Business

Victorian Government business boost announced for the extended lockdown

While Victoria is expected to remain in lockdown until the start of October, the Victorian Government will be rolling out additional financial support for the state’s small and medium businesses as they continue to grapple with the sustained impacts of lockdown restrictions.

... read more

Victorian Government business boost announced for the extended lockdown
( Posted in: Tax )

Employers exempt from FBT for retraining employees

Employers who deliver training to employees who are to be made redundant will now be exempt from fringe benefits tax after the legislation passed through Parliament.

... read more

Employers exempt from FBT for retraining employees
( Posted in: Tax )

Winding-up: Simplifying small business insolvency

On 1 January 2021, new laws came into effect that introduce a new, simplified debt restructuring and liquidation framework for small business.

... read more

Winding-up: Simplifying small business insolvency
( Posted in: Tax )

The JobMaker Hiring Credit

Here at Paris Financial we strive to pass useful and timely advice onto all our small business clients – that’s why we believe we are the small business tax champions!
The following is our comprehensive summary of the recently introduced JobMaker scheme. If you need any further assistance or have any queries, please contact us.

... read more

The JobMaker Hiring Credit
( Posted in: Tax )

Refunds for Tax Losses

If your company has made a loss, you may be able to claim a tax refund for tax previously paid on profits.

... read more

Refunds for Tax Losses
( Posted in: Tax )

Has COVID-19 devalued your business?

If you are selling your business, merging, acquiring, or inviting in new investors, you need to understand the value of your business. But, to what degree does the pandemic impact on value? Should you discount or hold firm to pre COVID-19 performance on the basis that ‘we’re going to come out of it eventually’?

... read more

Has COVID-19 devalued your business?
( Posted in: Tax )

The Little Disaster – Structure for Success

Having the right structure can be the key difference for financial independence. Regardless of whether you are running your business or selling it, structure is everything. The New Financial Year is a great time to be looking at your business structure. The small business tax laws in Australia are very flexible and give businesses a chance to restructure and get themselves right.

... read more

The Little Disaster – Structure for Success
( Posted in: Tax )

How to know if your worker is an employee or a contractor.

Determining whether your worker is an employee or a contractor can often be a challenging task.

... read more

How to know if your worker is an employee or a contractor.
( Posted in: Tax )