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tax-advice

Are gambling wins taxable?

Are gambling wins taxable? Typically, winnings from gambling are not taxable. BUT, there is a caution to this. The winnings of a “professional” gambler are taxable. […][...]

tax-advice

TPB investigating tax agents JobKeeper restructuring

Are you a tax agent providing restructuring advice so that your client can obtain Covid19 JobKeeper? The Tax Practitioners Board (TPB) has provided clear instructions on […][...]

tax-advice

Tax and Employee Share Schemes – ESS

Employee share schemes (ESS) are an effective way of providing benefits to employees who perform well but they also come with a tax bill. Employee shares […][...]

tax-advice

Transfer Pricing – SMEs simplified rules

If you have international transactions with a related party – eg a loan from your foreign subsidiary – your Australian tax will be affected if the […][...]

tax-advice

Tax Cryptocurrency: ICO income or capital?

As everyone knows, the taxation of cryptocurrency is a very grey area.  However, the ATO considers that cryptocurrency is a CGT asset (and not cash). Thus […][...]

tax-advice

Buying overseas goods online? Be prepared to pay an extra 10% GST tax

Wonder why Amazon has blocked Australians from their US sites?  It is because from 1 July, goods bought online from overseas will incur a 10% GST […][...]

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