Tax
  • 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%. You should note that this video provides an overview only of how “bucket companies work, and you should … Continue reading “Tax Planning Part 3: Why Use A ‘Bucket Company’”

  • 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.

  • 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.

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.

  • June 02, 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!