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ATO issues update on cryptocurrency compliance traps

The ATO has provided further details on some of the regulatory considerations with cryptocurrency for SMSFs, including valuations, in specie contributions and ownership of assets.

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Accountants spy elder abuse spike as mortgage stress sets in

Housing affordability is tempting some adult children into elder abuse territory, as they look to their parents' retirement savings to alleviate their mortgage stress.

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Get Ready for ATO E-Audits

In this fast-paced world of everchanging technology, the ATO is finally catching up with the times by using computer assisted verification techniques to conduct audits, a process they are calling

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Bitcoin – Part 2

Part 1 of our series on bitcoin looked at the tax consequences for those who invest in bitcoin on a personal level. Here, in Part 2, we examine the tax consequences

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Super Clearing House Changes

Although the SBSCH itself hasn’t changed, the service has been migrated to the ATO’s Business Portal. This means your old login details will no longer work and you need to arrange

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Social Media for Business

Why socialise? With only a third of Australian businesses currently adopting a social media presence, many are missing out on business opportunities – including unparalleled market reach – and financial incentives.

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Labor’s tax plans could favour the rich, analysis shows

Labor's plans for excess dividend imputation credits will favour the rich despite claims it is targeting wealthy Australians, according to specialist analysis.

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‘Substantiation will be a key focus’: ATO drums in tax time 2018 hit list

The tax office has further detailed what type of work-related expenses will be in focus this tax time and signalled a particular focus on documentation where “red flags” are automatically triggered in its system.

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