It’s the beginning of a new financial year, meaning it’s an important time for you to ensure your tax affairs are in order. Lodging your tax returns or preparing to lodge them can mean stress and panic – which means it’s the perfect time for scammers to strike and deceive innocent tax payers to give
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On 24 May 2018, Minister for Revenue and Financial Services announced the commencement of a 12 month Superannuation Guarantee (SG) Amnesty. This is a one-off opportunity for employers to self-correct any non-compliance with employer SG obligations without penalty.   The Amnesty will be available from 24 May 2018 to 23 May 2019, subject to clearing parliament and sealed
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WHAT IS SINGLE TOUCH PAYROLL? Single Touch Payroll is a Government initiative that will change the way you report on your payroll to the ATO from 1 July 2018. Under Single Touch Payroll (STP) businesses will report on salary or wages, pay as you go (PAYG) withholding and superannuation directly to the Australian Taxation Office
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Scott Morrison’s 2018 – 2019 Federal Budget Speech Spruiked Tax Relief for families in the form of a fairer and simpler tax system, Banking on Business to drive the economy, Guaranteeing Essential Services for all and Securing Australia, all while living within our means. With an election looming next year, the general thought was that
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In spring of 2017, I found myself doing the obvious “spring cleaning” at home with my wife. Our team at MKS Group also used a “Spring Clean” theme for the spring quarter to get our office in order – clear the back log of work, clean up our office, clean up our act, lose the
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Did you know that every Family Trust is required to make a resolution before 30 June each year as to who will be receiving the profits of the Trust?  And, that you also need to note how much each person will be receiving. If the Trustee of the Trust fails to do this, then the
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Thank you to our amazing team for all the support and dedication which has led to MKS Group achieving the ‘Service Excellence in an Accounting Business’ award at this years Panalitix’s Accountants’ Conference. On the 26th – 30th April MKS Group was represented at the annual Panalitix’s Accountants’ Conference (The PAC 2017) on the Sunshine
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Do you run a business and have employees? If yes, then let us help you take care of your Human Resources (HR) the EASY way.  If you answer ‘Yes” to any of the questions below, you may not be legally compliant and you and your business may be exposed.  Please contact us TODAY to have
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Everyone knows the tale of Robin Hood, the doer of good deeds who took from the Rich to give to the less fortunate. In the case of the 2016 Federal Budget, Robin Hood could easily be called Super Robin. With the arrow drawn and aimed at an obvious revenue raising target, Treasurer Scott Morrison announced
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Team Turnbull / Morrison has lifted the bonnet to fine tune the “engine room” of the economy to encourage small business to invest and employ. In a welcomed move, the Budget announced that effective from 1 July 2016 small businesses will receive a reduction in the company tax rate to 27.5%. A further “turbo boost”
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