by MT Corp | May 20, 2023 | Business Tips
Many things need to happen between the end of financial year (EOFY) and tax time. Note the below dates and deadlines to keep in mind, when getting tax ready. Key dates in June 30 June is EOFY. All new transactions from 1 July go into your FY23 books. The next month of...
by MT Corp | Feb 11, 2023 | Business Tips, Uncategorized
In recent years, artificial intelligence (AI) has become an increasingly popular tool for small businesses in Australia, to streamline their tax return processes. With the ability to automate many of the manual tasks involved in tax preparation, AI has the potential...
by MT Corp | Feb 6, 2023 | Business Tips, Uncategorized
As a business owner, it’s important to always be thinking about ways to improve and grow your company. One strategy that can be incredibly effective is investing back into your business. This can take on many forms, from upgrading equipment to hiring new...
by MT Corp | Nov 22, 2022 | Uncategorized, Updates
We’re now arriving at the final stage of Xero’s transition to STP Phase 2. Rolling out from late October, stage three introduces a new set of ATO reporting categories for use in your practice’s leave pay items. You will be notified within...
by MT Corp | Nov 5, 2022 | ATO Updates, Uncategorized
There is nothing in the 2022-23 Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity...
by MT Corp | Sep 19, 2022 | Business Tips, Uncategorized
Car Subscription is a newer concept to the Australian market and one that many consumers are now considering as a viable way to access their next car. Being referred to commonly as like “Netflix for Cars” Car Subscription gives customers more flexibility than...
by MT Corp | Aug 22, 2022 | Business Tips
New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT exempt Electric vehicles (EV) represent just under 2% of the new car market in Australia, but it is a rapidly growing sector with a 62.3% jump in new EV registrations between...
by MT Corp | Jul 28, 2022 | Uncategorized
What exactly is Xero you may ask? Xero is a fast, simple and powerful online accounting software for small businesses. It carries out bookkeeping functions like invoicing and payroll. Using a software such as Xero can incredibly speed up the accounting process, it...
by MT Corp | Mar 31, 2022 | Uncategorized, Updates
FOR YOU & YOUR FAMILY Temporary reduction in fuel excise From12.01am 30 March 2022 There are a few jokes going around social media about the price of fuel. As widely predicted, the Government will temporarily reduce the excise and excise-equivalent customs duty...
by MT Corp | Feb 27, 2022 | Business Tips
Traditionally, small business owners have been conditioned to be quite sceptical of debt. At best, they see it as a necessary evil and a means to an end when additional capital is urgently required. At worst, they believe it’s a sign of failure and something that...
