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Category: Finance

10 June 2021 - GAP Accountants

The ATO is concerned that many taxpayers believe their cryptocurrency gains are tax-free, or only taxable when the …

12 June 2019 - GAP Accountants

The ATO is collecting bulk records from Australian cryptocurrency designated service providers (‘DSPs’) as part of a data …

15 August 2018 - GAP Accountants

With interest in cryptocurrencies (such as Bitcoin) increasing, the ATO has issued guidance regarding various tax consequences of …

12 June 2017 - GAP Accountants

As a general proposition, for income tax purposes, interest income on a bank account is assessable to the …

10 October 2016 - GAP Accountants

Earlier in the year, we reported that an unknown source had leaked 11.5 million documents from the Panamanian …

14 September 2016 - Cassie Chen

The ATO has confirmed that a taxpayer carrying on business is generally entitled to a deduction for expenses …

05 September 2016 - Cassie Chen

The ATO has launched a new project called ‘Super Scheme Smart’, an initiative aimed at educating individuals about …

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