You may often wonder why the ATO decide to review or audit your business. One of the reasons may be that your business has a specific financial item which ‘stands out’ from the remainder of similar businesses in Australia. The ATO have Small Business benchmarks and Industry benchmarks which they use to compare your [...]
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So far Scott Ward has created 3 blog entries.
The average person does not really think too much about taking a taxi or a ride-sourcing (often referred to as ride sharing) service such as Uber, Ola or Didi – it’s a decision based on service and cost. However, the ATO have particular views on these methods of travel, in particular, GST (Goods and Services [...]
The ATO has released guidance on the taxation of Bitcoin which is likely to cover most cryptocurrencies. The tax implications of some common scenarios are discussed below. Author Scott Ward If you are in business and you are using a cryptocurrency to buy and sell goods and [...]