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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.

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U R the Bank Series
( Posted in: Tax )

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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Will Your Business Survive, Thrive and be Ever Alive?
( Posted in: Tax )

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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 FBT-free Electric Cars
( Posted in: Tax )

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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 How high will interest rates go?
( Posted in: Tax )

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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Can I claim my crypto losses?
( Posted in: Tax )

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. 

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 2022 Tax Checklists
( Posted in: Tax )

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.

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Tax & the family home
( Posted in: Tax )

What changed on 1 July?

A reminder of what changed on 1 July 2022 for businesses and individuals

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What changed on 1 July?
( Posted in: Tax )

Tax Time Targets

The ATO has flagged four priority areas this tax season where people are making mistakes.

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Tax Time Targets
( Posted in: Tax )

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!

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 ATO refocus on debt collection
( Posted in: Tax )

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.

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14 Tips for Tax Planning 2022
( Posted in: Tax )

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.

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Trust Planning This Year Needs To Be Done Carefully
( Posted in: Tax )

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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Digital Solutions to Bridge the Gaps in Your Business
( Posted in: Workshops & Seminars )

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.

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Can I claim a tax deduction for my gym membership?
( Posted in: Tax )

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.

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ATO ramps up heat on directors
( Posted in: Tax )

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?

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Is It The End For Trusts? | Corporate Trust Structure
( Posted in: Tax )

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.

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Fuel tax credit changes
( Posted in: Tax )

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.

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How much do I need in retirement?

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.

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New Opportunities to Grow Your Super from 1 July 2022

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.

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 Can Infrastructure protect from Inflation?

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.

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Is this the end of the Housing Boom?

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.

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Volatility Bites: How Retirees can Manage Jumpy Markets

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.

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Investment Market Outlook: Volatility Rises, Value Emerges

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.

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Economic update and market overview

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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Essential Record-Keeping At Year-End For Your Business
( Posted in: Tax )