Archive for category: Tax
News
The Killer - Part 1
The Killer puts pressure on all forms of government except those governments that allow it to infiltrate and ruin. The Killer does not choose political sides. It is not sexist, nor racist and it applies to all faiths. The Killer is slowly but surely killing us.
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The Great Australian Nightmare
It’s known as the Great Australian Dream, owning your own home. In the past this has been an attainable goal for most hard working people. However this is becoming less realistic today for people wanting to live in suburban Melbourne or Sydney due to the high inner city/suburb property prices.
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Your Business Has Been Selected For An ATO Audit!
These are the words nobody ever wanted to hear, but have you ever wondered how the ATO identifies who to audit? One positive is that the ATO is very upfront when it comes to who they intend to target.
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Does It Really Matter If I Pay Super Late - What Is All The Fuss About?
Have you been hearing scary stories about employers getting into trouble for not paying super for employees or paying a little bit late? Thinking it doesn’t apply to you and that it all works out in the end? Well it is true, it looks like the government is toughening up on those employers not quite managing their super obligations.
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Tax Services & Al
Recently the ATO commissioner Chris Jordan said a practice built on supplying “simple returns” needs to look at their business model. The ATO’s free products have come under fire by high volume tax agents, however, this is exactly the area where artificial intelligence will likely dominate and human intelligence may not be required.
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Do 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.
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What 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.
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Innovative 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.
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