News and Events
What’s New at MKG Partners
Tax Record Essentials: What Every Business Needs to Know
Efficient record-keeping is not just a regulatory requirement—it's a strategic asset crucial for any business. Recognised as a focus area by the Australian Taxation Office (ATO), proper documentation goes beyond mere transaction logs, encompassing all necessary...
ATO Focus Key Areas for 2024
As we reach the halfway mark of the final quarter of the financial year, it's essential for small businesses to assess their compliance status and prepare for the upcoming tax season. The Australian Taxation Office (ATO) has highlighted several key areas where...
Xero Payroll EOFY Checklist
As we approach the EOFY, it’s not just about wrapping up another financial year; it’s about setting a solid foundation for the next. For many of us, this means ensuring our payroll systems are not only compliant but streamlined for efficiency, especially with the...
FBT Season Strategy: Compliance and Record-Keeping Essentials
As the deadline for the Fringe Benefits Tax (FBT) season approaches, staying organised and on track is essential during this busy period. If you're looking for a refresher on the basics, our quick guide on Understanding Fringe Benefits Tax is a great starting...
Superannuation Contribution Caps
Are you maximising your retirement savings potential? Outside of relying on investment returns, the best way to ensure that your retirement assets grow over time is through superannuation contributions. With the Australian government's recent announcement regarding...
Xero Shortcuts, Tips and Tricks
Discover the lesser-known features of Xero that can boost your productivity. This post will highlight Xero shortcuts, tips and tricks that streamline your accounting tasks. Whether you're familiar with Xero or just starting out, these insights will help you work...
Comprehensive Guide on Motor Vehicle Expenses Claims
Small business owners can save money by deducting car expenses, but many don't realise they can. This article aims to provide a comprehensive guide on motor vehicle expenses claims, helping you understand how and when to claim these deductions. Whether you're using...
FBT Exemptions for Electric Cars
The Australian Government has introduced a significant incentive for small businesses to go green by offering FBT exemptions for electric cars starting from 1 July 2022. This move not only supports environmental sustainability but also offers financial advantages for...
WA Small Business Energy Bill Relief Guide
The WA Small Business Energy Bill Relief Program represent a joint effort by the Commonwealth and state governments, aiming to alleviate the strain of rising living costs. This initiative is a key part of the Australian Government's strategy, offering specific relief...
Making the Most of Your Holiday Home: Tax Deductions & Expenses Claim
Owning a holiday home in Australia is more than just a way to enjoy vacations—it's also an investment that comes with its own tax considerations. These properties can be great sources of rental income, but this means you'll need to keep an eye on the tax side of...
