MM Consultancy in North Sydney | Professional service

MM Consultancy

Locality: North Sydney

Phone: +618277 4313

Address: Level 26 100 Mount Street 2060 North Sydney, NSW, Australia

Website: http://mmcpl.com.au

Likes: 100

Add/Update information

Reviews

Tags

• Professional service

16.01.2022 Covid 19 Stimulus Summary

12.01.2022 Covid 19 Stimulus Summary https://mailchi.mp/6b9cab1ab/covid-stimulus-package-2719366

11.01.2022 EOFY Tax Saving Tips 30th June is fast approaching and it’s that time of the year again when you should make sure that you have done what you could to minimize your tax liability. Before we see those strategies please see below some important points:-... 1. 30 June 2019 is a Sunday, so do not leave anything till last moment 2. Remember the 3 golden rules for work related deductions for your tax return (you must have spent the money, you should have not being reimbursed and it should be work related) 3. Keep the receipts for all deductions you claim for 5 years from the date you lodge the tax return if claiming more that $300 in total. 4. Single Touch Payroll is being legislated from 01 July 19, which means you will have your payment summary information in your mygov account after you are being paid 5. Check whether your employer is paying your 9.5% super on time (generally 28 days from the end of quarter) 6. It is more important than ever to consolidate your super accounts into one as if the account is not active for 16 months and is below $6,000 then the funds will be transferred to ATO. The major downfall is you will loose insurance cover. 7. If you are thinking of a change (in structuring or even accounting software) new financial year is a good time to action them 8. Maximum concessional super contributions threshold is $25,000 9. Instant asset write-off for small business is being increased to $30,000