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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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 Made a business or non-commercial loss?
( Posted in: Tax )

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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2022-23 October Federal Budget | Winners & Losers
( Posted in: Tax )

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 )