Pat Mannix Archive
TaxUncategorized
If you operate a trust, it's important to know exactly what kind of trust it is. This helps you report your trust details correctly when you lodge your tax return.
Tax
The explosion of TikTokers and YouTubers has opened doors for content creators to profit from the audiences they attract. But now the Tax Office has given notice to the booming industry.
For What It's WorthTax Champion
Are you up to date with all of the latest news from the Federal Budget released on 9th May 2023? Check out the below informative short video with the hot topics for small businesses, superannuation, multi-national companies and everyday Aussies.
Small BusinessTax
Letters are being sent by the ATO to directors of companies with overdue debts, cautioning that non-payment or lack of communication may lead to a director penalty notice (DPN) being issued.
Small Business
In a pre-Budget announcement, the Government has committed to a Small Business Energy Incentive Scheme that offers a bonus tax deduction of up to $20,000.
Small BusinessTax
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it's likely that you would have claimed a depreciation expense.
Small Business Tax Advice
TFE, is due to finish on 30th June 2023! Find out more about Temporary Full Expensing in this short video where Pat Mannix explains the in's and out's for eligible businesses.
Tax
In a very quick turnaround from announcement to draft legislation, Treasury has released the exposure draft legislation for consultation to enact the Government’s intention to impose a 30% tax on future superannuation fund earnings where the member’s total superannuation balance is above $3m.
Tax
From 1 July 2023, a new reporting regime will require platforms that enable taxi services including ride sourcing, and short-term accommodation to report their transactions to the ATO each year. From 1 July 2024, the regime will expand to include all other platforms.
Small Business Tax AdviceTax Champion
Welcome to Paris Financial's series: ' U R the bank'. In this episode, Pat Mannix will chat about Tax Effectiveness. Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
Tax
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions - changing the goal posts for trusts distributing to adult children, corporate beneficiaries, and entities with losses.
Tax
Not being paranoid or anything but we were curious about the skills of the latest innovation to take the world by storm, ChatGPT, and its ability to work with the Australian tax system.
