News
Company money: A guide for owners
When you start up a business, inevitably, it consumes not just a lot of time but a lot of cash and much of this is money you have already paid tax on. So, it only seems fair that when the business is up and running the business can pay you back. Right?
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Temporary Full Expensing (TFE) due to finish soon!
TFE, is due to finish on 30th June 2023!
Find out more about Temporary Full Expensing in this short video where Pat Mannix of Paris Financial explains the in's and out's for eligible businesses.
Can you claim an immediate cost deduction for the business portion of your assets for this year? Click the video to learn more!
Want to chat further with our team about this topic? Feel free to get in touch with our team on: (03) 8393 1000.
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Future earnings for super balances above $3m taxed at 30% from 2025-26
The Government has announced that from 2025‑26, the 15% concessional tax rate applied to future earnings for superannuation balances above $3 million will increase to 30%.
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What’s the Deal with Working from Home?
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home.
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Is ‘downsizing’ worth it?
Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs.
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U R the Bank Series | Episode #3 – Reduce Business Risk
Welcome to Paris Financial’s series: ‘ U R the bank’. In this episode, Pat Mannix will chat about Reducing Business Risk. 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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What are asset portfolios?
Building your wealth for the long term starts with a sound investment strategy; but with so many options outside your superannuation fund, from bonds to managed funds, where should you begin?
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Can super secure a woman’s future?
Many women retire with less super than men, resulting in lower living standards and higher risk of running out of savings. They can close this gap by checking their balance, investing wisely, and making extra contributions. By taking charge of their finances, women can secure a more prosperous retirement.
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