Mtwo Accounting Partners in Richmond, New South Wales | Local business

Mtwo Accounting Partners

Locality: Richmond, New South Wales

Phone: +61 2 4578 4333

Address: 134 March Street 2753 Richmond, NSW, Australia

Website: http://www.mtwo.net.au

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24.01.2022 Cancer affects so many of us in some way, either directly or through someone you know, love or care about. Lets continue to raise awareness to prevent, detect and treat this deadly disease.

23.01.2022 Some of our payments are taxable. This means you might need us to take tax out of your payment to avoid a debt with the Australian Taxation Office at the end of... each financial year. If you’re unsure how much tax you need to pay, you can use the tools on the Australia Taxation Office website to help you: https://www.ato.gov.au/Calculators-and-tools/ To find out more about setting up a tax deduction on your income support payment, watch the video below or there’s more information here: www.servicesaustralia.gov.au/taxonapayment

23.01.2022 Are you worried about the financial implications of Covid-19 on your business? Do you want to know more about how you can access the Govt Relief Initiatives? Do you want an update on the best place to buy toilet paper? Call us for a friendly chat, we are here to help (sorry, probably cant help with the toilet paper availability )

22.01.2022 Need to do repairs to your Investment Property due to the floods or fires? First check out this info from the ATO on repairs or give us a call

22.01.2022 Govt releases second $66.1bn additional stimulus package https://hubs.ly/H0nMmGy0

21.01.2022 Anyone claiming a tax deduction for work related motor vehicle expenses should read this. https://www.ato.gov.au//ATO-driven-to-scrutinise-car-clai/

21.01.2022 Sometimes the ATO has a sense of humour. This was from their facebook page in a little article about second jobs. Happy Star Wars Day everyone.

20.01.2022 https://www.ato.gov.au//Employers/Work-Christmas-parties/

20.01.2022 On the 1st July new payroll reporting obligations commence for all employers. We will be in touch with affected clients before then to work out the best way for you to comply. In the meantime: here is some information on the STP: https://www.ato.gov.au//Introducing-Single-Touch-Payroll/

20.01.2022 State Govt. stimulus packages are in addition to the Federal Govt ones, if you need help navigating what you are entitled to, contact your Client Manager or PM our page

20.01.2022 Lots of questions about this already, well keep you updated as more information comes to us

19.01.2022 The ATO small business benchmarks can be useful for seeing where your business stands in relation to similar ones, and can help identify areas where you are doing well, or where you may need to review expenses. https://www.ato.gov.au/Business/Small-business-benchmarks/

18.01.2022 RBA cuts rates today to 0.25%

16.01.2022 Further NSW tax concessions released today

15.01.2022 Lots of questions about this already, we’ll keep you updated as more information comes to us

15.01.2022 The Govt Stimulus package passed parliament on Monday night with only minor amendments, we have been busy getting all the information together about how everything will work. If you have or are being affected and need help please contact us to get further details.

14.01.2022 Note to all small business owners: this is one of the ATO initiatives to help with your business.

14.01.2022 Theres a rising trend of people working from home, and some costs may be deductible. Last year 6.7 million taxpayers claimed a record $7.9 billion in deduction...s for other work-related expenses, which included expenses related to working from home. Sometimes these claims are unfounded or unreasonable... An architect claimed 80% of his private mobile phone and home internet expenses as a deduction, but when questioned he provided non-itemised bills with no record of his calculations His employer was also unable to verify the extent to which he was required to use his private mobile and internet connection for work To read the result of this case and tips on acceptable working from home claims, visit www.ato.gov.au//M/Do-your-homework-when-working-from-home/

13.01.2022 Yes, Our offices are currently open. In this time of uncertainty we are doing everything we can to practice social distancing, however we understand that many clients are relying on us to get their work completed, help answer their financial and tax queries and help navigating the Govt & Bank assistance out there. We are asking clients to only visit our offices if it is absolutely necessary and if you are dropping information off there is a box at the front door for you to d...rop your information in. We also ask that if you are unwell, please do not attend our offices. The best way to get information to us will be by email as we will all still be online should we be forced to shut down the offices. The post boxes will still be attended to however this may happen only every second day. We will endeavour to keep you updated as much as possible. Stay safe and well. See more

13.01.2022 Beware of the Scams around at the moment

12.01.2022 Bill extending the $150k instant asset write-off until 31 December 2020 and access to the cashflow boost for some PSI entities passes Senate https://hubs.ly/H0rFvbH0

11.01.2022 Please be on alert: a few clients have had this call from the scammers. If you are ever concerned about a call from the ATO, please call us and we can confirm if it is a scam or not.

11.01.2022 Are you working from home now due to Covid-19? Start keeping a diary now of those hours to claim at the end of the year

11.01.2022 Its hard to believe but its almost the end of yet another financial year. Keep tuned in the new year for more posts : well focus first on the new tax rules coming into play on July 1st, and then general tax info. Please let us know if there is anything you would particularly like to see!

10.01.2022 If youve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if youre an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you dont need to pay tax on COVID-19 early release of super amounts, so you dont need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

10.01.2022 Has your Accountant recommended you think about getting a Depreciation schedule? This guide may give you some further details but always remember you can call your Client Manager about how this can help your personal tax situation.

10.01.2022 If you live in a bushfire affected area, you dont need to worry about your tax affairs right now. We know many Australian communities are doing it tough, and w...ere here to help you sort out your tax when youre ready. Were updating our website so you know how were supporting those who have been affected. Visit www.ato.gov.au/Individuals/Dealing-with-disasters

09.01.2022 This is a link to the ATO site to register an interest for the JobKeepers subsidy. ALSO be aware there are lots of scams going around, contact us and keep your wits about you

09.01.2022 #JobKeeper 2.0 to reduce to $1,200 and $750 depending on hours worked from 28 Sept 2020. Eligibility to be reassessed for continuing payments. See the details here: https://hubs.ly/H0sLRDG0

09.01.2022 For any of our farmers needing some help from the drought:

09.01.2022 If you’ve received a government stimulus payment this financial year, do you know whether you need to include it in your tax return? Different payment types are... reported differently: JobKeeper payments if you’re an employee these will be included on your income statement as salary and wages or an allowance. JobSeeker payments need to be included in your tax return and will also be included on your Centrelink payment summary. Accessed super you don’t need to pay tax on COVID-19 early release of super amounts, so you don’t need to include this in your tax return. No need to manually fill this out, most info will be automatically included in your tax return by late July. For more info about other income you need to report, visit www.ato.gov.au//Lodging-your-ta/In-detail/Tax-essentials/

09.01.2022 Some NSW businesses severely affected by the Covid-19 restrictions with turnover over $75k and under 19 employees may be able to access grants of up to $10,000.

07.01.2022 Are you in an affected Post code? Call us today to find out how we can help

06.01.2022 Please take note of the updated deadlines

04.01.2022 SCAM ALERT Be on the lookout for a new text (SMS) scam, which exploits the recent natural disasters and falsely claims people are entitled to a tax bonus. ... Dont click any links and dont give out your bank details, even if it looks convincing. Remember well never send a text asking you to access our online services via a link. Scammers try to take advantage of people when theyre vulnerable, and were doing what we can to shut these scammers down. Warn your friends and family, report any scams you receive, and visit our scam alerts page to learn more: www.ato.gov.au//Online-servi/Identity-security/Scam-alerts

03.01.2022 Mtwo at Richmond is supporting Jeans for Genes day. Pop into the office to purchase your badges etc.

01.01.2022 Some great things to think about for the Rat in all of us