News

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 )

Why is my refund less than expected?

As part of the ATO’s response to COVID-19 and other natural disasters, they paused the recovery of debts, including offsetting credits and refunds to debts on hold to support economic recovery.

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 Why is my refund less than expected?
( 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 )

U R the Bank Series | Episode #2 – Protecting Family Assets

Welcome to Paris Financial’s series ‘ U R the bank’. In this episode, Pat Mannix will chat about Protecting Family Assets. 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 Series | Episode #2 – Protecting Family Assets
( Posted in: Tax )

Has your business been impacted by floods?

If you’re a small business or an individual in an Australian Government Disaster Recovery Payment declared local government area, you can request deferral on your lodgment due date. If you need help, contact the ATO to discuss your circumstances.

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 Has your business been impacted by floods?
( Posted in: Community )

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 )