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Small 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”.

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Small business restructure roll-over concessions
( Posted in: Tax )

Great news for everyone running a small business!

The Small Business Entity threshold has increased to $10 million from 1 July 2016 onwards (became law on 19th May 2017). Previously the Small Business Entity threshold was $2 million. Basically, you are a Small Business Entity if you carry on a business and have an aggregated turnover of less than $10 million.

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Great news for everyone running a small business!
( Posted in: Tax )

2017 Tax Checklists

We have taken the time to prepare comprehensive Tax Checklists, designed to guide you in providing all the correct and relevant information to maximise your tax return. 

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2017 Tax Checklists
( Posted in: Tax )

Have you made a capital gain this financial year?

If you find yourself with a capital gain this year because you sold an investment property or some shares, it is time to take stock of your other investments and determine if now might be the right time to realise a capital loss.

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Have you made a capital gain this financial year?
( Posted in: Tax )

Wage increases less than 2 months away – don’t be caught out and always protect your Capital!

Accountant found to be an accessory for “wilful blindness” towards underpaid employees. In a precedent-setting decision by the Federal Circuit Court, an accountancy firm has been found accessorily liable for the underpayments of the employees of one of its clients.

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Wage increases less than 2 months away – don’t be caught out and always protect your Capital!
( Posted in: Tax )

Are you paying more tax than you need to?

What can you do to reduce your tax and the tax paid by your business? The answer is quite a bit but it takes planning pre 30 June. Here are our top tips ...

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Are you paying more tax than you need to?
( Posted in: Tax )

BIG tax breaks

Fantastic News, there is an increase to the aggregated turnover threshold to $10 million for access to small business tax concessions from 2016-17.  This means that any businesses with an aggregated turnover of under $10 million can now ....

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BIG tax breaks
( Posted in: Tax )

The Budget Wrap 2017

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 a brief 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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The Budget Wrap 2017
( Posted in: Tax )