You have just hired your first employee. What now?
Tasks and responsibilities with hiring as a new business owner. As your small business grows, you will need to hire employees. That’s definitely cause for celebration, but it also comes
Read More…
Author: mksgroup
Vic / NSW relief packages update
There have been several Federal/ State Government relief packages announced recently for NSW and Victoria. However, the exact dates as to when applications become live have not been released for
Read More…
5 Tips to Sharpen Your Time Management Skills
Time management is a critical resource in every business venture, big or small. It also has an impact on more than simply your supporting company’s operations. As the classic saying
Read More…
ATO takes aim on lifestyle assets
The Australian Tax Office (ATO) have now extended its lifestyle assets data matching program for the 2020-21 financial year through to 2022-23. This allows the ATO to acquire insurance policy
Read More…
Individual Tax Lodgement Frenzy
After last year’s record-breaking amount of lodgements received by the ATO on 1 July, the ATO stated they will not begin the full processing of 2021 tax returns until 7
Read More…
Review your business structure today
We are already a week into the new financial year and now is the perfect time to ask yourself, “Is it time to review my business structure?” The business
Read More…
Cryptocurrency transactions are not tax free
Cryptocurrency Crackdown by the ATO before tax time ATO analysis reveals that amid the pandemic and growing interest in cryptocurrency, more than 600,000 Australian taxpayers have invested in crypto assets.
Read More…
ATO Crackdown on work related expenses
Work From Home & Travel Expense Claims The ATO has urged all taxpayers that personal expenses, such as coffee, tea and toilet paper are not directly related to earning income
Read More…
Super changes + Closely held payees
July 1 is a very important day, changes with super guarantee and single touch payroll (STP) means you and your business must be prepared. Superannuation Guarantee Increase Employers, now
Read More…
Minimise your personal tax
Minimise Your Personal Tax 2021 Tax Planning Guide Now’s the time to review what strategies you can use to minimise your tax before 30 June 2021. Imagine what you
Read More…
