What's on the ATO hit list this financial year

What’s on this year’s ATO hit list?

- May 20, 2022 2 MIN READ

You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses;  rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »

What are NFTs

Are NFTs an investment?

- March 30, 2022 3 MIN READ

You might have noticed some buzz lately around something called Non-Fungible Tokens or NFTs. They are essentially a digital certificate of ownership for digital assets, such as images and video. For some, NFTs might be an entirely new concept, but they have actually been around since 2014. They have become more widely recognised recently thanks… Read more »

What is crypto mining
Your Money

What is crypto mining and how does it work?

- March 23, 2022 5 MIN READ

Crypto mining is how new units of digital currency are created. It’s complex and its very process can impact investors. As crypto continues to advance and more everyday Aussies are beginning to invest, the question arises; where do cryptocurrencies like Bitcoin actually come from? While it can be easy to think it’s just uploaded from… Read more »

NFTs are speculative and overblown

NFTs are an “overblown speculative bubble inflated by pop culture”

- January 14, 2022 4 MIN READ

Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens (NFTs), the blockchain-based means to claim unique ownership of easily copied digital assets, writes University of Canberra’s John Hawkins. The latest NFT mania involves fantastic amounts of money… Read more »

Cryptocurrency 101
Your Money

Cryptocurrency 101: Getting started

- May 24, 2021 4 MIN READ

What is cryptocurrency? Cryptocurrencies are digital currencies that are encrypted (secured) using encryption methods, also known as cryptography. Bitcoin was the first cryptocurrency, powered by a public ‘ledger’ that records and checks all transactions chronologically. This is known as the blockchain. The success of Bitcoin has led to the creation of a large number of… Read more »