Видео

Can i re request a TFN form from my employer and tick the tax free threshold and will i be refunded for all my tax ? cheers bro

okay i was able to connect Koinly and Coinledger to my CEX and wallets. Does Crypto tax allow me to connect to make sure everything comes through to try before i buy?

guess we making crypto tax videos again 🤣

Really insightful video, thanks Ethan!

I have a decks called solo. DEX doesn’t seem to have an integration with any of these software’s. What’s the best way to start tracking my call basis for taxes or is there a way to enter these transactions manually?

on your topic about capital gains tax at around 6:05, does this apply to people like me who rent their apartments and only post youtube gaming content? It was to my understanding that since I dont own that property and Im just renting out means you dont have to deal with this. Are you able to confirm this?

What does it mean by 12 week period? Can I keep and claim record of the full financial year like 12 months?

Thanks' helps

So what's your fav crypto of the moment and are you all in given you probably have the A+ structure in place Sensei

Do you want me to cover anything else when it comes to Crypto Taxes?

Great tips! If I were to DCA every month, do you have any tips or recommendation of tools to keep track of which portions of the investment to sell to minimise the capital gain tax?

Structuring is a good topic!

🙏🙏🙏🙏🙏

Also move to a crypto friendly country 😅

helpful 👍🏻

I think that our generation has been completely screwed over by rich older generations. It’s one of the reasons our birth rate is declining. Young people can’t afford houses and the cost of living is making the prospect of having kids less appealing. Any boost to young people in my eyes is only going to be good for the nation in the long run as it will mean more educated smart people will be willing to have kids.

Great video Ethan.. Question about superannuation. If I'm a sole trader with no other income and decide to pay myself $25k super. Does this come from my profit (on which I pay tax), which I can then claim as a deduction?

Very informative video, I am still a bit confused about the crypto to crypto swap. So in the example, swapping Bitcoin for Ethereum, the capital gain was 10K. So even though I did not get any money, do I still have to pay tax on that 10k. Or the 50k is the new base cost and I pay tax after I actually sell the Ethereum ?

This is brilliant mate. I was on the verge for paying an accountant for this advice. If my business is successful. I'll buy you a beer.

What are your thoughts on these changes?

what happens to the people that made a voluntary repayment of a portion of the HECS debt back when the indexation was at 7.1%. Say paying off a third of the HECS debt, but still having the other 2/3 left.

Education shoud be free anyway

🙏🙏🙏🙏🙏

Hey there. Im relatively new to AU and got hit with this tax I had never heard of to the tune of nearly 20k. So thats super annoying. Everything i can find suggests im better to just pay the bill than use the super. Any thoughts. All the contributions were from income if that makes a difference.

G'day mate how you going, do you have a video on sole trader and gst? Cheers

hey so Im wondering...is paying yourself just a matter of...sending payment from one bank account to another? or do you need some sort of papers for this?

i'm thinking about renting out my ppor and rentvesting . PPOR is in my name so the income that would be produced by the property would go on top of my wage . thinking my wife should be on the title to split the rent ? i was told by broker that renting out ppor would decrease borrowing power but not sure how this would be when it adds more income. thanks chris

Hey bro, bull run season again. I’m gonna throw a really specific outlandish scenario here but let’s do it. If I put in 10k into a random meme coin and it 1000x and now I have 10 mil, how am I taxed on that? Now what if I exchange that 10mil to like DAI for example which is just a stable coin and I hold that for a year will my tax be halved now? If you could run w the example and give me some numbers for that like net income, amount taxed etc. that’d be a big help man

Is this spreadsheet a template for excel or google sheets? Great video by the way will be starting reselling soon and am searching for a good spreadsheet accounting system to keep track of it all.

Is this possible for the 2024-2025 tax year ? Thanks

Have you turned a Side Hustle into a Business?

Thank you sharing your knowledge with us and for sharing your link. I think a good indicator to consider that it is time to turn your side hustle into a business is when people are interested in your services or products and its taking up a lot of your spare time whilst you are not working your 9-5 job :)

🙏🙏🙏🙏🙏⭐️⭐️⭐️⭐️⭐️

Thanks for this vlog

What about those for HECS what’s best?

Love this video. You are so correct. Get the basics down and I think you'll be on the right track in business success🎉

Ethan, is great. Simplified explanations. On the money advice. Great clarification between in establishing a sol trader, company and trustee.

So what if you have a killer year one year, best bu far as a result of good fortune and luck, and decide to wind back a good amount the following year and take it easy and enjoy more time at home? You have to pay a monster tax bill in advance while earning far less? Is this rubbish compulsory?

Really great explanation Ethan. When you make the non-concessional bring forward contribution (in my case $330k) - are there forms to be completed with the super fund? Assuming also that if you add the $330,000 before June 30, you can then add another $110k from July 1 - making it $440k in a very short time.

Sorry I am stupid but if I withdrawal 50k when I do my tax return what do I link to because we ain't that business bank account b empty

Is it ok to scan and print receipts that will fade over time, or do you need to physically keep the original when presenting to my tax agent?

Wish I watched this 10 years ago…

I just lodge it prefilled and all bc idk how to do any of that its too much responsibility😩 and i dont have time for it since im working day to day week after week☠️

Hi mate, do you have a video on more specifically a plumber or sparkie setting up a sole trader vs small business working for yourself, out of your home with a ute and tools and whats more beneficial for tax benefits

If the company is just set up then it pay dividends to shareholder or it can only pay dividends after doing 1st year tax return? Could you plz explain?

no it is useless. Negative gearing is supposed to encourage investment in the building of properties. well, the fact is the supply of properties has not grown one jot. all it has done has made investors happier to pay more for established properties and make a roof over people's head more and more unaffordable. get rid of it quick

Is my trading using Metamask taxable?

Hi Ethan. Just started Day trading forex on the side of full time employment do I need to register for an ABN or do I only need it if I make over $75,000? I'd be classed as a trader as my trades last a few hours to a week. Keep up the good work enjoying the content