News and Events
What’s New at MKG Partners
Superannuation on Paid Parental Leave
Starting from July 1, 2025, superannuation contributions will be included in government-funded Paid Parental Leave (PPL). This means parents will see additional super contributions on top of their PPL payments, marking a major change in retirement savings...
Understanding PAYG Instalments for Rental Properties
Owning a rental property comes with tax obligations that can require more than just standard PAYG withholding on your salary. In fact, rental income may require additional PAYG instalments on top of the regular PAYG withholding for your wages.What is PAYG? PAYG...
Xero Tap To Pay
Do you know about Xero’s newest feature, Tap to Pay, that launched in August 2024? This feature enhances the way businesses can process payments by allowing them to use their mobile devices as a backup payment terminal. Currently available on Android devices and...
Workers’ Compensation and Injury Management in Western Australia
Workers' compensation and injury management are essential components of ensuring a safe and fair workplace in Western Australia. When employees suffer from work-related injuries or illnesses, it's crucial that they have access to appropriate compensation and support...
Boost Your Super with the Super Co-Contribution
Saving for retirement can sometimes feel daunting, but the Australian Government offers a valuable incentive to help you grow your superannuation (super) savings: the Super Co-contribution. This initiative is designed to assist low and middle-income earners in...
Spouse Super Contributions
Planning for retirement is a crucial part of financial security, and one effective strategy to consider is making spouse super contributions. This approach not only helps in growing your superannuation (super) savings but also offers potential tax benefits. Let’s...
Xero Invoice Templates,Handling Packing Slips and RCTIs
Did you know you can customise your invoices and branding in Xero to better reflect your business identity? You can adjust invoice templates to include your logo, payment terms, and other specific details that showcase your unique brand. This approach helps maintain a...
Claiming Deductions for Vacant Land: What You Need to Know
Owning vacant land can be a valuable investment, but it comes with its own set of tax rules, particularly when it comes to claiming deductions. Recent changes to Australian tax law have placed stricter limitations on the deductions you can claim for vacant land. This...
Rental Expenses Explained: What You Can and Cannot Deduct
As a rental property owner, knowing which expenses you can deduct is crucial for maximising your tax savings and ensuring compliance with the Australian Taxation Office (ATO). This blog will guide you through the various types of rental expenses, including those you...
Rental Income: What Counts and How to Report It
As a rental property owner, it's essential to know what counts as rental income for tax purposes. This blog will guide you through the various forms of rental income and related payments you need to include in your tax return. Declaring Rental Income Any payments you...
