Tax

If you bought, sold, staked, swapped, or even just tested cryptocurrency in the past year, you may have crypto tax obligations in Australia that you did not realise. The ATO is paying close attention to crypto activity – and even one or two trades could result in a capital gains tax (CGT) event. Whether you are a casual investor or deeply involved in DeFi, it is crucial to understand how crypto tax in Australia works before lodging your return. Does the ATO Know About My Crypto? If you bought, sold, staked, swapped, or even just tested cryptocurrency in the past year,

Tax deductions in Australia for 2025 are one of the biggest topics as tax time approaches. Every year, individuals and business owners ask: What tax deductions can I claim this year? To help you navigate the latest ATO rules, we’ve created this complete (and quite detailed) guide for both individuals and business owners. Use the table of contents below to jump to the sections most relevant to you: Table of Contents 1. Tax Deductions in Australia 2025 Overview When tax time arrives, one question always comes up: “What can I claim?” Claiming eligible tax deductions helps lower your taxable income – meaning you

Ever found yourself scratching your head at the end of a financial year, wondering how those business lunches and office shindigs have bumped up your tax bill? Well, you’re not alone. Fringe Benefits Tax, or FBT, often catches Aussie business owners by surprise, especially when it comes to entertainment expenses. You need to know what counts as entertainment and how it can impact your tax obligations. In this blog post, let’s dig into FBT and learn how you can effectively manage these expenses to keep surprises at bay. So, What’s “Entertainment” in Business?   By the book, the Australian Taxation Office (ATO)

Have you ever thought about renting out your house as a short-term rental on a platform such as Airbnb or Stayz or through an agent? Whether it’s a new job interstate or overseas, a long holiday, financial troubles or a family member in need of a carer, there are plenty of reasons why a homeowner might leave their home (known here as the ‘principal place of residence’ or PPR) to move elsewhere for a period of time. Sounds simple right? But; you could end up being liable for more than you bargined for without the right planning. There is never a