Cryptocurrency and your Tax Return

The ATO considers Cryptocurrency investments as an asset for tax purposes. Transactions involving Cryptocurrency may be subject to Capital Gains Tax (CGT). If you dispose of any Cryptocurrency, you may be required to pay CGT on any capital gain. The ATO also requires you to keep accurate records of acquiring the Cryptocurrency and any other associated costs.

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Jenni Anderson
Planning for the Cost of Aged Care

As our population continues to age, the need for quality aged care services becomes increasingly important. However, along with the rising demand for aged care comes the significant cost associated with it. Planning for the financial aspects of aged care is essential to ensure a secure future for both individuals and their families. In this article, we will explore the various factors to consider when planning for the cost of aged care and discuss strategies to alleviate the financial burden.

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Jenni Anderson
ATO Taxation Statistics

Have you ever wondered how your super balance compares to people in your age bracket or which occupations are the highest paying? A little known fact is that the ATO compiles data and releases it for public information at the completion of a tax lodgement cycle, while this information is generally not released until a couple of years after the relevant tax year has been finalised, it always highlights some interesting trends. This article includes some graphs and a brief summary of the 4 areas we found most intriguing.

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Jenni Anderson
Leveraging Benchmarking to Evaluate Financial Performance Against Competitors

In today's highly competitive business landscape, organizations must constantly assess and improve their financial performance to gain a competitive edge. One effective method for evaluating financial performance is benchmarking, a process that involves comparing an organization's financial metrics against those of its competitors. By benchmarking financial performance, companies can identify areas of strength and weakness, set realistic goals, and make informed decisions to enhance their financial position. This article explores the concept of benchmarking and highlights its significance in evaluating financial performance against competitors.

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Jenni Anderson
Last chance to make the most of tax-deductible contributions into superannuation

As the end of the financial year approaches, it's time to consider taking advantage of the numerous benefits of making deductible contributions into your superannuation account. Superannuation is a powerful tool for building long-term wealth and securing a comfortable retirement. By making contributions before June 30, you can not only reduce your taxable income but also boost your retirement savings.

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Jenni Anderson