M.Kay & Associates in Maroubra, New South Wales, Australia | Financial service

M.Kay & Associates

Locality: Maroubra, New South Wales, Australia

Phone: +61 481 146 154

Address: 242 Boyce Rd 2035 Maroubra, NSW, Australia

Website: http://www.mkayassociates.com.au

Likes: 300

Add/Update information

Reviews

Tags

• Accountant
• Financial service

25.01.2022 M.Kay & Associates is now proudly recognised as a CPA Australia Public Practice.

25.01.2022 New 5.0-star Review: "M.Kay & Associates have been brilliant to deal with. Always approachable and highly professional. They have always been really proactive and understood our business needs from day 1.I’d recommend their services to any business without hesitation."

24.01.2022 Confused by motor vehicle expenses? Working out motor vehicle expenses for your tax return can be tricky. The ATO has created a fact sheet to help you get your motor vehicle expenses right. Remember, registered tax agents and BAS agents can help you with your tax.... Download the Small business motor vehicle expenses: https://iorder.com.au/publication/searchpublications.aspx

24.01.2022 The ATO app puts tax and super help in your hand, making it easier for you to conduct your tax and super affairs on the go. myDeductions makes it easier and more convenient to keep your expense and income records in one place: If you are an employee, you can use myDeductions to keep records of your work and general expenses and to make lodging your tax return easier.... If you are not an employee, you can still record your general expenses, such as gifts and donations and the cost of managing your tax affairs. If you are a sole trader, you can use the myDeductions tool to keep records of your income and deductions. For more information, please refer to: https://www.ato.gov.au//In-deta/myDeductions/myDeductions/ or reach out to us for assistance with downloading and using this helpful app.

24.01.2022 The ATO is seeing an increased number of reports of scammers contacting members of the public pretending to be from the ATO and claiming that there are outstanding tax debts and threatening people with arrest if the debt is not paid immediately. While these scam calls may appear to be from the ATO with a spoofed caller ID, it is important to remember that a legitimate caller from the ATO will never: - threaten you with arrest... - demand immediate payment, particularly through unusual means such as bitcoin, pre-paid credit cards or gift cards - refuse to allow you to speak with a trusted advisor or your regular tax agent; or - present a phone number on caller ID If you are in any doubt about an ATO call, hang up and phone the ATO 1800 008 540 to check if the call was legitimate or report a scam.

24.01.2022 Buying residential premises or land? If you buy new residential premises or potential residential land, you now have to pay the GST directly to us as part of the settlement. https://www.ato.gov.au//Buying-residential-premises-or-la/

21.01.2022 New 5.0-star Review: "Mel is one of the best accountants in Sydney. She goes above and beyond and has surpassed our expectations. I would highly recommend her services."

20.01.2022 Australian Government Economic Stimulus Package in response to the Coronavirus

19.01.2022 Please be aware of this email scam that some of my clients have recently received. Scammers are sending fake ATO emails asking completion of a 'tax refund review' form to receive a refund. The form asks for online banking credentials, credit card numbers and limits, and personal address information. Do not click nor save the attachment as it may download malicious malware onto your computer. Do not disclose the personal information the form is requesting.

19.01.2022 Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. STP is pay day reporting by employers to the ATO as it happens, this reporting having started on 1 July 2018 for large employers (20 or more employees). https://www.ato.gov.au//Transition-to-Single-Touch-Payro/

17.01.2022 Have you ever thought about setting up a Self-Managed Superannuation Fund (SMSF) but weren't sure whether it was the right thing to do? If you set up a self-managed super fund (SMSF), you're in charge you make the investment decisions for the fund and you're held responsible for complying with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it. There may be better options for your super savings. Watch: Why do I want a S...MSF? https://youtu.be/RBj3A5i23kY See more

16.01.2022 For the benefit of our clients, we have briefly summarised the Australian Government's Economic Responses to the Covid-19 virus: http://www.mkayassociates.com.au/news

12.01.2022 We're proud to have 15 reviews and 5 stars on Google. Call us today and see what reviewers are excited about!

11.01.2022 A common question we get from clients is whether they would be better off as a contractor or an employee. There are many benefits for and against both. This link will help to explain some of these: https://www.business.gov.au//Series-Three/Information-fo/

11.01.2022 On 6 October 2020, as part of the 202021 Budget, the Australian Government announced a new incentive for businesses to employ additional young job seekers called the JobMaker Hiring Credit. The JobMaker Hiring Credit is administered by the ATO. Eligible employers can access to the JobMaker Hiring Credit scheme for eligible additional employees they hire between 7 October 2020 and 6 October 2021, for a maximum claim period of 12 months from their employment commencement date.... Through the JobMaker Hiring Credit scheme, eligible employers may receive payments of up to: $200 per week for each eligible additional employee aged 1629 years old inclusive. $100 per week for each eligible additional employee aged 3035 years old inclusive. Employers can register with the ATO now and make a claim for the first JobMaker period from 1 February 2021. If you would like help registering or claiming the Job Maker credit, please contact one of our offices, or please refer to: https://www.ato.gov.au//In-d/JobMaker-Hiring-Credit-guide/

11.01.2022 The end of the financial year is upon us again. Get in touch if we can assist with any of your personal or business tax needs www.mkayassociates.com.au or https://www.facebook.com/mkayassociates/

09.01.2022 In Australia, there is around $1.1 billion in unclaimed money. Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. This money becomes lost when you move house and forget to update your details with a financial institution or company. Use this simple tool to see if you have any unclaimed money: https://www.moneysmart.gov.au/tools-an/find-unclaimed-money

09.01.2022 Trading names are being removed from ABN Lookup http://www.mkayassociates.com.au/news

09.01.2022 The Tax Practitioners Board encourages individuals and small businesses who are seeking a tax or BAS agent to look for the Registered Tax Practitioner symbol and check if they are registered through the public register. M.Kay & Associates can be found on this register: https://www.tpb.gov.au/registrations_search

07.01.2022 Cryptocurrency records under review by ATO Find out more about the ATO's new cryptocurrency data matching work and what you need to know if you are investing or trading in cryptocurrencies. https://www.ato.gov.au//Cryptocurrency-2014-15-to-2019-20/

06.01.2022 On 6 October 2020 as part of the 202021 Budget, the Australian government announced that it will target support to businesses and encourage new investment through a loss carry back regime. Eligible corporate entities that previously paid corporate income taxes in a relevant year and have subsequently made taxable losses can claim a refundable tax offset up to the amount of their previous income tax liabilities. The law commences on 1 January 2021. If eligible, corporate entities can claim the tax offset in their tax returns for the 2020-21 and 2021-22 income years.

05.01.2022 It's that time of years again for Australian tax payers. A good (registered) Tax Agent will help you to maximise your refund, ensuring you don't forget to claim any eligible deductions. We would love to help you with this, so please get in touch.

03.01.2022 Do you own property in New South Wales that you don’t live in? You may have to pay land tax if you own or jointly own vacant land, a holiday home, an investment property or a commercial property. If this sounds like you, you should register online by Sunday 31 March or call Revenue New South Wales on 1300 136 816. https://www.revenue.nsw.gov.au/taxes-duties-levi//register