Taxation of Cryptocurrency - Do You Need To Declare? 09/23/2019 There are a number of scenarios that you need to consider and the tax consequences for each one are different. Investing in Crypto This is the most common scenario that occurs when you buy cryptocurrency and sell it at a higher price. Such gains are treated as capital gains and form part of your taxable income. Currency that is kept for over 12 months is eligible for 50% discount in capital gains tax. Capital losses are not tax deductible but can be carried forward to future tax years to be
There are a number of scenarios that you need to consider and the tax consequences for each one are different. Investing in Crypto This is the most common scenario that occurs when you buy cryptocurrency and sell it at a higher price. Such gains are treated as capital gains and form part of your taxable income. Currency that is kept for over 12 months is eligible for 50% discount in capital gains tax. Capital losses are not tax deductible but can be carried forward to future tax years to be
5 Crucial Business Start-Up Steps That Every Entrepreneur Needs To Follow 09/19/2019 When launching your own business, there are certain business start-up steps that no founder can afford to miss. In this article, we are going to highlight 5 vital stages that every new business owner needs to complete in order to operate within the law, give your business the best chance of success, and ensure you keep accurate records of your progress. Here are the 5 most vital business start-up steps that every new Australian business needs to cover: Step 1: Decide on a business
When launching your own business, there are certain business start-up steps that no founder can afford to miss. In this article, we are going to highlight 5 vital stages that every new business owner needs to complete in order to operate within the law, give your business the best chance of success, and ensure you keep accurate records of your progress. Here are the 5 most vital business start-up steps that every new Australian business needs to cover: Step 1: Decide on a business
Tax Minimisation Through Corporate Structures 09/19/2019 If you run a company in Australia, one of the biggest bills you will encounter year-by-year is the company's taxes. This is why it is so important for company owners and corporate leaders to understand the benefits of tax minimisation through corporate structuring. In this quick post, we will look at some of the best ways companies can reconsider their structure in order to keep their tax costs as low as possible. Tax minimisation through corporate restructuring is one of the services we help
If you run a company in Australia, one of the biggest bills you will encounter year-by-year is the company's taxes. This is why it is so important for company owners and corporate leaders to understand the benefits of tax minimisation through corporate structuring. In this quick post, we will look at some of the best ways companies can reconsider their structure in order to keep their tax costs as low as possible. Tax minimisation through corporate restructuring is one of the services we help
Top Facts You Need To Know About Buying/Selling A Business 09/14/2019 Every business owner should have a realistic sell-out strategy no matter what size enterprise they are operating. Likewise, anyone looking to start a new business should never jump straight into building from scratch without considering the option of buying a pre-existing business complete with functioning assets. In this article, we are going to take a brief look at the most important things you need to know if you are looking to buy or sell a business in the near future. Much the same as any
Every business owner should have a realistic sell-out strategy no matter what size enterprise they are operating. Likewise, anyone looking to start a new business should never jump straight into building from scratch without considering the option of buying a pre-existing business complete with functioning assets. In this article, we are going to take a brief look at the most important things you need to know if you are looking to buy or sell a business in the near future. Much the same as any
3 Crucial Benefits Of Tax Planning 09/03/2019 There are a lot of individuals and companies in Australia that are still paying more tax than they need to be. Without the benefits of tax planning, your business will see yearly costs that are significantly higher than necessary. You don't have to break the law to benefit from tax planning, nor do you have to adopt any unethical practices that others would consider dishonourable. The government needs every member of the population to pay their fair share of tax, but it’s just as important to
There are a lot of individuals and companies in Australia that are still paying more tax than they need to be. Without the benefits of tax planning, your business will see yearly costs that are significantly higher than necessary. You don't have to break the law to benefit from tax planning, nor do you have to adopt any unethical practices that others would consider dishonourable. The government needs every member of the population to pay their fair share of tax, but it’s just as important to
How Asset Protection Works And Why It Is So Important 08/15/2019 There is a common misconception throughout Australia that asset protection is an accounting concept that is reserved only for the super-rich. As a Southport accounting firm who help a long list of clients with these practices both large and small, we can tell you that asset protection is a strategy that can apply to almost anyone that has something to lose. As an example, imagine you had a net worth of $10 million, and you suffered a lawsuit bill for $2 million. You would be hurt for sure, but
There is a common misconception throughout Australia that asset protection is an accounting concept that is reserved only for the super-rich. As a Southport accounting firm who help a long list of clients with these practices both large and small, we can tell you that asset protection is a strategy that can apply to almost anyone that has something to lose. As an example, imagine you had a net worth of $10 million, and you suffered a lawsuit bill for $2 million. You would be hurt for sure, but
