Posts Categorized: Taxes

Cryptocurrency – what are the tax implications?

Given the ATO is holding a magnifying glass over Cryptocurrency for tax returns in 2020-2021, Louise Cottee, client director at BridgePoint Group, provides a rundown on Crypto from a compliance perspective.  According to a recent NEWS Corp article, one in four Australians will have invested in crypto currency this year….

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Are you looking for SME wins in the NSW 2021/22 Budget?

Announcing the NSW 2021/22 Budget, Treasurer Dominic Perrottet was cock-a-hoop as he spoke about how well the local economy had performed in the past year. “Our economic rebound has certainly been stronger than predicted”, the Treasurer said. Whilst predicting an $8.6 billion deficit for the year ahead, he was sufficiently…

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JobKeeper 2.0 – Your Two Minute Explainer

It’s round two for JobKeeper. Key changes outlined below.  Bridgepoint Group provides a quick look at the new requirements JobKeeper program. Everything in place now remains until 27 September 2020. From 28 September, employers will need to prove a decline in turnover to claim JobKeeper.  The reassessing eligibility refers to…

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Moreton Resources wins R&D Tax Incentive case

Could this assist your R&D Tax Incentive claim? Last month, the Full Federal Court in the Moreton Resources Ltd v Innovation and Science Australia [2019] FCAFC 120 handed down a decision that could prove critical to R&D Tax Incentive claimants around the country, irrespective of the industry in which they…

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