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Entertaining your employees?
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.
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Made a business or non-commercial loss?
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.
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2022-23 October Federal Budget | Winners & Losers
Federal Budget October 2022 overview: This budget appeals to families, patients accessing medicines, renters and home buyers, and those in vocational training.
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U R the Bank Series
Pat Mannix is launching a new series called U R the bank! Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect your assets.
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Will Your Business Survive, Thrive and be Ever Alive?
If there’s one thing that Pat Mannix of Paris Financial has realised in his 30 years of dealing with small business, in particular growing small businesses is that it takes a long time to survive and thrive in business.
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FBT-free Electric Cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.
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How high will interest rates go?
The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that to come.
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Can I claim my crypto losses?
The ATO has released updated information on claiming cryptocurrency losses and gains in your tax return. Are you eligible to access the 50% Capital Gains Tax (CGT) discount and halve the tax you pay?
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