Business

Classifying a new worker

It is important to determine whether a new worker is classified as an employee or a contractor, as it affects tax, superannuation, and other obligations such as workers compensation insurance, as well as the worker’s entitlements.

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 Classifying a new worker
( Posted in: Tax )

Five New Year’s Tax Resolutions

Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!

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 Five New Year’s Tax Resolutions
( Posted in: Tax )

Refresh your ABN details

When did you last check your details on the Australian Business Register? If you’re not sure, it’s time to check your details are up to date.

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 Refresh your ABN details
( Posted in: Tax )

Banking your business income to a private account?

The ATO have no concerns with business owners banking their business takings or other sales in private accounts, however, this can become a major problem for your bookkeeper!

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 Banking your business income to a private account?
( Posted in: Tax )

Stapled super funds for new employees

When you employ new staff and offer them a choice of super fund, it’s possible that they won’t choose one. If this happens, you will need to request the employee’s stapled super fund from the ATO in order to meet your choice of fund obligations.

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 Stapled super funds for new employees
( Posted in: SMSF )

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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 Business income and expenses
( Posted in: Tax )

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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 How’s your record keeping?
( Posted in: Tax )

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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 U R the Bank | Episode #1 – Developing Family Wealth
( Posted in: Community )