Tax Compliance Archives - Page 7 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.

Instant asset write offs up to $150000 extended till year end
  • June 10, 2020
Instant asset write offs up to $150000 extended till year end

Businesses will be able to claim instant asset write offs up to $150000 extended till year end for accelerated depreciation on new asset under the latest extension of the asset write-off program unveiled by Treasurer Josh Frydenberg on Tuesday.

Two New Business Management Features in Xero
  • July 27, 2020
Two New Business Management Features in Xero

This video demonstrates two new great features recently released in Xero. One is the business snapshot and the other short term cashflow. Both are great tools that you can use easily to keep track of how your business is performing, and how your cash is tracking. Watch to find out more. Another great reason to be a Xero user!

Common & Specific Tax Deductions For Small Business
  • June 01, 2020
Common & Specific Tax Deductions For Small Business

There are many common & specific tax deductions for small business. Then there are other expenses that are specific to the nature of the goods or services the business provides. Are you claiming all the tax deductions that you are entitled to?

Government Cash Flow Boost Credit Process in Xero for April
  • May 28, 2020
Government Cash Flow Boost Credit Process in Xero for April

In this video, Lori Hall Account Advisor/Xero Expert will step you through processing a manual journal to reduce correctly the PAYGW liability on your balance sheet.

Important points to consider that the video addresses.

Do you lodge your PAYG Tax withheld on a monthly basis and have received less than $50,000 from the Cashflow Boost so far?

If so, you will not likely be making a payment for the months of April or May because of the Government’s current Cash Flow Boost.

Without a payment on your bank reconciliation how will you record the credits from the ATO?

Webinar Recording – Covid-19 Share Market Roadmap & Opportunities
  • May 27, 2020
Webinar Recording – Covid-19 Share Market Roadmap & Opportunities

Vince Gagliardi hosted this webinar, and it was presented by OzPlan Authorised Representative & Investment expert, Myles Martin If you missed it you can watch it here. Reviews of the webinar were great and much appreciated. Myles showed how previous market crashes/corrections have rebounded and provide an update on the current share market. They also addressed common questions … Continue reading “Webinar Recording – Covid-19 Share Market Roadmap & Opportunities”