How to claim crypto losses and capital gains in your tax return
The Australian Tax Office treats cryptocurrency holdings like other investment assets, such as company shares or real estate.
Keep cash flowing: The small business and startup grants available from July 1
The turn of the new financial year did not only launch a new raft of tax measures, but a smattering of small business grants designed to empower the nation's entrepreneurs.
Construction industry collapses surge as sector battles inflation, cash flow limitations and the COVID hangover
Construction company collapses have surged over the last 12 months, as Australian builders battle the end of COVID-era economic stimulus, vulnerabilities in long-established payment models and the impact of rapid inflation and interest rate rises.
Seven Canberra businesses awarded the Innovation Connect Program grant worth $238,0000
The ACT Government’s 2023-24 budget has also committed funding continuation for the Innovation Connect program for the next two years.
What your business needs to know about $20,000 ‘bonus’ tax breaks on energy efficient upgrades
The federal government has outlined its legislative plan for the Small Business Energy Incentive, framing expectations around the $20,000 'bonus' tax deduction while excluding out high-cost upgrades like new electric vehicles.
Xero Beautiful Business Fund to provide up to $690,000 in grants to small businesses
The Xero Beautiful Business Fund will be open to Xero small business customers in Australia, New Zealand, Singapore, South Africa, the United States, Canada and the UK.
Thriday takes a swing at the big accounting platforms with AI-powered business expense tool
Small business accounting platform Thriday is launching a new AI system which tracks business spending to automatically prepare a tax treatment, a development CEO Michael Nuciforo claims as an Australian first.
Small and micro businesses are turning up to tax clinics with average debts of $80,000
Small business and microbusiness owners are fronting up to the University of New South Wales tax assistance clinic with an average tax debt of $80,000.
Why the RBA has kept interest rates on hold for now
The Reserve Bank decided to keep interest rates on hold at 4.1% because it thinks there’s a chance – just a chance – it has lifted them all it needs to.
“Ignore, delete and block”: Australians urged to be on alert for EOFY scams
Australian regulators and agencies have warned taxpayers to be extra vigilant during tax time this year and to be on alert for dodgy EOFY scams.
ATO warns copying and pasting work-related tax deduction claims could land Aussie taxpayers in hot water
ATO Assistant Commissioner Tim Loh said this week there are some key changes to look out for this tax time when claiming deductions.
Athletes, celebrities, and influencers put on notice by new ATO ‘fame’ tax ruling
A tax structure used by leading sportspeople, celebrities, and even influencers will now come under the ATO's scrutiny, thanks to new rules which define some earnings from an individual's 'fame' as personal income.
