Bottrell Accountants, Financial Planners & Tax Agents

East Maitland Accountants & Financial Advisors, Newcastle Accountants & Financial Advisors

Tax Treatment of Cryptocurrencies

Capital Gains Tax If you acquire cryptocurrency as an investment, you may have to pay tax on any capital gain you make on disposal of the cryptocurrency. Regardless of any market fluctuations, you do not make a capital gain or loss until you dispose of your cryptocurrency. A disposal can include: Selling or gifting cryptocurrency […]

ANAO report: Unscheduled taxation system outages

The Australia National Audit Office (ANAO) Has released its report into whether the ATO effectively responded to the recent unscheduled information technology (IT) system outages (the most significant of which occurred in December 2016 and February 2017). The ANAO notes that online services have become the primary means of transacting with the ATO, so it [...]

New Simpler BAS on the way

New Simpler BAS on the way New Simpler BAS on the way The ATO has been working with small businesses, tax professionals, industry associations and software providers on ways to deliver a simpler business activity statement (BAS) to make GST record keeping easier and less costly. To achieve this, several GST labels will be removed […]

ATO reviews the legitimacy of not-for-profit set ups

ATO reviews the legitimacy of not-for-profit set ups ATO reviews the legitimacy of not-for-profit set ups The ATO is reviewing arrangements by taxpayers located primarily in northern NSW and southern Queensland who may be incorrectly claiming to be a not-for-profit organisation in order to avoid paying tax. Assistant Commissioner Scott Parkinson said that the ATO […]

Stamp Duty Business Assets

Stamp Duty Business Assets Stamp duty on business assets to be scrapped Stamp Duty Business Assets NSW stamp duty on business assets other than real property will be scrapped on 1 July 2016. Those who have lobbied for its abolition argue that stamp duty is the tax that puts the greatest burden on living standards […]

Buffer, Hootsuite, MailChimp

Buffer, Hootsuite, MailChimp Buffer, Hootsuite & MailChimp Advice Small Business Advice & Tips; Buffer, Hootsuite & MailChimp Advice Buffer, HootSuite, MailChimp   To help grow your small business and increase your brand awareness you need to get noticed! A few programs to consider utilising are; Buffer, Hoot Suite & Mail Chimp. They offer the best […]

Business Definitions

Business Definitions Small Business Advice & Tips Business Definitions Self Employed. A person who is self-employed is defined as someone who “works for oneself as a freelance or the owner of a business rather than for an employer”. This can be either as a sole trader business type, where you are the exclusive owner of […]

Online Business

Online Business GET ONLINE OR GET LEFT BEHIND Online Business   Our modern day dependence on technology and everything digital means if your business is not online, you may as well pack your bags and call the cleaners to vacate the building. Whether it is android or apple, your customers are holding a device of […]