The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between
June 2019 and June 2022, according to the latest ATO statistics.
While
cryptocurrency is a relatively small asset class at only 0.16% of the $837bn held in SMSFs, it is a growing asset class, larger than
collectibles and personal use assets, and overseas property.
Smaller funds, with an asset value below $200,000, are more likely to have a larger proportion of their value in cryptocurrency.
We'll dive into some of the everyday mistakes and tricky grouping issues that small businesses often encounter when dealing with payroll tax.
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