SMSF compliance regime for the upcoming year
September 4, 2014
This year, the Tax Office will be turning its attention to the following emerging risks…
Deceased estates: Some essential information
September 2, 2014
Unfortunately, having to deal with managing a deceased estate is a task many of us…
Measures set to kick off on July 1, 2014
September 2, 2014
It is prudent that taxpayers prepare thoroughly for the changes that are certainly going ahead,…
SMSF trustees take note: The new penalty regime is now in force
September 2, 2014
We reported about the changes to the penalties able to be handed down to self-managed superannuation fund (SMSF)
All you need to know about Bitcoin
September 2, 2014
Lauded for its convenience and lack of dependence on a central authority as much as it is derided for its unpredictability and the anonymity it grants criminals, global digital phenomenon Bitcoin is spreading to every corner of the world and transforming the very essence of monetary transactions.
The question is however,is it safe to use Bitcoin in business transactions and what are the tax implications of doing so? A few things to keep in mind are:
Net medical expenses tax offset is phasing out
September 2, 2014
Draft legislation was introduced in the 2013 budget to phase out the net medical expense…