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MMT Accountants + Advisers is a firm that prides itself in providing the highest level of professional service to its clients in all facets of their financial and business situations including financial reporting, accounting, taxation planning, auditing and superannuation. The firm’s success is based on seeing its clients succeed, grow and create wealth from their endeavours.
MMT Accountants + Advisers was established in 1980 at Caringbah and in 1985 relocated to Hurstville. As a result of firm growth and the successful integration of other accounting practices, MMT expanded to include an office in Sydney CBD and is considered a leading practice in the St George and Sutherland Shire Area.
If you have a digital coin, is it real? And if it’s real do you have to pay tax on it? According to the Australian Taxation Office (ATO), the answer depends on how you are using it and why.
The ATO recently released its position on the tax treatment of the virtual coin bitcoin and other virtual currencies - much to the chagrin of proponents. The ATO’s view is that bitcoin is not money or a foreign currency, and the supply of bitcoin is not a financial supply for GST purposes. However, bitcoin is a CGT asset.
So, what does all this mean?
The legislation to repeal the Minerals Resource Rent Tax passed the Senate earlier this month along with a series of concessions funded by the mining tax.
Many of the small business related measures were repealed without amendment. These include:
A surprise jump in fruit prices has helped drive consumer prices 0.5 per cent higher in the September quarter, but costs for electricity and petrol declined, keeping inflation in check.
The Australian sharemarket extended its recovery rally on Wednesday, hitting the ground running as European Central Bank stimulus talk fuelled investor confidence and ending higher for a seventh straight session.
A Sydney software company developing e-commerce tools for businesses is taking on Amazon by teaming up with the Chinese internet giant Alibaba.
With entrepreneurs like Paul Bassat and rich-listers like the Kahlbetzer family and James Packer actively backing rival, GoCatch, now is probably a good time for Cabcharge to get its investors behind it.
One of the region’s most senior fixed-income experts has underscored the divide between economists and the bond market by reasserting his call that the Reserve Bank of Australia may be forced to cut interest rates, even after the US Federal[…]
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