Tax Implications of Cryptocurrency

Tax Implications of Cryptocurrency

Cryptocurrency is gaining popularity, and many people are unclear how or when they will be taxed. Despite widespread belief to the contrary, you are taxed on gains made due to obtaining or using cryptocurrency. If you’ve made a profit from trading in...
Naidoc Week 2021

Naidoc Week 2021

At Precision, celebrating our backgrounds, where we come from and what we believe are the foundations of our Award Winning, Diversity and Inclusion Program – We Are Precision. So this Naidoc Week it’s important we celebrate The Awabakal People, the...
What is the HomeBuilder Grant?

What is the HomeBuilder Grant?

On 29 November 2020, the Australian Government announced an extension to the HomeBuilder program to 31 March 2021, with a number of changes to the grant amount and eligibility criteria. Key Dates 4 June 2020 – 31 December 2020 – enter into a contract between these...
2020 End of Year Wrap

2020 End of Year Wrap

Congratulations everyone, we made it this far. Christmas and 2021 are just around the corner. Winston Churchill said “If you’re going through hell, keep going”, so by 2020 standards, even just making it this far is an achievement. Being born and...
JobKeeper and Data Matching

JobKeeper and Data Matching

It was only a matter of time before JobKeeper payments received data matching scrutiny between the ATO and Social Services. Notice was posted recently in the Commonwealth Gazette (C2020G00570) of a data matching program that is to be launched between the ATO and...
Instant Asset Write Off Extension

Instant Asset Write Off Extension

The boost to the instant asset write off rules, put in place to help stimulate the Australian economy during the COVID-19 crisis has been extended to the end of this year. Businesses with a turnover of up to $500 million a year will be allowed to continue writing off...