcharge customers for using payment methods such as credit, debit and prepaid cards. A ban on excessive card surcharges now applies…
Super concessional contributions: beware of going over the limit If you are either an employee or a self-employed person and you top up your super by making deductible contributions, you need to be aware of not breaching the annual $25,000…
Pay your way: tax and the sharing economy The desire to pay less for goods and services coupled with the convenience of being able to conduct such transactions online or via apps, has lead large numbers of people to use…
A share trader who holds share as trading stock at the end of an income year must elect to value each share (as an item of trading stock), at cost, market selling value or replacement value. From a planning perspective,…