News and Events
What’s New at MKG Partners
Xero Has Started Preparing for Payday Super
If you use Xero Payroll, you may have noticed new prompts and setup tasks appearing in your payroll file recently. These changes are part of Xero's preparation for Payday Super, which is currently scheduled to commence from 1 July 2026. While the new requirements are...
Federal Budget 2026: What It Means for Your Super
The 2026 Federal Budget contained relatively few direct changes to superannuation compared to the broader tax reforms proposed for property investors and discretionary trusts. In fact, one of the key takeaways for many Australians is that superannuation remains one of...
Federal Budget 2026: Key Changes Business Owners Should Watch
The 2026 Federal Budget included several proposed tax changes that could affect small businesses, property investors, and family groups. While many of the announcements still need to pass legislation, there are a few key areas worth understanding now, particularly for...
Xero Reconciliation: Why It’s Not Just About Matching Transactions
If you have been using Xero for a while, reconciling your bank transactions has likely become part of your regular routine. It is quick, efficient, and often just a matter of matching transactions until everything turns green. However, that ease can sometimes lead to...
Why the ATO App Is Now a Must-Have
Managing your tax affairs has become increasingly digital, and with that comes both convenience and new risks. The ATO app is no longer just a useful tool, it is quickly becoming essential for staying informed and protecting yourself from scams.Receive ATO Notices...
ATO Fuel Relief Payment Plan: What It Means for Your Business
Rising fuel costs have been putting pressure on many businesses, particularly those relying on transport, deliveries or frequent travel. In response, the ATO has recently announced a temporary fuel relief payment plan to help eligible businesses manage their tax...
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...
