Xero Activity Statement Reporting – Unfiled GST Amounts
Business Growth
  • October 04, 2021

Xero Activity Statement Reporting – Unfiled GST Amounts

With another BAS Period coming to a close, Matthew McDowall from the Xero team has put together a short video describing a recent addition to the GST Activity Summary report, Unfiled GST Amounts.

Xero have added this new feature to pick up the transactions that can sometimes get missed when completing your activity summary due to timing of transactions and coding.

MYOB – Updated Tax Tables Are Available Now
  • November 04, 2020
MYOB – Updated Tax Tables Are Available Now

MB+M Compliance Team advise that MYOB updated tax tables available are now.  These new tables resulted from recent changes to personal income tax thresholds introduced by the Federal Government. In releasing the new tax tables the ATO has advised that these will apply from 13 October, 2020.

JobKeeper Extension Focus Areas Identified by ATO
  • October 30, 2020
JobKeeper Extension Focus Areas Identified by ATO

JobKeeper extension focus areas identified by ATO.  In the announcement the ATO stated it will keep a particularly close watch on businesses that have apparent irregularities in their GST turnover as well employers claiming the higher subsidy rate.

Employers to implement updated tax tables by November 16
  • October 19, 2020
Employers to implement updated tax tables by November 16

“It’s time for employers to implement updated tax tables by November 16, including payroll processes, so that tax cuts are applied” the ATO has said. The updated tax withholding schedules will then reflect the actual 2020–21 income year personal inclusive of retrospective tax cuts.

Your PAYG Withholding & BAS Statements are due on 21st October
  • October 16, 2020
Your PAYG Withholding & BAS Statements are due on 21st October

This reminder comes from the MB+M Compliance team to provide you with a “heads-up” that your PAYG Withholding & BAS Statements are due on 21st August. They outline what you will need to review before finalising each of these statements. If you have questions, or need some assistance, then you can contact the Compliance team on 03 5821 9177.

What does an accountant do?
  • October 12, 2020
What does an accountant do?

At MB+M we wonder from time-to-time we wonder what others view what does an accountant do? Our accountants can do much more than just tax and compliance work for your business. They’re troubleshooters and strategic advisors for small business. Having an MB+M accountant means that you can operate your business with more clarity and confidence.

2020 Budget – What It Means For You
  • October 08, 2020
2020 Budget – What It Means For You

Our Business Services team brings you the details on the Federal Government’s budget aimed to kickstart the economy after Australia’s massive COVID-19 close down.  The budget provides for huge spending, and tax cuts, aimed at driving economic growth.