What is the ATO looking for…
The ATO is currently owed around $66 billion. Nearly all of this amount is validly owed to the ATO – that is it is undisputed. It simply has not been
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Author: mksgroup
Super contributions for non-employees
Did you know that you can be liable to make superannuation contributions on behalf of people that are not your employees? This can be so even if a person describes
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Start planning now for financial year end
There are less than two months before the end of the 2023 financial year. May is a good time to start planning for your year end strategies. It is a
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Protecting Your Business: Why you need a Successor Director
There are almost 3 million companies in Australia and many are used by small businesses to trade and for others, companies act as a trustee for a discretionary family trust
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A Lesson in Business Tax
Taxes can be quite complex with different types of taxes such as income, GST, and property taxes, each with their own set of rules and regulations. Moreover, these taxes can
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4 Things you need to know about Single Touch Payroll Phase 2
What is Single Touch Payroll Phase 2? In the 2019-20 Budget, the Federal Government announced that they would be expanding Single Touch Payroll (STP). This expansion, known as STP Phase
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Working From Home? Look at the new method of claiming deductions.
The Tax Office recently made an important change to the way many people will claim a tax deduction for working from home. For the current year of income, and future
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7 Effective Accounting Tips to Help Your Biz Improve
If you want to ensure the financial health of your business, it is essential to keep a close eye on your finances. Accounting is at the heart of any business
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Bringing your cashflow processes into the digital age
Keeping on top of your cashflow is even more important during tough economic times. With rising inflation, cost of living pressures and supply chain challenges still evident, cash is likely
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How an Accountant Saves and Makes Your Business Money
The goal of a business owner is to make a profit to provide for themselves and their employees. If a business owner doesn’t keep track of their finances, they’re likely
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