Staking Rewards, Airdrops, Gifts, Loss, and Chain Splits

This is the final blog in the three part series. Go to Part One or Part Two. 

Staking rewards and airdrops are common in the crypto space. It's important to understand the tax implications of receiving staking rewards or airdrops.

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Part 2: Non-Fungible Tokens (NFTs) and their Tax Implications

This is part two of a three-part series* Read part one here.

What is a non-fungible token? It is a unique digital token representing the ownership of digital or real-work things (like artworks!). It cannot be copied or divided. It is...

CRYPTO ASSETS

This is part one of a three-part series*

Part 1: Understanding and Managing Crypto Asset Investments

We’re seeing more and more of our clients needing to report on ownership of shares and crypto assets. This is because any dividends or income streams from ownership of these...

RECEIPTS AND EXPENSES

Your options for collecting and storing the right evidence!

I see you… the overwhelm of getting everything ready for tax time is REAL. 

Do you have all your invoices and receipts?

Bank statements?

… but are they all stuffed in a box under your bed? Or in...

Big scary tax debt? 

You might want to set up a payment plan with the ATO (and also check out our blog on debts).

The ATO offers payment plans that will help you pay your tax bill, especially if you are currently under financial hardship. You may also be able to set up a payment plan...

Income Averaging - we know you are not ‘average’ by any means, but the ATO have a special rule for people with special income that might help smooth things out in the long run.

Income Averaging is a type of tax relief that the ATO offers to ‘primary producers’ and...

Sing it with me… we are family! 

Tax time may sound like a snooze-fest, but hold on tight because we're about to reveal a treasure trove of tax benefits designed especially for parents like you. We get it – raising a family can be expensive, but did you know that the Australian...

A Guide to Grants, Prizes, and Awards for Creatives in Australia: Taxation, Unearned revenue, and GST Implications

Grants, prizes, and awards play an important role in supporting and recognising the talents and accomplishments of creatives. However, knowing the tax and GST (Goods and Services...

Invoices Made Easy

In the world of business, invoices play a vital role in keeping track of finances and ensuring smooth transactions between buyers and sellers. Whether you're an experienced entrepreneur or just starting your own business, it's crucial to understand what an invoice is and how it...

NFTs: A Deep Dive into the Revolutionary World of Digital Assets

The world is always changing, and we once again find the world asking - is this art? And accountants asking - what the hell do we do with this? Often the world moves faster than accounting law so we have to do our best to keep up...