News and Events
What’s New at MKG Partners
Xero and Hubdoc latest updates
In today’s fast-paced business environment, efficiency and user experience are key. The latest updates to Xero and Hubdoc are designed with those principles in mind, bringing new features and enhancements to streamline your workflow. Whether you're managing bills,...
Getting Your ABN in the 2024 Financial Year
One of the trends that we have identified in the first few months of the new financial year is significantly greater scrutiny from the ATO regarding ABN applications. Up to recently we would often be able to get an ABN for a prospective business client within 24...
Maximising tax deductions when renting out your home
Renting out part or all of your house or unit can be a lucrative way to earn extra income. However, to make the most of your rental earnings and stay on top of your taxes, it's crucial to understand the key points involved.Declaring rental incomeAny payments you...
A guide to Xero Repeating Invoice
As a small business owner, managing your finances efficiently is crucial. One of the key aspects of running a successful business is ensuring that your invoices are sent out promptly and consistently. Xero offers a powerful feature called 'Repeating Invoice,' which...
Death and Taxes
MKG Partners are your trusted advisors for your personal and business tax matters in times of exciting growth and in times of personal stress. One of the stressful issues that we have to deal with from time to time is the death of a client or a family member of a...
2023 End Of Financial Year Tax Tips
Here we are at the end of another busy financial year and it is time to start getting everything in order for the 2023 End Of Financial Year. These are some considerations that you can do over the coming weeks to finish up last year and prepare for the year...
Boost Your Efficiency with Xero’s New Invoicing Features
In a recent article, we introduced the concept of e-invoicing and its remarkable advantages for streamlining invoicing processes. Now, we're thrilled to take it a step further by showcasing the recent enhancements made to Xero's e-invoicing functionality. These...
Buying Vacant Land With Intention To Build And Rent
Buying Vacant Land With Intention To Build And RentMany clients that have constructed investment properties in the past (or know people that have) might be familiar with rules that previously allowed clients with an intention to rent the completed dwelling to claim...
What You Need to Know About the New Instant Asset Write-Off Threshold
$20,000 instant asset write-off On Tuesday 9th May the Federal Government delivered it's budget for 2023-2024. The big change that most accountants were expecting was the official end to the $150,000 instant asset write off & temporary full expensing methods. The...
Trust Distribution Resolutions: What you need to know before June 30 2023
For clients that use a trust within their business and investment structures it is a requirement of the ATO that a trust resolution is prepared before 30 June each year. Trust resolutions are usually documented in writing and are a form of trustee minute of a meeting....
