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Cryptocurrency won’t be treated as a foreign currency.

Treasury released exposure draft legislation that ensures digital currencies such as Bitcoin are not treated as a foreign currency for income tax purposes. The proposed change is driven by the uncertainty that has arisen following the decision by El Salvador to adopt...

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120% deduction for skills training and technology costs.

Spend $100 and get a $120 tax deduction when SMEs invest in skills for their team or technology.   This was the proposal outlined in the 2022-23 Federal Budget that has now been adopted by the current Government and released as an exposure draft for consultation....

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Record Keeping for your Investment Property

  Do you own a rental property or holiday rental? You need to keep records for residential or holiday property you rent out, make available for rent or intend to rent out. You will need these records to work out how much: rental income you need to declare you can...

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Secure your .au Domain

Secure your .au Domain name now! The auDA introduced a new system allowing any Australian business to register their business under a new domain category (.au). This is instead of the previously required options of .com.au or .com etc. For example,...

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