Accounting and Tax
We don’t just tick all the tax & compliance boxes and send you on your way. We look for ways to maximise your refund at the same time as helping you understand your obligations.We are the Accountants that prepare you for growth, protect your assets and empower a future you deserve.
Tax Return
Tax time is stressful for everyone. Receipts, invoices and paperwork is what people have in mind when they begin, and by the end they are over it! We can take the stress out of this annual event, all while putting a plan in place to minimise your tax.
If you have spent time overseas, have your own business, or an employee, own investments like property or crypto, no matter what your background we can help you out. Book a consultation with William Nguyen and Partners today.
Cryptocurrency Tax
NFT (non-fungible tokens), Bitcoin, Ethereum, Polygon, Litecoin, Cordano or Solana are some well known Cryptocurrencies. Whatever digital asset you are invested in or hold you need to know how it is taxed. Over the last decade Cryptocurrency has gained credibility and eligibility as a currency and asset. With this legitimacy comes tax implications.
The Australian Tax Office (ATO) does not classify Crypto as currency as such, in most cases it is viewed as ‘property’ which CGT applies. In Australia, If you are an investor or a holder of Cryptocurrency you need to prepare yourself and understand how tax applies.
Capital Gains Tax Planning
A Capital Gain is defined as profits that are made from buying and selling assets, these can be shares, commodities or property. Every time you buy or sell capital gains considerations come into the picture. There are many methods and strategies that could earn you more or save you on Capital Gains Tax.
William Nguyen and Partners understand the ins and outs of Capital Gains Tax (CGT) no matter what assets you hold, have bought or sold. If you are an individual with both local and offshore assets, including income generated from different assets such as real estate, shares, cryptocurrency, and exotic assets there may be certain CGT implications that you may not be aware of. Why not optimise and get the best out of your assets? Contact our CGT Consultants today at William Nguyen and Partners.