Cryptocurrency space in desperate need of further tax guidanceCryptocurrency space in desperate need of further tax guidance

Grey areas surrounding the tax treatment of cryptocurrency assets is causing major headaches for both accountants and taxpayers dealing with these types of assets, says a specialist accounting firm. Accountants specialising in the cryptocurrency space are facing significant challenges in navigating the tax framework due to a severe lack of{...}

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ATO Focus Areas for 2023 and How a CPA Can HelpATO Focus Areas for 2023 and How a CPA Can Help

The ATO is maintaining its focus on work‑related expenses and rental property deductions this year. Cryptocurrency and private use of business assets are also mentioned regularly. With a revised fixed rate of 67 cents per hour for working from home (WFH) expenses from 2022-2023, the ATO is expected to check that taxpayers are using{...}

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