Staying Scam Safe
Last year, Australians lost over $2.7 billion dollars to scams! Scams are an ever-growing problem that we are all facing daily, and unfortunately, we can see no end in sight. This is why education and prevention are important now more than ever. We need to educate ourselves on what to do if you find yourself […]
Medicare Levy and Medicare Levy Surcharge – what’s the difference?
This time of year we receive a lot of questions about the Medicare Levy and Medicare Levy Surcharge. So what are they? And what is the difference between the two? Let us explain… The Medicare Levy is an amount you pay in addition to the income tax you pay on your taxable income. According to […]
Tax Treatment of Cryptocurrency Transactions
The number of people investing in cryptocurrencies (“crypto”) is increasing. But did you know that even though it’s a digital currency, taxes may still apply! Crypto is usually treated as an asset and this means that the transactions may be subject to Capital Gains Tax (CGT). Here’s a breakdown of how the different crypto transactions […]