Tax Treatment of Virtual Currencies

If you have a digital coin, is it real? And if it’s real do you have to pay tax on it? According to the Australian Taxation Office (ATO), the answer depends on how you are using it and why. The ATO recently released its position on the tax treatment of the virtual...

Why the ATO might think you are not in business

There are some businesses that the ATO do not really think should be taxed like a businesses. Unfortunately, just having a company or other structure set up does not protect you. If you earn income mostly from your own personal skill or effort, like many contractors –...

Superannuation – What Happens To It When You Die?

The general rule is that superannuation is not part of your estate unless you expressly make it part of your will, right? Well, maybe not. A recent case before the courts serves as a warning to make sure that you take care of the details. Generally, superannuation is...

Quote of the month

We know what we are, but know not what we may be – William ShakespeareThe material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information...