Categories
Latest News
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.
... read more
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.
... read more
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.
... read more
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.
... read more
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?
... read more
2022 Tax Checklists
We have taken the time to prepare comprehensive Tax Checklists, designed to guide you in providing all the correct and relevant information to maximise your tax return.
... read more
Tax & the family home
Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.
... read more
What changed on 1 July?
A reminder of what changed on 1 July 2022 for businesses and individuals
... read more
Tax Time Targets
The ATO has flagged four priority areas this tax season where people are making mistakes.
... read more
ATO refocus on debt collection
The ATO has not pursued many business tax debts during the pandemic and allowed tax refunds to flow through even if the business had a tax debt. That position has now changed!
... read more
14 Tips for Tax Planning 2022
The end of financial year is fast approaching, which means it’s time to start thinking about your tax! We have 14 tax saving tips to help you prepare and manage your Business’ financial accounts throughout the year.
... read more
Trust Planning This Year Needs To Be Done Carefully
In order to prepare your trust for the end of the financial year, there are multiple obligations that you need to fulfil as a trustee. Planning for your trust’s future is just as important as tax planning or business planning, so it’s encouraged that you take an active role.
... read more
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!
... read more
Can I claim a tax deduction for my gym membership?
There are lots of reasons to keep fit but very few of them have to do with how we earn our income. As a result, a tax deduction for a gym membership isn’t available to most people.
... read more
ATO ramps up heat on directors
Recently, the ATO sent letters to directors who are potentially in breach of their obligations to ensure that the company they represent has met its PAYG withholding, superannuation guarantee charge, or GST obligations. These letters are a warning shot and should not be ignored.
... read more
Is It The End For Trusts? | Corporate Trust Structure
Is it the end for Trusts? It been said that the death of trusts happened in February 2022 with the law on company beneficiaries, but is it really true or is that an exaggeration?
... read more
Fuel tax credit changes
The Government temporarily halved the excise and excise equivalent customs duty rates for petrol, diesel and all other petroleum-based products (except aviation fuels) for 6 months from 30 March 2022 until 28 September 2022.
... read more
How much do I need in retirement?
How much you need to save for a comfortable retirement is a question many of us ask. While we all hope for a simple answer, how much money you need in retirement differs for everyone.
... read more
New Opportunities to Grow Your Super from 1 July 2022
Both older and younger Australians, as well as low-income earners, are set to benefit from some upcoming super opportunities.
... read more
Can Infrastructure protect from Inflation?
It’s an important question as prices rise around the world fuelled by soaring energy and commodity costs, supply chain constraints and a geopolitical retreat from globalisation.
... read more
Is this the end of the Housing Boom?
Clearly the growth rates in the Australian housing market, particularly in Sydney and Melbourne, peaked some time ago – March last year. But prices have mostly been still rising, albeit at a slower pace.
... read more
Volatility Bites: How Retirees can Manage Jumpy Markets
The 2020 COVID-19 share sell off and recent equity market volatility shows just how quickly share prices can move.
... read more
Investment Market Outlook: Volatility Rises, Value Emerges
With war in Eastern Europe, inflation surging and Covid lockdowns inhibiting industrial production in parts of China, investment markets faced a rising tide of volatility over the past quarter.
... read more
Economic update and market overview
Inflationary forces continued to intensify in key regions, which suggested interest rates could be raised more quickly and more aggressively than previously anticipated.
... read more
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.
... read more