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PAYG Income Tax Withholding Variation
Do you own a negatively geared investment property? Your employer is required to withhold tax during the year to cover your estimated tax liability from your employment income. However, those who have a negatively geared property investment will have less taxable income than their employer estimated, due to their rental property loss offsetting their employment income. In these cases, the employee does their tax and gets a tax refund for the overpaid tax at the end of the year.
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Election Battleground - Your Retirement Savings!
For the first time in my life, I watched the budget reply speech in May. The problem is, both Government and Opposition budget proposals are now purely election promises. With the Election called for 2nd July, the Federal Government has moved into Caretaker mode.
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The Budget Wrap 2016
The Budget was delivered last night and there is a mix of good and bad news for our clients and prospective clients at Paris Financial. I will try and zero in on the key points and give some comment. The very large caveat here is that all this budget information is NOT law yet but everyone should be moving and starting to think about the consequences of these changes.
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Interest Rates Cut by 25 Basis Points
The RBA Board met earlier today and announced there would be a cut to the cash rate by 25 basis points – a new cash rate 1.75%
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Cure Brain Cancer Foundation
Paris Financial is proud to support the Cure Brain Cancer Foundation, with brain cancer touching the lives of several people who work here.
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New incentives for research & development innovators
Many years ago we had a young client that bought into a physio practice and he has developed an amazing career! His career has taken him off the tools (people), saved his hands and allowed him to follow his dream of creating a life changing product in the medical space.
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ATO property data match could affect honest owners
Late last year the Australian Taxation Office (ATO) announced its intention to acquire details of property transactions dating back to September 20, 1985. Yep, 1985! The scope and amount of information they are requesting is gigantic!
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Track your finances with the latest apps and tools
Whatever your reasons, understanding your budget is key to living a comfortable life. Whether you're saving for something in particular, getting out of debt or just trying to stop spending so much money on food, noting your daily spend can definitely help resolve any issues. Here are five apps that can help you stay on top of your budget.
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