The steps for forming a company are listed below. It can be confusing, so you should see an Accounting Services who can explain everything to you and point you in the direction of what will be most beneficial for you. Choose a name for the business Any name you choose for the business can be…
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Tax on Bitcoin and Cryptocurrency
It’s undeniable that the quick rise of bitcoin and other cryptocurrencies has made them a well-liked investment option in recent years. Due to its fast rise, it has been able to make and lose huge amounts of money in surprisingly short periods of time, attracting many inexperienced investors. You should be aware of the Tax…
Salary Sacrifice Explained
Salary sacrifice is a method of lowering the amount of tax you pay. It entails utilising pre-tax earnings to purchase items or services that one would typically purchase with after-tax earnings. BluCity Tax is a vibrant, well-established Tax and Accounting firm that specialises in accounting and taxes advice for affluent Australians. Because earning less in…
What Is Better Real Estate or Stocks
Real estate investing Traditional real estate investments are divided into two categories: residential properties (house, rental properties, or flipping homes to buy and resell for a profit) and commercial assets (apartment blocks, complexes, shops and office buildings). The benefits Real estate investing is simple to grasp. While the home-buying process might be confusing, the fundamentals…
Setting up a family Trust
Are you considering establishing a family trust in Australia but are unsure of where to begin? Believe us when we say that we are aware of how challenging it can be, which is why we have compiled all the information you require to guide you through the procedure. Before making any decisions about creating a…
Capital Gains Tax on share sales
Many investors incur the inescapable expense of capital gains tax during their investment journey. You must pay capital gains tax (CGT) to the Australian Taxation Office if you sell investments for a capital gain, whether you own shares or real estate (ATO). The amount of tax you must pay in a given year can be…