Our Blog
Small Business
Your focus may be on your guests, but don't forget to book in regular time for your business obligations. It's important to keep your super guarantee (SG) obligations in check.
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.
Lending & Finance
The RBA is back with a cash rate rise of 25 basis points, taking the current rate to 3.85%. Strong jobs and inflation data means there is more work to be done to control price rises, further rate increases haven't been ruled out.
Tax
Employers report their pay as you go (PAYG) withholding information to the ATO each time they pay their employees using Single Touch Payroll (STP).
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
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right?
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
Super guarantee (SG) contributions for the March quarter are due by 28 April. Remember, the ATO only consider an employee's super contribution as 'paid' on the date it's received by the super fund.
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
Earn-out clauses for the sale of a business are increasingly common. We look at the positives and negatives that every business owner should consider.
Tax
Just in time for the Fringe Benefits Tax (FBT) year that started on 1 April, the Australian Taxation Office (ATO) has released new details on electric vehicles.
Small Business
If you’ve provided fringe benefits to your employees or their associates between 1 April 2022 and 31 March 2023, it’s now time to lodge and pay your 2023 fringe benefits tax (FBT) returns.
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.
Small Business
In a volatile market, keeping to a strategy, or let’s face it creating one, can be tough.
Property
The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise claims.
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.
Tax
A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget.
Tax
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
Tax
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
Property
Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs.
Small Business Tax AdviceTax Champion
Welcome to Paris Financial's series: ' U R the bank'. In this episode, Pat Mannix will chat about Reducing Business Risk. Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
