What to do if the Australian Taxation Office (ATO) notifies you of a tax debt

For many business ATO debt can be significant issue. Receiving a notice from the Australia Taxation Office (ATO) indicating a tax debt can be a daunting experience for everyone....

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What is the taxable payments annual report (TPAR)?

If you are running a small or medium business, it’s important to be aware of any reporting obligations to ATO (Australian Taxation Office). ATO has started to increase access...

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Negative gearing and property investments

Negative gearing is a commonly used term to describe a situation where expenses associated with an asset are greater than the income earned from the asset. Gearing is simply...

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Am I an Australian resident for tax purposes?

The Australian Taxation Office (ATO) uses a few different tests to assess whether you are an Australian resident for tax purposes. In Australia we have residency tests, all of...

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“What are crypto assets? – and how they are taxed”

For a very long time a decade ago, the crypto asset was only one: bitcoin. Now to understand crypto assets you need to differentiate them from cryptocurrencies and digital...

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