The Bottom Line Business Advisory

Where your business grows

The Bottom Line Business Advisory Pty. Ltd.
is a CPA Practice



The Australian Taxation Office (ATO) will acquire AUSTRAC transaction report information data from AUSTRAC for the period of 17 June 2021 through to 30 June 2027.
Approximately nine million individuals will be obtained each financial year. The data will be acquired and matched to ATO data to support the administration and enforcement of tax and superannuation laws.
As an Australian resident for tax purposes, you must declare income you earn anywhere in the world on your Australian tax return. This is known as your worldwide income. This includes any foreign income you may receive from:
· pensions and annuities
· business activities
· employment and personal services
· assets and investments
· capital gains on overseas assets.
Australian residents (for tax purposes) with a tax file number generally pay a lower rate of tax than foreign residents.

  • Featured Articles