Contractor vs. Employee: What’s the Difference?
payroll
  • January 25, 2021

Contractor vs. Employee: What’s the Difference?

Choosing the right type of worker is vital in today’s on-demand economy. If you run a business, you need to decide whether to hire independent contractors or employees – or a combination of both. The MB+M Business Services team provides a guide of how to decide on whether to choose a contractor or employee & what you need to know.  

Staying afloat and thriving through a downturn
  • January 20, 2021
Staying afloat and thriving through a downturn

Coping with a sudden downturn is no walk in the park. If you’re looking to improve your business planning or improve your financial model, do come and talk to us

How to find the best business ideas for my business?
  • November 17, 2020
How to find the best business ideas for my business?

“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.

5 rules for managing small business cash flow
  • November 13, 2020
5 rules for managing small business cash flow

Every business wants a strong cashflow and good margins. Here are 5 rules for managing small business cash flow.

Here is a great video on importance of the breakeven point, cashflow and profitability by MB+M’s Adrienne Gledhill – Accountant Adviser

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.

Payroll Updates: Minimum Wage Award Changes & Parental Leave
  • July 29, 2020
Payroll Updates: Minimum Wage Award Changes & Parental Leave

Employers, there are payroll changes you need to know about! Parental leave now has greater flexibility and there are changes to some awards that apply now and others that will be implemented in stages. We can help make payroll easier.

Prepare for Finalising Single Touch Payroll
  • June 15, 2020
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.

READY TO TAKE CONTROL OF YOUR FINANCIAL FUTURE?

Take control today, and rest assured that
your SMSF is in safe hands with MB+M.
Your money, your investment, your decision.

Shepparton

23 Nixon Street, Shepparton, Vic 3630

Numurkah

106-108 Melville Street, Numurkah, Vic 3636

03 5821 9177