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Taxing fame: The ATO’s U-turn
Sportspeople, media personalities, celebrities and ‘insta’ influencers beware. The ATO has taken a U-turn on how fame and image should be taxed.
... read moreEntertaining your employees?
With summer just around the corner, you may be planning a party or a day on the green with your employees. Before you fire up the BBQ, make sure you consider the fringe benefits tax (FBT) implications of your celebration.
... read moreMade a business or non-commercial loss?
Any business can make a loss. You generally make a tax loss when the total deductions you can claim for an income year exceed the total of your income for the year. Your income includes both assessable and net exempt income.
... read more2022-23 October Federal Budget | Winners & Losers
Federal Budget October 2022 overview: This budget appeals to families, patients accessing medicines, renters and home buyers, and those in vocational training.
... read moreU R the Bank Series
Pat Mannix is launching a new series called U R the bank! Follow each episode to find out how you can be your own bank, develop your own property portfolio, and protect your assets.
... read moreWill Your Business Survive, Thrive and be Ever Alive?
If there’s one thing that Pat Mannix of Paris Financial has realised in his 30 years of dealing with small business, in particular growing small businesses is that it takes a long time to survive and thrive in business.
... read moreFBT-free Electric Cars
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how.
... read moreHow high will interest rates go?
The RBA lifted the cash rate to 1.85% in early August 2022. The increase comes a few weeks after Reserve Bank Governor Philip Lowe told the Australian Strategic Business Forum that “…we’re going through a process now of steadily increasing interest rates, and there’s more of that to come.
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