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
By Bottrell Group on March 16, 2018 in Australian Tax Office Updates, Interesting Articles, NTAA, Uncategorized
Records You Need To Keep
By Bottrell Group on September 19, 2017 in Australian Tax Office Updates, Hints & Tips, Interesting Articles
Cancelling SMSF registrations
By Bottrell Group on June 22, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles
Cancelling SMSF registrations Cancelling SMSF registrations The ATO is contacting trustees of newly registered SMSFs that have not lodged an annual return and where they have no records of them holding assets. The ATO is advising tax practitioners that, if their clients receive a letter, the practitioner should advise them that the ATO will cancel […]
ATO to review MP allowances ruling
ATO to review MP allowances ruling ATO to review MP allowances ruling With a number of media reports circulating in relation to travel allowances and work-related expenses, the ATO is urging all taxpayers to understand their obligations and check their claims. Tax Commissioner Chris Jordan said there were no special rules for Members of Parliament: […]
And now, direct from the ATO
By Bottrell Group on June 22, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles
And now, direct from the ATO And now, direct from the ATO Editor: The following are provided as excerpts from reminders to practitioners which have been received from the ATO during the past month. Setting up email notifications – portal mail The ATO recommends that practitioners set up an ‘email notification’ for their practice inbox […]
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 warns about iTunes scammers
By Bottrell Group on June 21, 2016 in Australian Tax Office Updates, Hints & Tips, Interesting Articles
ATO warns about iTunes scammers ATO warns about iTunes scammers The ATO is reminding the public to be alert to scammers impersonating the ATO demanding iTunes gift cards as a form of tax debt payment – this is part of new tactic being used by fraudsters. Of the 8692 phone scam reports the ATO received […]
Last ATO reminder about 30 June SuperStream deadline
Last ATO reminder about 30 June SuperStream deadline Last ATO reminder about 30 June SuperStream deadline Editor: I know we’ve been harping on about this a bit, but so has the ATO – no doubt they’re worried that a lot of smaller businesses (and maybe SMSFs) are ignoring this, and will claim ignorance when they’re […]
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 […]
Tweets
By Bottrell Group on April 29, 2016 in Hints & Tips, Interesting Articles, Motivation, Social Media, The Bottrell Office
Tweets IS TWITTER WORTH THE TWEETS? Tweets Twitter is one of the top social media powerhouses and continues to grow and grow every day. If used correctly, twitter can help to build your business, grow your customer base and keep you abreast of the latest changes and innovations in your industry. Here’s our 4 […]
