Spinell Group | Accounting, Financial Planning, Finance & Superannuation

Cashflow assistance as result of Coronavirus

We hope all our clients are feeling well and taking precautions as recommended by the Australian Government. We know many of our clients will be impacted in many ways by the Coronavirus situation. We provide this summary of the proposed assistance packages for your information. This includes all measures announced on 12th March 2020 and…

Important update on Spinell Group Pty Ltd’s response to COVID-19

TO ALL CLIENTS In light of the recent developments around the Coronavirus (or COVID-19) and the uncertainty we are all facing day to day, we felt it important to email you to assure you that we expect no major interruptions to the services that we provide to you. OUR CLOUD SYSTEMS MEAN YOU CAN ALWAYS…

Have you exchanged (sold) cryptocurrency for goods, cash or other cryptocurrencies? Under most circumstances, people are buying cryptocurrencies with a view to either trading them or as an investment, and as such these transactions are considered a disposal for the purposes of capital gains tax. The capital gain (or loss) must be including in your…

Financial Markets Update

In recent weeks global stock markets had been very close to record highs and for quite some time market volatility had been well below historical averages. Market corrections, however, are a normal part of investing and we have seen a significant correction over the last week or so. The U.S. equities market has fallen about…