Tax Compliance Archives - Page 6 of 10 - MB+M Group
ATO Increasing Emphasis On Debt Recovery
Tax Compliance
  • May 14, 2021

ATO Increasing Emphasis On Debt Recovery

Taxpayers falling behind on tax debts and lodgement obligations can soon expect contact from the ATO in the wake of JobKeeper ending.

The change in approach comes after the ATO began sending letters to taxpayers in February to warn them of potential sterner action if they failed to make good on their obligations and had refused to get in touch with the Tax Office.

The ATO has stated that from the end of March 2021, where appropriate, penalties will resume.

Video – Xero EOFY Payroll – Tips Tricks & Advice
  • July 04, 2020
Video – Xero EOFY Payroll – Tips Tricks & Advice

MB+M’s Lori Hall (Xero Specialist) and Anthony Pearson explain all the tips, tricks and advice relating to Xero End of Financial Year Payroll. Include is a walk thru of checks and balances for Xero Payroll and completing Single Touch Payroll Finalisation. Also provide are details of reconciling payroll, consideration of JobKeeper payments and more …

Tax Planning Part 3: Why Use A ‘Bucket Company’
  • July 02, 2020
Tax Planning Part 3: Why Use A ‘Bucket Company’

In Tax Planning Part 3: Why Use A ‘Bucket Company,’ Matthew McDowall, Accountant Adviser, explains how the use of a bucket company can reduce tax liabilities to substantially below 47% to a potential taxable amount of 25%.

Tax Planning Part 2: Trust Distribution Resolutions
  • June 26, 2020
Tax Planning Part 2: Trust Distribution Resolutions

In Tax Planning Part 2: Trust Distribution Resolutions, Matthew McDowall – Accountant Adviser, explains why distributions into Discretionary/Family trusts will need to be completed by 30th June each year to advoid paying 47% tax.

Tax Planning Part 1: Secrets To Minimising Your Tax
  • June 22, 2020
Tax Planning Part 1: Secrets To Minimising Your Tax

In Tax Planning Part 1: Secrets to Minimising Your Tax, Matthew McDowall – Accountant Adviser, explains the secrets of minimising your tax and increasing your wealth.

EOFY – Tax Tips For SMEs and Sole Traders
  • June 15, 2020
EOFY – Tax Tips For SMEs and Sole Traders

Its that time of year again and what would we like? Well how about EOFY – Tax tips for SMEs and sole traders. The article below provides some good pointers for you to consider. ARTICLE Source: SmartCompany. By: Matthew Elmas The end of financial year is just around the corner and in the wake of … Continue reading “EOFY – Tax Tips For SMEs and Sole Traders”

Prepare for Finalising Single Touch Payroll
Prepare for Finalising Single Touch Payroll

Prepare now for finalising Single Touch Payroll data. Large employers (with over 20 employees) must complete the finalisation declaration by 14 July. Small employers (with 19 or fewer employees) have until 31 July to complete the finalisation.

Read on to get more information on what is required.

You can contact MB+M on 03 5821 9177 and of our expert accountant help you in the finalisation of STP for this financial year.