You have heard them all before but now is the time to act.

Currently, the Australian Taxation Office is owed a record $55 billion in unpaid taxes, mostly by small business owners, with the rest being owed by private and wealthy groups and individuals.

Being a new asset and intangible, the taxation of gains made on cryptocurrency’s have tested traditional taxation theory.

Josh Frydenberg delivered the Budget for 2022-23. With it came some announcements.