Ken Burk

Cash Payments Are Holding Your Business Back

Cash Payments Are Holding Your Business Back

Are you missing out on customers because you still think “cash is King?”

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Tax Obligations For Car Sharing

Tax Obligations For Car Sharing

The ATO has flagged these car sharing service platforms and believes that, by using their sophisticated data matching systems, they can identify where sharing platforms are being used to generate income.

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( Posted in: Community )

What Do You Need to Know About Airbnb?

What Do You Need to Know About Airbnb?

So, there are extra rooms that you don’t use and it’s just occurred to you that the extra cash that could come in from renting a room or two on Airbnb outweighs the negatives of having a complete stranger in your home...

OK, what do you need to be aware of?

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( Posted in: Property )

Your Business Has Been Selected For An ATO Audit!

Your Business Has Been Selected For An ATO Audit!

These are the words nobody ever wanted to hear, but have you ever wondered how the ATO identifies who to audit? One positive is that the ATO is very upfront when it comes to who they intend to target.

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( Posted in: Tax )

Does It Really Matter If I Pay Super Late - What Is All The Fuss About?

Does It Really Matter If I Pay Super Late - What Is All The Fuss About?

Have you been hearing scary stories about employers getting into trouble for not paying super for employees or paying a little bit late? Thinking it doesn’t apply to you and that it all works out in the end? Well it is true, it looks like the government is toughening up on those employers not quite managing their super obligations.

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( Posted in: Tax )

Do you use your car for work or in your business?

Do you use your car for work or in your business?

YES? ... You should speak with us here at Paris Financial about claiming this in your Income Tax Return. But, be aware that the ATO have strict rules about what and how car use can be claimed.

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( Posted in: Tax )

Small business restructure roll-over concessions

Small business restructure roll-over concessions

What happens if you are in the wrong structure? Have you ever had a chat with a colleague or mate and thought “why aren’t I doing that” or “I wish I could change the way my business works”.

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( Posted in: Tax )

Great news for everyone running a small business!

Great news for everyone running a small business!

The Small Business Entity threshold has increased to $10 million from 1 July 2016 onwards (became law on 19th May 2017). Previously the Small Business Entity threshold was $2 million. Basically, you are a Small Business Entity if you carry on a business and have an aggregated turnover of less than $10 million.

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( Posted in: Tax )