Super increase to 10% from 1 July 2021 – what it means for your payslip?
All – New 10% Superannuation Rate 1 July 2021 Increase from 9.5% to 10% Super applies to wages paid from 1 July 2021. Scenario A: Your contract is Y including super – less pay, more super Scenario B: Your contract is X plus super – same pay, more super Scenario A: Contract is X plus […]
Reporting Cryptocurrency Transactions at Tax Time
Have you dived into the world of cryptocurrency exchanges? Cryptocurrency is used to describe encrypted virtual currencies which exist as digital tokens. This digital currency operates outside of government via decentralised ledgers or digital wallets but can be exchanged for online goods and services. The ATO treats cryptocurrency as a form of barter exchange. There […]