What’s new

Superannuation updates – 2018

Last years Budget announced major changes to superannuation not seen for over a decade. The changes will introduce increased reporting requirements with the new reporting to occur before 30 June 2018. The reporting requirements will be ongoing for the life of superannuation members and the announced changes are likely to impact superannuation balances in the...
Read More

2018-19 BUDGET ANNOUNCEMENT

The Federal budget announcement on 8 May 2018 was fairly conservative, light on any major tax reform and heavy on long term tax relief for many low and middle income  Australians. The Government was a beneficiary of higher than forecasted tax collections with a deficit forecast for 2017/18 of $18.2b (less than half the...
Read More

Bitcoin Investors vs Bitcoin Business

With the spectacular rise (and recent fall) of Bitcoins, Alt-Coins and other Cyrpto-currencies lets have a look at what the tax implications are of transacting in these assets.The tax treatment is very similar to that of a share trader vs investor scenario so lets recap these specifically with Bitcoin in mind.Purchasing Bitcoin as a personal...
Read More