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Five New Year’s Tax Resolutions
Here we are in 2023! A brand-new year with a set of a brand-new personal resolutions!
... read moreWhy 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.
... read moreRefresh 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.
... read moreU 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.
... read moreHas 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.
... read moreBanking 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!
... read moreStapled 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.
... read moreBusiness 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’.
... read more