Best Ways a Business Accountant Can Help You Apart from Your Taxes

When most people think about accountants, tax returns are usually the first thing that comes to mind. But at MKS Group, we know that great accounting is about much more than compliance. For Australian businesses, the role of a business accountant stretches far beyond tax season. We become trusted partners who help drive growth, stability, and long-term success.

Unlocking Success: The Benefits of Coaching for Small Business Owners

In today’s fast-paced business environment, small business owners often find themselves juggling multiple roles and responsibilities. As a coach and mentor, I have had the privilege of working with numerous business owners, helping them transform their businesses and achieve remarkable success. Here are some of the key benefits of coaching & mentoring for small business owners:

Understanding Your Minimum Repayment Obligations

If you own a private company and have taken a loan as a shareholder or an associate of a shareholder, it is crucial to understand your repayment obligations. Failing to meet these obligations could have significant tax consequences. This blog will guide you through the essential considerations regarding loan repayments, including the concept of minimum yearly repayments, Division 7A loan agreements, and the financial impact of borrowing from a private company.