The office dog made some time in his busy schedule to pop by and wish you a happy National Love Your Pet Day! Now that he has his jacket on & bag packed he's ready to set off on his next SEOversite Adventure. Along with the rest of the crew you can find us at the upcoming Aesthetica Super Symposium 2018 in Las Vegas (March 1-3). Come see some of our talks or pay us a visit at our booth for some insider information on SEO, Website Design, Online Marketing, and more.
Until the end of last year, cryptocurrencies weren't even recognized as an official form currency by Australian authorities. But now the ATO has published following statement – ‘Transacting with Bitcoin is akin to a barter arrangement, with similar tax consequences. Our view is that Bitcoin is neither money nor a foreign currency, and the supply of Bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax (CGT) purposes. You need to keep the following records for Bitcoin transactions: • The date of the transactions • The amount in Australian dollars (which can be taken from a reputable online exchange) • What the transaction was for • Who the other party was (even if it’s just their Bitcoin address). ATO is also establishing a special Task force to ensure cryptocurrency investors are paying the correct amount of tax. A team of specialists across tax law, technology, banking and finance will devise strategies to follow the money on gains made from investment in digital currency. In these days of uncertainty, you need a tax specialist such as Tax Store St Albans to address all your queries about the tax implications of cryptocurrency investments. Don’t hesitate to get in touch with us on either 03 9382 6334 or 0434 987 789. You can also visit us at Unit 2/20 Oberon Ave, St Albans VIC 3021. #business#acccounting#socialmedia#marketing#branding#successful#construction#advertising#picoftheday#realestate#smallbusiness#investing#melbourne#bestoftheday#instagood#instadaily#entrepreneur#inspiration#bookkeeping