tax week 2013

The Taxman Wants Your Bitcoins

The Taxman Wants Your Bitcoins

If you’re the proud owner of a sizeable bitcoin collection, we have some bad news for you: the Australian Taxation Office has announced it will be taxing bitcoin transactions this year. What’s more, the online currency has been taxable since inception, which means you could owe the ATO money from…

Tread Cautiously With Tax Avoidance Schemes

Tread Cautiously With Tax Avoidance Schemes

With the new financial year about to start, it’s tempting to sign up for investments that claim to reduce your tax bill. The Australian Taxation Office (ATO) is anxious to remind you that any scheme which appears to promise reduced tax with no risk is likely to be problematic.