News and Events
What’s New at MKG Partners
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 2026–27 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...
Standard deduction for work-related expenses: What the Proposed $1,000 Deduction Means for You
You may have heard about the proposed $1,000 standard deduction for work-related expenses. If introduced, this could be a helpful change for many employees, particularly those with smaller work-related expense claims. The aim is to make tax time simpler and reduce...
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...
