Key aspects of Division 7A
Division 7A is a provision in the Australian Income Tax Assessment Act 1936 that addresses the treatment of payments, loans, and debt forgiveness made by private companies to their shareholders …
What business structure to choose?
In Australia, there are several business structures to choose from, each with its advantages and disadvantages. The most common business structures are: When choosing a business structure, consider factors such …
Taxation of crypto currency
Taxing cryptocurrency in Australia involves reporting your crypto-related transactions and calculating any applicable taxes. Here’s a general overview of how to handle cryptocurrency taxation in Australia: It’s essential to note …
How to determine tax residency?
Determining tax residency in Australia involves considering various factors and applying the residency tests defined by the Australian Taxation Office (ATO). Your tax residency status can significantly impact your tax …