As cryptocurrencies continue to lure investors and make them fortunes – or not – authorities around the globe are assessing how to treat altcoins for tax purposes. One clear consensus is emerging: if you spend or invest in them, it is crucial to understand how such transactions are treated for tax purposes.
Litigation over tax office decisions has almost halved in the past three years and there is a message in that for accountants and their clients: talk to the ATO first.
Only the most courageous political leader dares to introduce a tax hike, so how does a region like the UAE create an entirely new tax regime?
Three accountants who are experts in diverse areas of public practice list the three most common questions their clients ask and explain how they respond to them.
Proposed changes to the federal government’s company tax cut could see some small businesses missing out.
Stopping people using and hoarding large sums of cash could be a crucial step in cracking down on tax avoidance.
Tax rulings still have an important role to play but the Australian Taxation Office is also using alerts as a tool to give taxpayers real-time views.
Proposed changes on tax deductibility will affect some landlords more than others.
Three experts weigh up the benefits of providing a tax deduction for a healthy lifestyle.
A new draft guideline from the Australian Taxation Office is set to simplify the taxation of income that many sportspeople earn from their image rights.