News and Events
What’s New at MKG Partners
Single Touch Payroll Phase 2
Single Touch Payroll “Phase 2” was formally introduced and rolled out by the ATO on the 1st January 2022. Since that time the ATO has granted blanked extensions to many accounting software packages while they updated their systems and packages to conform with the new...
Hiring New Employees
Hiring a New Employee Is your business currently in the process of hiring a new employee? Read on for our handy tips – we have all the links to help you find what you need fast!Know the law Before hiring a new employee, employers need to make sure they know their...
Xero Payroll Setup
Set up payroll accounts and tracking Before you start, check your chart of accounts has a bank account and wages expense, superannuation expense, PAYG liability, wages payable liability and superannuation payable liability account. If you're unsure about which account...
Introductory guide to Xero Tracking Categories
Tracking categories can help you to see how different areas of your business are performing, for example locations, departments, cost centres. Xero reports can then help you make informed decisions about your marketing, advertising, product purchasing, most popular...
Need some tax time help?
To help reduce the stress of the EOFY, here is our breakdown of everything you need to know to get your business finances ready for tax time this year!What the ATO is looking for in 2022 The Australian Taxation Office (ATO) will be looking at these four key focus...
Evolve with eInvoicing
Pssst - have you heard about this new, government-approved secret that will revolutionize your business processes? It’s called eInvoicing – and it will change the game for business owners!Ready to say goodbye to manual invoicing? Many business owners are familiar with...
Blitz Your Bookkeeping With Xero Mobile Apps
Managing payroll processes can be tricky – especially for small business owners juggling everything themselves. If you’re using Xero, you might not know about the Xero Me app. It’s a powerful tool that businesses, and their employees, can use to manage payslips, leave...
Tax Returns: What Will The ATO Be Looking Out For In 2021?
When tax time rolls around, there’s one question clients always ask. “Who are the ATO cracking down on this year?” This year, it’s not so much a case of who, but what. The ATO is targeting a deduction claimed nationwide every year — work-related laundry expenses....
Our Guide to Self-Managed Super Funds: The Who, What & Why…
Whether you’re an investor, a business owner or just looking to take control of your finances, you might be considering starting a self-managed superannuation fund (SMSF). So what is an SMSF, and could it be right for you? We’ll dive deep into the topic so you don’t...
Accounts Payable: Getting a handle on your cash flow with Xero
Are you currently struggling to keep on top of the bills you need to pay – or fed up with paying them all one by one? If that sounds like you, and you are already using Xero for your business – there is another way! Whether you’re a small clothing retailer or a...
