Author: Paris Financial

Property

The tax implications of subdividing your backyard

Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision.

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SMSF

Growing Businesses – increase your super and save tax

Retirement and superannuation are always a topic of conversation for our small business clients. Paris Financial are pro-active in our approach with our small business owners and through discussion and planning we can advise our clients on how they can utilise the small business “retirement exemption” to make up to $500,000 in additional superannuation contributions and also save on tax.

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Strategic Financial Advice

Six investments & ideas to beat the banks!

The Reserve Bank is joining the global race to record low interest rates, current cash rate is 1.50%. However rates are currently 0.5% in the US and negative interest rates in Japan! These are strange investing times, and our clients are continually seeking a better return on their investment funds.

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Community

beyondblue

Paris Financial is proud to support beyondblue who is our charity for the month of September!

 

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Lending & Finance

Smart tips for paying off your home loan sooner

Wondering how to pay off your home loan sooner? We look at some things you could do. Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever.

 

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Tax

Managing your debtors

Do you have a lot of debtors over 90 days? We recommend you work to minimize the debtors you have over 30 days, so that it becomes a very small percentage.

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Property

Get your tax money now

The majority of property investors look forward to tax time, gathering their information together as quickly as possible so they can get in to see their accountant and receive their tax refunds from their negatively geared properties, but what if I told you that you didn’t need to wait until tax time to get this money?

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Living Estate Planning

Do you have your Estate Planning up-to-date?

Long gone are the days of preparing a will and locking it away in the safe or bottom drawer! Whether it be at the completion of this years’ tax return, or when you change the batteries in the smoke detector, every year you should dust off your estate plan and update it for the inevitable changes that most likely will be needed.

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Tax

Trusts – You Must have a Corporate Trustee

he last 3 decades have seen a substantial growth in the number of people in Australia establishing trusts. The benefits of such an arrangement have been largely touted by professionals around 2 areas – asset protection and tax benefits.

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Living Estate Planning

Estate Planning Back in Focus

New legislation is being developed to give Victorians greater control over what medical treatment they receive in the future. Some of the key changes that have been proposed include;

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Lending & Finance

Cash rate reduced to historical low of 1.5%

Earlier this afternoon the RBA reduced the cash rate to a new all-time historical low of 1.50 per cent.

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Tax

Asset Protection Strategy – Gift & Loan Back

Asset protection strategies for our clients are a very big issue. At Paris Financial we lead the way in structuring our clients for asset protection and tax effectiveness. Many business owners and high wealth clients benefit from the structures we put in place for them, providing protection for their assets and ensuring substantial tax savings over the long term.

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