Archive for category: Tax
News
Business 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 moreHow’s your record keeping?
Good record keeping makes things easier at tax time – consider if a digital business solution (such as digital record keeping) will help you.
... read moreStructural Risks: What’s the Best Entity to Operate From?
Structural Risks: What’s the Best Entity to Operate From? | Special Guest Pat Mannix of Joins Alex & David on: ‘A Lawyer and a Financial Advisor Walk into a Bar’
... read moreTaxing 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 more