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Business
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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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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Digital Solutions to Bridge the Gaps in Your Business
As a small business owner, it’s important to keep your finger on the pulse with what’s new to ensure you’re keeping up with the competition and even getting ahead with the latest in all things business!
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Essential Record-Keeping At Year-End For Your Business
It may seem like the importance of record-keeping is overly stressed by us, but it’s a critical part of the wrap-up of the year-end.
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The In’s and Out’s of PAYG
We have many clients asking us, what is PAYG, why do I need to pay the ATO upfront and how does it affect a business? There’s no need to struggle to understand this system anymore, let’s break it down!
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The 120% deduction for skills training and technology costs
It’s a great headline isn’t it? Spend $100 and get a $120 tax deduction. Days after the Federal Budget announcement that businesses will be able to claim a 120% deduction for expenditure on training and technology costs, we started receiving marketing emails encouraging us to spend now to access the deduction.
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Why Is End Of Year Planning So Important?
Business planning is a key element to success. Businesses with a formal business plan perform far better than those that don’t, and with good reason. If you know where you want to get to, there is far more chance of getting there with a plan.
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