As the ATO data matching program ramps up, Australians who have invested in cryptocurrency will no longer be able to conceal their transactions from the ATO to avoid paying tax.
The ATO has upheld its good-faith approach to the accounting of cryptocurrencies, however it isn’t likely to last much longer.
Times are changing from day to day, are you one the fortunate people who are able to continue in employment and work from home?
There are a variety of business structures available in Australia, and each can make a significant difference to your future.
For tax purposes, it is very important to know what category your cryptocurrency activity falls within.