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ATO Changes for Building and Construction Service Clients
If you are running a business primarily in the building and construction industry and you make payments to contractors for building and construction services, you will need to lodge a Tax Payments Annual Report.
... read moreWhat Will The ATO Audit This Year?
It can often be difficult to know where exactly the tax office are going to be focusing their audits. As it is the start of a new financial year, I thought I would provide some insight into where the ATO will be pointing their guns in 2018/19.
... read moreTax Planning Tips - 2018
Here are our top five tax planning tips for 2018. It’s early June now, and a perfect time to go over these tips.
... read moreWhat Could Possibly Go Wrong?
You have had a great idea, worked really really hard, endured the late nights, a few bumps along the way, built up a good business and now it should be time to reap the benefits. But now things have taken a serious turn…..down.
... read moreDo 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.
... read moreWhat is a 'Cryptocurrency'
A cryptocurrency is a digital or virtual currency that uses cryptography or encryption for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
... read moreInnovative investor incentives
If your innovative idea has real legs for commercialisation in business then the government has set up a tremendous incentive for venture capitalist investors. It’s a sign our politicians are wanting to support the innovation of entrepreneurial Australians and it’s also an indication of the global vision of these entrepreneurs.
... read moreSmall 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”.
... read more