We know that 2024 has been a difficult year, and we know there’s much more to do, but together Australians have made some progress in our economy as well. Here are some of the highlights. #auspol

No, you don’t know, because YOU haven’t personally felt it. GFY.

Tough. You dont know what that means. 7 quarters of negative growth. WE ARE IN A RECESSION, and you have no idea what to do.

The IRS has rolled out new regulations for crypto tax: Rev. Proc. 2024-28 In other words, if you hold crypto, it’s time to pay attention. Here’s what you need to know. 👇 If you've historically used the Universal cost basis tracking method, it's time to prepare for a change. Starting January 1, 2025, the Per-Wallet cost basis tracking method will be the only accepted approach. Why does this matter? 🔹 There are only two accepted methods of transitioning from Universal to Per-Wallet tracking. 🔹 Keeping detailed, wallet-specific records is now crucial for filing accurate taxes. 🔹 Reporting incorrectly could result in penalties, so getting this right is important. What you need to do 👇 CoinTracker provides an automated solution for users to transition from Universal cost basis tracking to Per-Wallet tracking. To get started, simply navigate to your tax settings and set your Tax Lot Allocation Method before end of year. Starting January 1, 2025, you will have the option to automatically transition your universal tax lots to specific wallets based on the Tax Lot Allocation Method you selected. By selecting your Tax Lot Allocation Method before January 1, 2025, and migrating your tax lots from Universal tracking to Per-Wallet tracking before filing your 2025 taxes in 2026, you may qualify for safe harbor protection on your tax lot allocations. When do these changes take place? The new tracking requirements apply to tax years beginning after December 31, 2024. This means the changes will affect your tax filings starting with the 2025 tax year. Taxpayers are encouraged to begin adjusting their record-keeping practices now to ensure compliance when the new rules take effect. We will continue to closely monitor and update you regarding any new changes to US crypto tax regulations that may impact your account. How CoinTracker helps: We automatically track your crypto transactions across wallets and exchanges, helping you stay compliant while making the process as smooth as possible. 🧘 Tax rules may change, but staying organized doesn’t have to be a headache.

you forgot to mention this little treasure. You did this yes YOU. Not Ukraine, Trump, Russia, Global headwinds. YOU.

11,000 businesses went bust under Labor, that’s a record for Australia. That’s anywhere between 11,000 and 200,000 families suffering financially, all because of you Jim Now you gave the audacity to pretend this is progress. What are you progressing towards? A full socialist takeover of this once incredible country? Labor/Teals/Greens:

Jim Chalmers, as Treasurer for the Labor government, has steered Australia into a financial quagmire with what critics argue is reckless spending. Despite claims of fiscal responsibility, the budget under Chalmers has seen significant increases in government expenditure, which some argue is fueling inflation and eroding economic stability. Rather than acknowledging this overspending, there's a noticeable trend where Labor tends to deflect criticism by blaming the previous Liberal National Party (LNP) government. This strategy seems to sidestep accountability for current economic policies, particularly when it comes to managing the national debt and inflation. Critics point out that while Chalmers celebrates budget surpluses, these are often attributed more to high commodity prices and revenue windfalls than to strategic fiscal management. The real test, they argue, is in how the government manages during downturns or when those revenue streams dry up. Moreover, despite warnings from economic bodies like the RBA and the IMF about the implications of excessive spending, the government appears to continue its spending trajectory, potentially setting the stage for long-term economic challenges. This approach not only undermines public trust but also raises questions about the long-term sustainability of such fiscal policies. The narrative that the LNP is solely responsible for the current financial state is seen by many as a convenient excuse rather than a reflection of the current government's economic stewardship.

Did you know that your government will be the only one term government since 1932? Also, during your break, please reflect on all the lies you've told since being elected. It's no wonder everybody calls you, Dodgy Jim. Labor. Worse than Whitlam.

No one believes your lies anymore. You can stand all day and say "the economy is in much better shape" but when I go to a supermarket and pay 30% more for the same things I bought a year ago, I, and everyone, knows you are lying. Resign and tell @AlboMP to call elections now.

Here’s one of your many low lights. Anyone who drives a diesel vehicle knows the pain of filling up these days, with diesel prices averaging $2.22 per litre across most of Australia's major capital cities. Diesel prices started 2022 at about $1.61 per litre and have risen exponentially throughout the year. Well done Gomer