There’s been a lot of buzz about bitcoin lately, so we thought it timely to run over the ins and outs of cryptocurrencies.
Another phenomenon of the modern marketplace is the sharing economy, but care needs to be taken when dealing with businesses carried on via sharing platforms to ensure there are no hidden tax traps. We use Airbnb as an example.
Buying online from overseas is also prevalent these days, so we take a quick look at related costs such as customs duties.
There are many rules and requirements when making commutation requests for your retirement income. The ATO has issued some guidance.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.