Crackdown on Crypto

Have you perhaps dipped your toe into the cryptocurrency world lately? It is definitely growing in popularity. Approximately 1 in 6 Aussies are taking the plunge – including 31% of Gen Z – but don’t forget to make sure your stay on top of the tax side of things. The ATO is paying extra attention

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Sole Traders ATO App

The ATO App has been revamped and refreshed for a more seamless experience! If you are a sole trader, it allows you to securely access a personalized experience that will simplify your interactions with the ATO.   You can quickly and easily:   See when lodgements and payments are due View your income tax and

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Cash Vs Accrual

Cash Accounting Cash accounting tracks the actual money coming in and out of your business. It is based on when the money physically goes in or out of your account. In cash accounting: When you get an invoice – you don’t record the cost in your books until you have paid the invoice When you

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Let’s Talk SCAMS

Scammers are looking for new ways to trick people daily. They trick people into handing over money or sensitive information. When it comes to ATO scams, there are some signs that will help you spot the real from the scammer: The ATO will NEVER: Threaten you with immediate arrest Cancel your TFN Warrant your arrest

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The big question: What do I have for lunch today?

If you don’t work in an office, you might never understand the thought processes that go through your mind in the lead up to the magic lunch break. Accounting firms are no different. Some people are just naturally gifted in being organised and have a perfectly packed lunch each day. Some have yet to develop

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Spending your money: deliberate or downright impulsive?

It boils down to a want versus needs. Conscious or not, people create lists of their want to haves and nice to haves and assume their business needs will come together somewhere in the middle. They create A Venn diagram. There is absolutely nothing wrong with having a prioritized list. This can help your accountant

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