Author: Pat Mannix

Cryptocurrency, Small Business Tax, Tax Champion

Cryptocurrency Tax 2021 | What are the ATO Targeting this Year? | Cryptotax with Andrew Bragg

The ATO is targeting the cryptocurrency investors and traders in their 2021 tax. Pat chats about the Cryptotax Number One tax advisor Andrew Bragg and the most recent news for those with cryptocurrencies. Check out this video for more!

Read more

For What It's Worth, Small Business Tax, Tax Champion

The ATO Have an Eye on Deductions Claimed in the 2021 Tax | What you Need to be Aware of

What are the ATO looking at in the 2021 tax returns? They are chasing cryptocurrency investors and traders; they are also looking at the deductions claimed on individual tax returns including car expenses and home office expenses. Check out this informative video from Pat Mannix, Partner at Paris Financial for more!

Read more

For What It's Worth, Small Business Tax, Tax Champion

Melbourne Lockdown 4.0 Government Grants. What Benefits Could You Be Entitled To?

Welcome back to the tax champions! In this video, Pat Mannix of Paris Financial chats about the good and the bad oil of what’s happening in our state right now, and what grants you could be entitled to!

Read more

Small Business Tax, Small Business Tax Advice, Tax Champion

Superannuation Update – SGC is increasing to 10% on 1 July 2021

When the compulsory SG contribution payments are increased to 10%, you will need to alter your payroll systems to pay the new increased rate to your eligible employees.

Read more
Untitled Design (16)
Tax

From the Trenches Podcast: Pat Mannix chats about Trusts, SMSF’s & the comparison of service between Cotchy Vs Xero

Like most accountants, Pat Mannix is passionate about what matters to his business, and his clients.
In this ‘From the Trenches’ podcast, he chats about: the benefits of Family Trusts, accountants advising on SMSF’s and the service clients get.

Read more

Small Business Tax, Tax Champion

Trading Company Structure – Advantages & Disadvantages

Are you thinking about setting up a Company Structure? Let’s look at the pros & cons to consider when establishing a Trading Company Structure and the tax benefits associated.

Read more

For What It's Worth, Small Business Tax, Small Business Tax Advice, Tax Champion

2021 Annual Federal Budget Tax Changes

Budget 2021 – There’s something for everyone! Big Cash Flow for Business Investments in Assets, Reduced Company Tax Rate, Low Income Offset to Continue, Residency Rules more objective, Positive Superannuation Changes and more! Pat Mannix of Paris Financial chats about what you need to know from the 2021 Budget.

Read more
Pm Business Bustup
Small Business

Business Bust-up

One thing that is nearly as awful as getting divorced from your spouse, is to go through a toxic business break up. There are a number of key reasons that cause business separations which arise time and again.

Read more

Small Business Tax Advice, Tax Champion

Partnership Structure – Advantages & Disadvantages

Are you thinking about starting a Partnership?
Let’s look at the advantages and disadvantages to consider when setting up a Partnership Structure and the tax benefits associated. Having a Partnership Structure has its benefits, but how do you know when it’s time to move to a different business structure?

Read more
Insolvencies Rise By 61% In February. Pat
Small Business

Insolvencies rise by 61% in February

External administrations increased by 61 per cent over the last month, stirring fears that more businesses will need to close their doors once JobKeeper expires at the end of the month.

Read more

Small Business Tax, Small Business Tax Advice, Tax Champion

Sole Trader Structure

Are you thinking about becoming a sole trader? Want to know the advantages & disadvantages of setting up as a sole trader structure?

Being a sole trader has its benefits, but how do you know when its time to move to a different business structure? If you’re operating as a sole trader you need to be aware of ‘unlimited liability’ and how that effects you.

Read more
Untitled Design (1)
Small Business

Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

Read more