Monthly update, June 2021

The tax treatment of cryptocurrency

Bitcoin and cryptocurrencies have had a bit of a resurgence, which may even have something to do with the pandemic. But the implications for your tax outcomes is something even the ATO is wary about.

We also look at “personal services income” and the ATO’s refreshed guidance, the qualifications that are expected for SMSF trustees, and how to best go about briefing your barrister if you or your business need to face court.

This issue reflects the law when it was published. Tax and super rules change often, so please call us before acting on anything in it.