Are you raising children and in need of financial assistance? The Family Tax benefit is a two-part payment that will provide you with the help you require. To help you understand how to claim the Family Tax Benefit, our team of professionals at One Accountancy have outlined everything you need to know. Read on to…
Anyone who buys, sells, or invests in cryptocurrency must know of their tax obligations. Although cryptocurrency is essentially virtual currency, it is still recognised as an asset by the ATO. Therefore, it will be taxed accordingly. Investing in cryptocurrency may seem daunting, especially when you’re unsure how tax will impact your wealth management plans. However,…
Unless you are below the tax-free threshold or are in a tax-exempt category, lodging a tax return in Australia is compulsory; even if you have a loss or may not have any tax to pay. Failure to do so can result in strict penalties, fines and interest too. Think you can get away with it?…
Small business owners often ask “What is the role of a CFO in my small business? I already have a bookkeeper to count my beans”. Why big businesses employ a CFO? Ever wondered why big and successful businesses employ a full-time Chief Financial Officer (CFO), not just bookkeepers? Because they realise that a good CFO…
Generally, properties rented out on Airbnb get taxed in much the same way as investment properties, i.e., rent received by the owner is assessable as rental income, even though you may rent through Airbnb or Stayz platform. Therefore, as long as you don’t rent out the property to multiple or unrelated tenants, it is treated…
