New HELP Repayment schedules
From 1st of July 2019 a new payment minimum of 1% at income of $45,881 and a maximum threshold of 10% at $134,573 For comparison here are this years HELP rates: 2018–19 repayment income thresholds and rates for HELP, SSL, ABSTUDY SSL and TSL Repayment income (RI*) Repayment rate Below $51,957 Nil $51,957 – $57,729 […]
Crypto Record Keeping requirements
The Australian Tax Office (ATO) requires the following records to be kept in relation to cryptocurrencies. the date of the transactions the value of the cryptocurrency in Australian dollars at the time of the transaction (which can be taken from a reputable online exchange) what the transaction was for and who the other party was […]
Home attached to your business? Better read this
Cross-posted from mybusiness.com.au An insolvency specialist is warning business owners to be alert to the risks associated with falling property prices, given the family home is often used as security for business finance. Trent Devine, a partner at Jirsch Sutherland, suggested that the huge boom in values – particularly on Australia’s east coast – has […]
