View a selection of articles and blog posts by Trak Accounting.
Directors are now required to register for a unique identification number that they will keep for life.
Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these digital currencies were not treated in the same way as cash for tax purposes in Australia.
In late February 2022, the ATO released tax policy changes that would stop the usual trust distributions to family members. This is one of the most important developments in trust taxation in over 20 years.