Taxation

The Australian Taxation Office is actively working to dispel the myth that cryptocurrency gains are tax-free. According to ATO,over 600,000 taxpayers have invested in cryptocurrency in recent years, with many failing to disclose their capital gains. Although bitcoin technology is relatively new, the tax laws that apply to cryptocurrency investors are well-established under capital gains […]

According to a new industry report, Over a quarter of Australian workers are due to a sum of $5 billion in overdue super. Resulting in renewed calls for stricter regulation. One-third of them were the age of 30, with those in low-wage positions suffering the most.

One of the best ways through which you can incentivize the employees is by offering shares through the employee share schemes. You can offer the shares to the employees as the remuneration of a higher salary. There are many startup businesses to start the growth phase; it can be the best feature to attract employees […]

It’s already October, and one thing that people are doing faster right now is to file the correct tax return for their income and gain benefits from the ATO for their best. Every person who is resident in Australia for tax purposes is eligible to pay the taxes and to file the income tax return […]

One of the most important tasks that all people, no matter what their income level is, should do is file the tax return on time. Filing the tax return is something that can lead to many benefits, and hence you will get some money back every 4 out of 5 times when you file it […]

In the year 2021, many things have changed, and when it comes to the tax rates and other rules, there is an effect too. However, there are many benefits to the people offered by ATO; it means the more you will save from tax, that means you will be able to get more investments and […]

If you are on this page, then this is a sign to be more cautious and alert while filing your taxes. We no more live in a world where everyone is trustworthy. Since the tax season is around the corner, the scammers are ready to ambush liable beings who are preparing to file their returns. […]

When the time comes to pay the taxes, people are at more risk of being caught in any kind of tax avoidance scheme. People often look for the different ways or schemes through which they can increase their cash flows. Some of the tax avoidance schemes may involve-

You may be aware of many schemes to create or inflate the entitlement to the cash flow boost, but do you ever think whether the things you can you are doing are right. There are some schemes which include artificial- Business restructures, Split the business which has the turnover of $50 million and they may […]

People in Australia have been looking out for the different ways through which they can claim more money from paying the Tax. But they have now been warned by the ATO that if anyone founds doing any creative attempt to earn more money, they may have faced many penalties. They may even have the risk […]