Tag: Ken Burk
Did someone say there are tax cuts coming?!?
1 July 2018 is the start date for the seven year income tax plan announced in the recent 2018-19 Federal Budget. But who gets the tax cuts from 1 July?
Proposed Research and Development Tax Incentive Changes
Unfortunately the aim to save $2.4B over 4 years has complicated the Research and Development Tax Incentive Scheme (R&DTI) for companies with a turnover over $20M & reduced the benefits for the majority of claimants.
Your business has been selected for an ATO audit!
These are the words nobody ever wanted to hear, but have you ever wondered how the ATO identifies who to audit?
WHAT IS SINGLE TOUCH PAYROLL AND DO YOU NEED TO DO ANYTHING?
Single Touch Payroll (STP) is the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO. If you have more than 20 employees then you need to do something before 1 July 2018 – Yes, this year!
Does it really matter if I pay super late – what is all the fuss about!?!
Have you been hearing scary stories about employers getting into trouble for not paying super for employees or paying a little bit late? Thinking it doesn’t apply to you and that it all works out in the end?
Do you use your car for work or in your business?
YES? … You should speak with us here at Paris Financial about claiming this in your Income Tax Return. But, be aware that the ATO have strict rules about what and how car use can be claimed.
Small business restructure roll-over concessions
What happens if you are in the wrong structure? Have you ever had a chat with a colleague or mate and thought “why aren’t I doing that” or “I wish I could change the way my business works”.
Great news for everyone running a small business!
The Small Business Entity threshold has increased to $10 million from 1 July 2016 onwards (became law on 19th May 2017). Previously the Small Business Entity threshold was $2 million. Basically, you are a Small Business Entity if you carry on a business and have an aggregated turnover of less than $10 million.
Are you paying more tax than you need to?
What can you do to reduce your tax and the tax paid by your business? The answer is quite a bit but it takes planning pre 30 June. Here are our top tips …
Tony Fiedler & team join Paris Financial
AP Business Advisory Services has joined the Paris Financial team. We extend a huge welcome to Tony Fiedler, Socheata Be and Deb Loughnane who are relocating to our Blackburn office.
Ken Burk: Welcome to Paris Financial
We would like to extend a huge welcome to Ken Burk who joined our Paris Financial team in November 2016. As a qualified CA, Ken has many years of experience, providing quality taxation advice to a wide range of small to medium sized business clients.