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Business income and expenses
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’.
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How’s your record keeping?
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record keeping) will help you.
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Structural Risks: What’s the Best Entity to Operate From?
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’
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Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed.
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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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U R the Bank | Episode #1 – Developing Family Wealth
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.
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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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3 things to consider if your Super balance falls
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.
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