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.

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:

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.

With 40 days until Christmas, the End of Year preparation should start now. Whether you’re in retail and Christmas is your busiest time of year, or you’re choosing the close of the holiday period, it’s important to stay on top of tasks and alleviate any stress. Prepare your business and employees for the coming busy period with our expert tips.