Author: mksgroup

EVs & Fringe Benefits Tax: The Hidden Compliance Trap Employers Are Missing

- mksgroup

Electric vehicles remain one of the most tax-effective employee benefits available to Australian employers. For eligible electric cars, the FBT exemption can mean no fringe benefits tax is payable on the car benefit, which is why EV salary packaging and employer-provided EVs continue to attract attention in 2026.

But this is where many businesses get caught out: FBT-exempt does not mean compliance-free. Even where an eligible EV is exempt from FBT, employers may still need to calculate its taxable value for reporting purposes.

Close-up view of Australian $50 bills arranged in a pattern. Vibrant colors and detailed imagery highlight currency features.

How to Survive a Cash Flow Shortage in Your Business

- mksgroup

Cash flow shortages are one of the most common and most stressful challenges faced by Australian businesses.

And contrary to popular belief, they don’t just happen to struggling businesses.

We regularly see profitable businesses with strong sales still experiencing cash flow pressure due to timing mismatches, growth spurts, tax obligations, or poor visibility over future cash needs.
At MKS Group, we turn BAS, GST and compliance, and EOFY help into a calm, repeatable rhythm, so you can focus on running (and growing) your business. Here’s how our approach as your business tax accountant delivers fewer surprises, cleaner numbers, and more confident decisions.

Quarterly BAS and EOFY Sorted: How MKS Group Takes the Stress Out of Business Accounting

- mksgroup

Quarterly BAS due. Payroll finalisation looming. EOFY around the corner. For many Melbourne businesses, these words trigger a familiar mix of late nights, spreadsheet juggling, and “is this right?” anxiety. It doesn’t have to be that way.

At MKS Group, we turn BAS, GST and compliance, and EOFY help into a calm, repeatable rhythm, so you can focus on running (and growing) your business. Here’s how our approach as your business tax accountant delivers fewer surprises, cleaner numbers, and more confident decisions.

How Franchise Business Advisory Supports Expansion

- mksgroup

Expanding through franchising can be one of the most powerful ways to grow a business, but it’s also one of the most complex. Between legal structures, financial modelling, tax implications, brand consistency, and the realities of managing franchisees, it’s easy for growth plans to stall or become risky. That’s where Franchise Business Advisory becomes essential: guiding franchisors through each stage of expansion with clarity, structure, and confidence.

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

- mksgroup

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

- mksgroup

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

- mksgroup

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.