Paul Money Partners

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Paul Money Partners 25 Wellington St, Collingwood
8566 7600

65 Main St, Greensborough
94354066 Paul Money Partners commenced a small specialist practice in Carlton in July 2013.

Paul has been joined by his son Liam, who became a director on 1 July 2015. On the same day, Paul Money Partners merged with Branagan & Associates, a longstanding practice in Greensborough where Paul’s brother Philip has been the principal. In July 2016 Cameron Watson's firm Watson & Co joined practices with Paul Money Partners. The practice is now conducted in two offices, Carlton and Greensborough, with Paul, Cameron and Liam as the directors. PMP are Taxation Advisers and Superannuation Specialists.

📣 Good news for small business owners! The $20,000 Instant Asset Write-Off has now been made permanent.Eligible business...
24/09/2026

📣 Good news for small business owners! The $20,000 Instant Asset Write-Off has now been made permanent.

Eligible businesses with turnover under $10 million can immediately deduct the business portion of eligible assets costing less than $20,000.

And importantly, the threshold applies per asset, meaning you can potentially claim the immediate deduction on multiple eligible purchases during the year.

Before going on a spending spree, remember:
✅ The asset needs to be used or ready for use in the business
✅ The $20,000 threshold applies to each individual asset
✅ Private use needs to be taken into account
✅ A tax deduction doesn’t mean the asset is free!

Thinking about a significant business purchase?
Talk to us before buying so we can make sure the timing and tax treatment make sense.🤝

📚Thinking about claiming your study costs this tax season?The key question is whether the course helps you maintain or i...
11/09/2026

📚Thinking about claiming your study costs this tax season?

The key question is whether the course helps you maintain or improve the skills and knowledge required in your current role.

For example:
✅ An accountant completing their CA or CPA studies may be able to claim eligible expenses.
✅ A nurse undertaking further nursing qualifications may be able to claim eligible expenses.

However:
❌ A teacher studying to become a lawyer.
❌ An office administrator studying to become a pilot.

These courses are generally designed to help you enter a new profession rather than improve skills in your current one.

Remember, even if your course qualifies, you can’t claim expenses that have been paid or reimbursed by your employer. 👉

🗣️ “I’ve started a second job. Am I going to pay more tax?”This is one of the most common questions we hear.The short an...
28/08/2026

🗣️ “I’ve started a second job. Am I going to pay more tax?”

This is one of the most common questions we hear.
The short answer: No, not simply because you have two jobs.

Your tax is calculated on your total income for the year, regardless of how many employers you have.

The biggest issue we see is people accidentally claiming the tax-free threshold from multiple employers, which can lead to an unexpected tax bill at tax time.

If you’ve recently started a second job, make sure you’ve completed your TFN declaration correctly and understand how the tax-free threshold works. 👉

Many Australians support charities and community organisations throughout the year, but not all contributions are tax de...
21/08/2026

Many Australians support charities and community organisations throughout the year, but not all contributions are tax deductible.

To claim a deduction, the donation generally needs to be:
✅ $2 or more
✅ Made to a registered Deductible Gift Recipient (DGR)
✅ Supported by a receipt or record

A common mistake is claiming fundraising event tickets, raffle tickets or auction purchases. Because you receive something in return, these are generally not deductible gifts.

Before lodging your tax return, take a moment to gather your donation receipts and ensure the organisation is registered as a DGR.

💭 Remember, while a tax deduction is nice, donating should always be about supporting a cause you care about, not getting a tax refund.

🗣️”Can I claim my work clothes?”It’s one of the most common questions we receive each year.The simple rule is that cloth...
31/07/2026

🗣️”Can I claim my work clothes?”

It’s one of the most common questions we receive each year.

The simple rule is that clothing must generally be either:
👉A compulsory uniform
👉Occupation-specific clothing
👉Protective clothing

Many people are surprised to learn that standard business attire, suits, dresses, black pants and black shoes are usually not deductible, even if they’re only worn to work.

If you’re claiming clothing expenses this tax season, make sure you understand the rules before lodging your return 👀

🚗 Can you claim your car on tax?This is one of the most misunderstood deductions.Many people assume they can claim the d...
10/07/2026

🚗 Can you claim your car on tax?
This is one of the most misunderstood deductions.

Many people assume they can claim the drive from home to work. In most cases, that’s a private expense and not deductible.

However, travel between workplaces, client visits, multiple job sites and other work-related trips may be claimable. 👀

The biggest mistake we see isn’t claiming too little, it’s claiming trips that aren’t deductible in the first place.

If you’re using your car for work, make sure you’re keeping the right records and understand which trips qualify. 👉👉

Happy New Financial Year! 🎉A new financial year isn’t just about tax returns and compliance obligations. It’s an opportu...
01/07/2026

Happy New Financial Year! 🎉

A new financial year isn’t just about tax returns and compliance obligations. It’s an opportunity to reset, review your goals and put plans in place for the year ahead.

Whether you’re running a business, building wealth, investing for the future or simply looking to get on top of your finances, the decisions you make now can have a significant impact over the next 12 months.

From all of us at Paul Money Partners, thank you for your continued support and trust. 🤝

We look forward to helping you make 2026/27 your best financial year yet.

Despite the noise around the economy right now, there are still businesses growing, hiring and performing really well 👏T...
19/06/2026

Despite the noise around the economy right now, there are still businesses growing, hiring and performing really well 👏

The difference usually isn’t luck.

The businesses winning right now are:
-Staying proactive
-Understanding their numbers
-Making decisions early
-And adapting quickly

If you’d like clarity on where your business stands today, get in touch with our team. 📧

📣 Super isn’t just a retirement account.It’s one of the most effective tax strategies available.✅ Lower tax. ✅ Long-term...
29/05/2026

📣 Super isn’t just a retirement account.
It’s one of the most effective tax strategies available.

✅ Lower tax.
✅ Long-term growth.
✅ Better outcomes.

But only if you use it properly 👉

Budget night is done ✅ Some genuine wins for workers and small business… but also some BIG proposed changes around prope...
13/05/2026

Budget night is done ✅

Some genuine wins for workers and small business… but also some BIG proposed changes around property, CGT and trusts.

There’s a lot to unpack over the coming weeks.

If you’re a business owner, investor or operate through a trust, now is the time to start paying attention.

📩 Reach out if you want to understand how these changes could impact you.

Address

Melbourne, VIC

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+61385667600

Website

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