News & Articles

Taxing Bitcoin

Taxing Bitcoin Cryptocurrencies, like Bitcoin, are independent and not regulated by any central authority. Until recently, these digital currencies were not treated in the same way as cash for tax purposes in Australia. New legislation passed by Parliament last month seeks to change all of that by removing GST from currency exchanges. How are cryptocurrencies taxed? Under GST law, a 10% GST applies to supplies of goods and services. Money receives special treatment because it’s a medium of exchange and not something for final private consumption. Up until recently, the Australian Taxation Office (ATO) took the view that cryptocurrencies did…
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Celebrating Live Life Week

Did you know this week is Live Life Week? CHG Integrated Wealth is holding Live Life Week, to remind Australians about the importance of financial planning and living life.
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Why do I do what I do? – James Harrison

I was recently away with my family for my son’s school sport.  I spent 4 days out of the office and it got me thinking, “why do I do what I do?” Most people think, “Oh you’re an accountant so you must love numbers” or “You must know a lot about tax law.” While I do enjoy numbers and how they can be used to help people run their businesses better, and I do have people who work for me who are absolute geniuses at tax law, neither are the reasons I do what I do. As I was driving…
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“We’re making changes to home loan rates” – Your Bank

Why has my bank sent me a letter advising a rate rise when the RBA has not lifted the cash rate? Why has my rate increased on the same day that my mates went down? Over recent weeks many of you would have received correspondence from your bank advising of a rate increase to your home loan. This is despite the fact that the last time the RBA moved the cash rate was a reduction in August 2016. So why are the banks increasing your interest rates? Regulation. The banks have made changes to manage demand in line with market…
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Eddie Harrison named Finalist in Better Business Awards 2017

CHG Integrated Wealth has been named as a finalist in QLD for the 2017 Better Business Awards. Now in its fourth year, the Better Business Awards is the mortgage and finance industry’s leading program for state-based performance – focused on mortgage brokers and the lenders and service providers that support them. The strong submissions from the finalists in the 2017 Better Business Awards, in partnership with The Adviser, are indicative of the high levels of professionalism and achievement across the Australian mortgage broking industry. The awards not only acknowledge the brokers who are leading the charge – those with the…

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