News and Events
What’s New at MKG Partners
How to Avoid Common BAS Mistakes
Running a business comes with many responsibilities, and lodging your Business Activity Statement (BAS) is an important part of staying compliant with the ATO. While BAS reporting can seem straightforward, small oversights in GST coding, recordkeeping, or...
Xero Tip: Using Bank Rules to Automate Your Bookkeeping
Keeping your bookkeeping up to date can often involve coding the same types of transactions repeatedly. Xero’s Bank Rules feature helps automate this process by recognising common transactions in your bank feed and suggesting the correct coding automatically. When set...
How Super Contribution Timing Can Affect Your Concessional Cap
Super contributions are counted based on when they are received by the super fund, not when the wages were earned. This timing difference can affect which financial year a contribution belongs to, particularly for the June quarter super payment. Understanding how...
ATO Travel Diary Requirements
If you travel overnight for work, keeping the right records really does matter. One area that often causes confusion is the ATO travel diary rule. Many people assume that as long as they have their receipts, they are covered, but that is not always the case. Here is a...
Xero Update: Faster Bill Approvals with Quick View
Xero has announced a new feature called Quick View, designed to improve how businesses manage their bills. Quick View introduces a split-screen panel that allows you to review, edit and approve invoices while keeping your bills list visible. Rather than opening each...
FBT 2026: What You Need to Know Before 31 March
As we approach 31 March 2026, now is the time for business owners and directors to review their Fringe Benefits Tax position. Once the FBT year closes, opportunities to reduce or manage your liability are extremely limited. A proactive review before year-end can...
Payday Super Is Now Law: What Employers Must Do Before 1 July 2026
Payday Super is now law and will apply from 1 July 2026. This reform changes how and when employers must pay Superannuation Guarantee contributions, moving super from a quarterly obligation to every pay cycle. If you employ staff, this is more than an administrative...
Renting Out a Room in Your Home: What You Need to Know
With ongoing cost-of-living pressures, many homeowners are considering renting out a spare room to generate additional income. While it may seem straightforward, even renting a single room can have income tax and capital gains tax consequences. Before entering into...
A Mid-Financial Year Check-In Before and After the Break
As we reach the middle of the financial year, it is a good time to do a quick check of your Xero file. Many businesses slow down over the holiday period, so reviewing your records either before the break or when you return can help keep everything on track. Xero...
SMSF Danger Areas Part 1: Property Risks and Illegal Access Issues
The ATO has highlighted several key SMSF danger areas for 2025, and two of the most significant relate to how trustees manage property within the fund and how they handle member access to SMSF money. Both issues have become increasingly common and are now receiving...
