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The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. The first point to understand is that gains and losses from crypto are only reported in your tax return when you dispose of it - you sell it, convert it to fiat...

The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we're going through a process now of steadily increasing interest rates, and there's...

Climate change featured heavily during the election and now the Albanese Government is putting into place some of the promises it made. We look at the current state of play and the likely impact. The Government’s Climate Change Bill passed the House of Representatives...

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market in Australia but it is a rapidly growing sector with...

One of the biggest complaints from salespeople in a tight economy is the time it takes to achieve a sale.  So, what can you do to speed up the sales process?   Sell the solution not the product Branding is wonderful but unless your brand is as mighty as Coca...

A reminder of what changed on 1 July 2022 Business Superannuation guarantee increased to 10.5% $450 super guarantee threshold removed for employees aged 18 and over Small business GST and PAYG tax instalments lowered (the total tax liability remains the same, just the...

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.   Capital gains tax (CGT)...

Next round of Business Boost grants on the way Small businesses ready to take their business to the next level are being encouraged to apply for a Business Boost grant up to $15,000. Previous Business Boost grant recipients have used the funds to introduce an online...

Here are a few things to consider coming up to tax time for individuals: - Save on tax by making superannuation contributions - You can claim a tax deduction for personal contributions. You’ll need to complete and lodge a valid notice of intent with your super fund....