Year End Planning Guide – June 2023
With 30 June fast approaching, we thought it would be an opportune time to provide you with a Year End Planning memorandum detailing key dates, recent reforms and tax planning opportunities for you and your business.
MGI Adelaide/CrowdProperty Australia
MGI Adelaide is hosting a live event on Wednesday 17 August 2022 for our SMSF and wholesale clients. Join us to hear from our superannuation services manager Michael Wang and our client, CrowdProperty Australia.
Year-End Planning- June 2022
With 30 June fast approaching, we thought it would be an opportune time to provide you with a Year – End Planning memorandum detailing key dates, recent reforms and tax planning opportunities for you and your business.
Success Her Way
In 2019 MGI Adelaide Director, Angela Robins and other members of the firm identified a need to build a community around supporting each other and the strong female leaders in their network and client base. From that idea Success Her Way was born.
What’s changing on 1 July?
What’s changing on 1 July? Company tax rate reduces to 26% for base rate entities Cents per km rate for work-related car expenses increase to 72 cents Expected reforms to allow 66 and 67 years olds to make voluntary superannuation contributions without satisfying the work test. This reform is not yet law. Age limit for […]
HomeBuilder: What is it and how do you access it?
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000 to eligible owner-occupiers, including first home buyers, to build a new home or substantially renovate their existing home. The grants […]
The Stimulus Package: What You Need To Know
Eligibility For The Scheme The Government has announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy. For business 1. Business investment Increase and extension of […]
Running Your Business from Home
The technology available to us today means that business activities can be performed from just about anywhere. Some of Australia’s most successful and well- known brands were started from someone’s kitchen, spare room or garage. Running a business from home is certainly a popular starting point especially for a small business that is starting out […]
Single Touch Payroll – What is it and does it affect me?
Written by Stephanie Hulme: Single Touch Payroll (STP) is a government initiative to streamline reporting requirements for businesses. If you employ 20 or more employees, this obligation will be compulsory from 1 July 2018. However, employers with less than 20 employees have the choice to implement STP. STP simplifies reporting because at the end of […]
Making a Payment Plan with the Australian Taxation Office
Written by Adam Taylor: There may be times when cash flow is tight and paying your tax bills on time may be difficult. In times like these, a payment plan with the Australian Taxation Office (ATO) to pay your debt over instalments may be an option. A payment plan can be set up online via […]
