record keeping

How to keep records for GST

Taxable payments annual report (TPAR) – Cleaners and Couriers

From the ATO: Cleaners and Couriers will need to lodge a Taxable payments annual report (TPAR) each year on contractors in their business. For this tax year (2019) the return will be due on the 29th of August 2019. If this affects you please ensure you keep the following information as a minimum requirement, the […]

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 […]