The deadline for existing directors of Australian companies to obtain a Director Identification Number is 30 November 2022. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation (ATSI)...
Accounting
Budget Update
Last night, the Labor Government handed down their first Federal Budget in a decade. There were wins for families in need of daycare and housing but bad news for many with the cost of living continuing to skyrocket. Read the full summary > Budget 2022-23 2.0
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...
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...
New drought loans available for primary producers
QRIDA loans are now available to help producers undertake drought preparation. For more on new drought assistance available for primary producers, read on!