What Biden’s and Trump’s tax policies mean for Australian businesses

Credit: Jonathan Simcoe

Tax policy under a Biden presidency may facilitate more US investment into Australia than a Trump presidency, according to the United States Studies Centre. Biden has proposed raising the corporate tax rate from 21 per cent to 28 per cent, raising personal income tax for the top individual earners from 37 per cent to 39.6… Continue reading What Biden’s and Trump’s tax policies mean for Australian businesses

Accountants welcome business tax changes in the 2020-21 Budget

Credit: Kelly Sikkema

The business tax changes under the 2020-21 Budget have been met with positive feedback from professional accounting bodies and tax experts. Two of the key announcements under the Government’s business investment strategy are the immediate expensing and loss carry-back provisions for businesses with an annual turnover of up to $5 billion. Under immediate expensing, businesses… Continue reading Accountants welcome business tax changes in the 2020-21 Budget

Will we see more Australian businesses transact with cryptocurrency?

Credit: Andre Francois McKenzie

Cryptocurrencies have had a rocky road towards mainstream acceptance. In 2017, the CEO of JP Morgan, Jamie Dimon, called bitcoin “a fraud”. However in 2019, JP Morgan became the first US bank to successfully test its own digital coin.   The growth of digital currency has enthralled investors. Bitcoin, the world’s largest cryptocurrency by market… Continue reading Will we see more Australian businesses transact with cryptocurrency?