Personal Tax
The tax treatment of cryptocurrency
Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of.
Unexpected lump sum payment in arrears? There’s a tax offset for that!
A lump sum payment in arrears is a payment you may receive that relates to earlier income years. The general rule is that employment income is assessable in the income year it is received, regardless of the period the payment covers.
Claiming Interest Expenses for Rental Properties
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income. However, interest expenses will not be deductible where money is used for a purpose that does not produce income, even if the money is borrowed by being secured over rent-producing property.
Electronic Execution of Documents During COVID-19
The COVID-19 pandemic has prompted state and territory governments to temporarily ease the manner in which documents are executed.
Claiming A Deduction For Transport Expenses When Carrying Bulky Equipment
As a general rule, expenses relating to travel between home and work (and vice versa) are non-deductible.
Rental Property: Tax Approach Adjusts for COVID-19
Rental Property: The COVID-19 pandemic has placed property owners, and tenants in many cases, in unfamiliar territory.
