Our Blog
Tax
Learn about the latest tax deduction changes for small business owners, including updates to car expenses, car limit, and home office deductions. Get expert tax help from the team at Paris Financial.
Small Business
The 120% skills and training, and technology costs deduction for small and medium business have passed Parliament. We’ll show you how to maximise your deductions.
Small Business
For employers, incorrectly calculating wages is not portrayed as a mistake, it’s “wage theft.” Beyond the reputational issues of getting it wrong, the Fair Work Commission backs it up with fines of $9,390 per breach for a corporation.
Tax
On July 1, 2023, notable changes included an increase in the Superannuation guarantee, higher minimum wages, updated work restrictions for visa holders, expanded benefits for small businesses and families, and adjustments to pension and tax reporting requirements.
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.
Small Business
This tax time, the ATO are introducing a super health check – 5 simple checks to help employees manage their super.
Small Business
Most employers have now moved over to Single Touch Payroll (STP) Phase 2 reporting. In fact, over 730,000 employers have started reporting STP Phase 2 information for over 10.8 million individuals!
Small Business
Post the pandemic, many workplaces have shifted from fully remote, to a combination of remote and in-office work. Many employers have provided employees with work-related items such as laptops and mobile phones. Providing these devices shouldn’t trigger an FBT liability as long they are primarily used for work purposes.
Small Business
The small business lodgment penalty amnesty program was announced on 9 May 2023. The amnesty allows you to bring your outstanding tax returns and business activity statements (BAS) up-to-date.
Lending & Finance
Don't settle for a lackluster home loan when you could be getting the best deal possible! While it's easy to just walk into your bank and accept their offer, you could be missing out on some major perks that come with using a mortgage broker as your personal loan consultant.
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.
Property
The Australian Taxation Office (ATO) has launched a full-on assault on rental property owners who incorrectly report income and expenses.
PropertySmall Business
A friend’s accountant suggested that they could reduce interest on non-deductible debt by using company cash to offset their personal mortgage, then transferring the cash back by 30 June. Is this an acceptable strategy?
Property
From 1 July 2023, access to the Government’s Home Guarantee Scheme will be expanded to joint applications from “friends, siblings, and other family members” and to those who have not owned a home for at least 10 years.
Strategic Financial Advice
When the news is filled with headlines about market movements, it’s normal to feel a bit anxious. Here are three things to keep in mind the next time share markets aren't behaving the way you'd like them to.
Strategic Financial Advice
A progress report on inflation: Inflation appears to have peaked, led by improvements in core goods prices and rate sensitive sectors like housing. The policy focus has shifted to labour market normalisation where early signs of progress are emerging.
Strategic Financial Advice
Many Australians were fortunate to lock in record low interest rates but this may be drawing to an end.
Strategic Financial Advice
Successful investing can be really difficult in times like now with immense uncertainty around inflation, interest rates, issues in global banks and recession risks impacting the outlook for investment markets.
Strategic Financial Advice
Investment markets were relatively calm in April, following a period of heightened volatility in March when banking failures in the US and Europe had shaken confidence.
Tax
Posting make-up tutorials to social media? Writing for a blog or streaming gaming for others to see? Congratulations, you’re a content creator!
Tax
Don’t let rising indexation on study and training loans catch you or your employees unaware. Earn that ‘World’s greatest boss’ mug by informing and advising your employees of the following key points.
SMSF
Having a self-managed super fund (SMSF) can be an attractive alternative for managing your super because you get to make the investment decisions. However, there are other things you need to consider.
Small Business
The Government has announced that it will enshrine a right to superannuation payments in the National Employment Standards (NES).
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.
