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About Kirsten Downes

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So far Kirsten Downes has created 5 blog entries.

Is there tax payable if I buy or sell Bitcoin?

Cryptocurrency is generally used to describe a digital asset and are a form of electronic money. They do not physically exist as coins or notes. A cryptocurrency unit, such as a bitcoin or ether, is a digital token created from code using an encrypted string of data blocks, known as a blockchain. There are [...]

2018-12-19T11:25:19+10:00April 4th, 2018|Uncategorized|Comments Off on Is there tax payable if I buy or sell Bitcoin?

Do I need to register for GST if I provide Uber services?

If you provide ride-sourcing services you are likely to be carrying on an enterprise, given that you: intend to make a profit operate in a business-like manner must provide invoices to customers Running a ride-sourcing enterprise means you must have an ABN and be registered for GST. Your GST registration needs to start from [...]

2018-12-19T11:24:45+10:00April 4th, 2018|Uncategorized|Comments Off on Do I need to register for GST if I provide Uber services?

Tips for keeping good records

Do you find record keeping for your small business complicated? We are here to help you learn about good record-keeping practices and keep correct and complete tax records. The top tips to help keep good records are: Obtain valid tax invoices for all purchases that include GST Keep accurate records of all sales and [...]

2018-12-19T11:26:36+10:00April 4th, 2018|Uncategorized|Comments Off on Tips for keeping good records

What are the tax effects if I let part of my house using Airbnb?

Although Airbnb is one of the more widely known facilitators connecting those with a room or part of their house to let with suitable applicants through an app or a website, the following advice also applies to anyone renting out part of their house whether for a short term or longer. The following tax [...]

2018-12-19T11:27:22+10:00April 4th, 2018|Uncategorized|Comments Off on What are the tax effects if I let part of my house using Airbnb?

What happens if I earn income overseas?

All Australian residents for tax purposes must declare all income they earn on their Australian Income Tax Return, whether the income is earned in Australia or overseas. Under the Common Reporting Standard for the automatic exchange of financial account information, banks and other financial institutions will collect and report to the ATO financial account information on [...]

2018-12-19T11:27:51+10:00March 1st, 2018|Uncategorized|Comments Off on What happens if I earn income overseas?