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Strategic Financial Advice
When you’re still employed and earning a salary, there’s money coming in you can rely on. In retirement, in the absence of a regular salary you’ll need to find a new way to secure enough income to cover your living costs.
Strategic Financial Advice
Unlike in other regions, inflation still appears to be accelerating in Australia. Headline inflation rose at an annual rate of 7.8% in the December quarter, while the ‘trimmed mean’, the favoured measure among Reserve Bank of Australia officials, quickened to 6.9% year on year. This was the highest level since the series was introduced in 2003.
Strategic Financial Advice
Many women retire with less super than men, resulting in lower living standards and higher risk of running out of savings. They can close this gap by checking their balance, investing wisely, and making extra contributions. By taking charge of their finances, women can secure a more prosperous retirement.
Strategic Financial Advice
Building your wealth for the long term starts with a sound investment strategy; but with so many options outside your superannuation fund, from bonds to managed funds, where should you begin?
Small Business
As a small business owner, it is possible that you may have recently received a grant to support your business during difficult times.
Small Business
It is important to determine whether a new worker is classified as an employee or a contractor, as it affects tax, superannuation, and other obligations such as workers compensation insurance, as well as the worker's entitlements.
Tax
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
Tax
As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.
Small Business
When did you last check your details on the Australian Business Register? If you're not sure, it's time to check your details are up to date.
Small Business Tax Advice
Welcome to Paris Financial's series ' U R the bank'. In this episode, Pat Mannix will chat about Protecting Family Assets.
Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
Small Business
If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you can request deferral on your lodgment due date. If you need help, contact the ATO to discuss your circumstances.
Small Business
The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!
Small BusinessUncategorized
When you employ new staff and offer them a choice of super fund, it's possible that they won’t choose one. If this happens, you will need to request the employee’s stapled super fund from the ATO in order to meet your choice of fund obligations.
Tax
If you're running a business, most income you receive is assessable for income tax purposes. The total amount is referred to as 'assessable income'.
Small BusinessTax
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record keeping) will help you.
Small Business Tax Advice
Structural Risks: What’s the Best Entity to Operate From? | Special Guest Pat Mannix of Joins Alex & David on: 'A Lawyer and a Financial Advisor Walk into a Bar'
Tax
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed.
Small Business
With summer just around the corner, you may be planning a party or a day on the green with your employees. Before you fire up the BBQ, make sure you consider the fringe benefits tax (FBT) implications of your celebration.
Small Business Tax Advice
Welcome to Paris Financials' series ' U R the bank'. In this episode, Pat Mannix will chat about Developing Family Wealth.
Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect everything.
Small Business
Any business can make a loss. You generally make a tax loss when the total deductions you can claim for an income year exceed the total of your income for the year. Your income includes both assessable and net exempt income.
Strategic Financial Advice
From time to time, market movements may cause your super balance to fall. While this can be alarming, you'll find that it usually recovers in due course.
Strategic Financial Advice
The impacts of interest rate hikes on consumers are well known; higher interest means that mortgage debt servicing costs will go up which is negative for consumer spending.
Strategic Financial Advice
It’s natural to feel nervous when markets fall. News about inflation and rising interest rates may prompt you to make an emotional investment decision.
Strategic Financial Advice
Pleasingly, global share markets fared well in October and recovered most of their lost ground from September. Locally, the S&P/ASX 200 Index re- turned 6.0%.
