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Click a button, find your lost super

Click a button, find your lost super

The ATO is urging Australians to make two further clicks when submitting their tax go back on-line this 12 months. Tax time is right here, which means that thousands and thousands of Australians shall be logging into their myGov account to record their tax go back with the ATO’s on-line …

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Tax clarity is gradually coming to Australian crypto holders

ATO creates task force to prevent cryptocurrency tax evasion

Cryptocurrency is going from a tax nightmare to industry as standard. After hitting the limelight in 2017, cryptocurrencies have left tax companies all over the world scratching their heads, with crypto investors being left in a similar way at a loss for words. Australia is no exception, however the ATO …

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Half of cryptocurrency users happily admit to lying to the IRS

Half of cryptocurrency users happily admit to lying to the IRS

There’s definitely about it. Cryptocurrency users are completely lying to the taxman. Recent figures from Credit Karma have discovered that out of 250,000 filers, less than 100 were reporting capital gains from cryptocurrency, inflicting some to cautiously speculate that there “there’s probably a lot of underreporting.” These strangely low figures …

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The ATO wants to hear from you (sure YOU) on cryptocurrency tax

IOTA Ecosystem introduced: The new nerve centre of IOTA development

What the ATO wants to hear about, and a few issues to imagine if you need to give the ATO comments. Every good tax authority on the planet wants to make it as simple as imaginable for electorate to pay taxes. Cryptocurrencies have difficult that slightly. In a nutshell, you …

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Cryptocurrency SMSF: ATO creates guidelines on crypto super

Cryptocurrency SMSF: ATO creates guidelines on crypto super

How to price it, what sort of pockets you want and extra. The ATO clarifies cryptocurrency regulations in SMSFs. After fielding extra unanswerable questions than they are able to solution, the ATO has revealed a brand new set of guidelines for cryptocurrency investments in self managed super funds (SMSFs). The …

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Australians have already lost over $50,000 of bitcoin to a tax scam

Australians lost $89 million to scams in 2017

That’s the only the place any person desires you to pay tax debt in bitcoin. The ATO does not need your bitcoin. The scam is going like this. Someone contacts you and claims to be from the Australian Tax Office (ATO). They say that you have got a huge tax …

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ATO creates task force to prevent cryptocurrency tax evasion

ATO creates task force to prevent cryptocurrency tax evasion

The Australian Taxation Office is cracking down on crypto, then again, Australian buyers nonetheless have more than one avenues to be had for spending their coin. The Australian Taxation Office (ATO) is operating with top-tier trade professionals to be certain that all suitable taxes are paid on cryptocurrency transactions. This …

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