Tax Store Eastwood

Let's talk about Cryptocurrency!!

A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions.

According to CoinMarketCap.com, there are more than 10,000 different cryptocurrencies traded publicly. Bitcoin, Ethereum, Tether, and Binance are the most popular trading cryptocurrencies by market capitalisation.

You must be aware of your tax obligations if you buy, sell, or invest in cryptocurrencies. For capital gains tax purposes, you must declare the sale of cryptocurrency.

You must maintain track of all transactions involving the purchase, holding, and selling of cryptocurrencies. After you sell a cryptocurrency, you must preserve records for five years.

If you require tax assistance, visit https://taxstore.com.au/contact/ to locate your local Tax Store.

Women have to balance their home with their business to get success in life and you have done it so well. You are the strength, you are the inspiration, you are the power, you are the guidance.

Wishing all women, especially our female Tax Store Partners, a wonderful International Women’s Day today..

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