Bookkeepers – do I need one?

Bookkeepers – do I need one?

by | Feb 22, 2023 | Business, Business Tax, Tax Tips

In Australia you don’t actually have to have a formal qualification to call yourself a bookkeeper however you do have to have a qualification and be registered with the Tax Practitioner Board to work as BAS agent.  Since 2010 a change in legislation meant that if a...
2022/23 BUDGET SNAPSHOT

2022/23 BUDGET SNAPSHOT

by | Nov 21, 2022 | Budget, Consultants

Low and Middle Income Tax Offset (LMITO) – has not been extended. The maximum tax offset of $1,500 is only applicable for the 2022 financial year and has not been extended for the 2023 financial year. SMSF Audits every 3 years Abandoned – the 2019 Budget proposed that...
Cryptocurrency

Cryptocurrency

by | Dec 15, 2021 | Business, News, SMSF, Tax Tips

Record Keeping for Cryptocurrency You need to keep the following records in relation to your cryptocurrency transactions including: the date of the transactions, the value of the cryptocurrency in Australian dollars at the time of the transaction (which can be taken...