News and Events
What’s New at MKG Partners
Taking Money Out of Your Company? What Business Owners Need to Know
When you own and manage a company, it can sometimes be easy to think of the money in the business bank account as your own. However, a company is a separate legal entity, and money taken from the company for personal use needs to be treated correctly. In some cases,...
Beyond the Bank Balance: What Your Xero Reports Can Tell You
Xero is useful for much more than recording invoices, bills and bank transactions. Its reporting tools can also give you a clearer picture of how your business is performing, where your money is going and whether there are areas that may need closer attention. You do...
Tax Time Considerations for Shares, Crypto and Capital Gains
If you sold shares or sold, swapped or used cryptocurrency during the 2025–26 financial year, there may be tax consequences to consider. These transactions can result in a capital gain or loss, and working out the correct amount may involve more than simply looking at...
ATO Data Matching: Why Good Records Matter
The Australian Taxation Office (ATO) receives information from a wide range of third parties and uses data matching to compare it with what is reported in tax returns. In June 2026, the ATO reported that its data-matching program had adjusted more than 595,000...
Getting Paid Faster with Xero: Simple Ways to Improve Cash Flow
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...
PAYG Withholding: A New Financial Year Check for Employers
If you employ staff, PAYG withholding is likely to be a regular part of your payroll process, but it is still important to understand what these amounts represent and why accurate withholding matters to both your business and your employees. With the 2026–27 financial...
Start the 2026–2027 Financial Year on the Right Foot
The 2026–27 financial year is now underway. While the end of the financial year may still feel some time away, keeping your records organised from the beginning can make preparing your accounts and tax return much easier. It also gives your accountant the information...
Start the New Financial Year with a Cleaner Xero File
The beginning of a new financial year is a good opportunity to review your Xero file and make sure everything is up to date. A few simple habits can help keep your accounts organised, improve the accuracy of your financial reports and reduce the time required when...
New AML/CTF Rules: What Does It Means For You
As part of changes to Australia’s Anti-Money Laundering and Counter-Terrorism Financing laws, commonly known as AML/CTF laws, MKG Partners is required to complete certain checks before providing some services to clients from 1 July 2026. These requirements are now...
Holiday Homes and Tax Deductions: What It Means for Property Owners
If you own a holiday home that is also rented out, it is important to understand how the tax rules apply. The ATO has released updated guidance for rental properties and holiday homes, with a particular focus on properties used for both private purposes and short-term...
