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MKM Accounting

Phone: +61 2 6021 8755

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25.01.2022 Merry Christmas from us all here at MKM. We thank you for your support and we trust that you have a happy and safe Christmas with your family. We look forward to seeing where your businesses will take you in 2016!

22.01.2022 We are very excited to be given the chance to see Paul Dunn in action again on the Border. MKM have 15 freebie tickets up for grabs (Usual cost $139). It's on tomorrow morning at the Albury Entertainment Centre, kick off at 8.50am. Contact Jenny at our office (02 6021 8755) to have the chance to learn how implementing the small things in business can make a HUGE difference!

22.01.2022 We've just given 3840 days of access to improved learning environments to children on B1G1. See our company's giving impact on B1G1 Business for Good Map. http://businessesforgood.com/index2.php?id=782898&id2=Impact

22.01.2022 The silly season is upon us and if you are going to look after your employees like we are with a great Christmas Party there are limits to what you can claim. Give us a call to make sure you are covered!

22.01.2022 A must read for any business owner!

21.01.2022 NEWSLETTER!!!! In this issue we review the budget changes that will affect you including:- Small business $20k write off. Extended wage subsidies for the over 50’s and under 30’s.... Capital gains tax relief for small business. Drought measures for farmers. Company tax rate cut to 28.5%. Tax cuts for business’s up to $1,000 per annum. Changes to family tax benefits Part A and also changes to child care subsidies. There is a section on keeping track of business growth and marketing as well as some info on a video chat tool called Room. Beware of ATO Scams via phone and email. Don’t open anything that looks suspect. Call us if you aren’t sure, especially if the emailer or caller is offering you some type of refund. Click the link (or copy and paste in your browser) below to access our end of financial year newsletter... http://mkm.net.au//06/MKM-Accounting-Newsletter-June-2015.

20.01.2022 No message was entered!

18.01.2022 Well done Jarrod! We are proud of your determination and what you are achieving!

18.01.2022 C/- Wodonga Chamber - The movie Bernie talks about in this short address will be great to go to! Thanks Bernie and staff for all that you do for our region!

15.01.2022 Effective 1st July 2015, the Fair Work Commission has decreed a 2.5% increase to minimum wages for all classifications. This decision will result in an increase for the new national minimum wage to $17.29 per hour. This may or may not affect staff you have currently employed. The rates can be viewed online at the Fair Work Australia website https://www.fwc.gov.au/

14.01.2022 Feeling a bit like this??? You don't have to! Come in and let us help you enjoy your business again.

13.01.2022 This would be amazing to go to!

12.01.2022 Please welcome our new addition to the office. We can now get our caffeine fix without leaving the building! Thanks David Schilg and Geoff Schilg for setting us up!

10.01.2022 Starting to sort out your 'life admin' for tax time? Once you have your documents sorted and ready to lodge your return, plan to get next year off to a strong start with our budget planner. Work out how much you could invest or save http://anz.co/OY2Iy

09.01.2022 Proud to be supporting our colleague Sarah Crothers for a great cause. Dance up a storm Sarah!!

09.01.2022 CONTRACTOR Vs EMPLOYEE A few reminders for employers. This is an area that can be very confusing. Especially if your mates down the pub give you conflicting advice! So here are a few highlights from info the ATO have put out on a fact sheet. 1. Just because a worker has an ABN does NOT make them a Contractor. 2. Just because "everyone" in an industry treats workers as contractors doesnt mean they have got it right. 3. The length of a job (short or long) or regularity of work ...makes no difference to whether a worker is an employee or contractor. 4. The 80% rule that applies to Personal Services Income does NOT apply if considering if a worker is an employee or contractor. 5. If the worker has a registered business name that does NOT make them a contractor. 6. Setting a worker up as a Contractor does NOT get you out of paying super guarantee for that worker. 7. Submitting an invoice does not make the worker a contractor. 8. If a worker in nature is legally an employee, a contract does not make them a contractor. Every employee is different and depends entirely on the working arrangement and the terms and conditions under which the work is done.

07.01.2022 CLAIMING MOTOR VEHICLE DEDUCTIONS From the 1st July 2015 car expense deductions for individuals were simplified. - The 12% of cost method was abolished as was the one-third of actual expenses method. - That leaves the cents per km (capped at 5,000km) and the Log Book method. - The cents per km method was simplified to use a standard rate of 66 cents per km for the 2015/2016 income year.... If you receive a car allowance from your employer (or you are an employer) you need to know that you must withhold PAYG Tax from any allowance paid to an employee above the 66 cents. If your'e not sure how this works or if it affects you then just ask!

06.01.2022 At MKM we have had a busy year with some steady growth. We hosted a very successful business development seminar in early December with Paul Dunn, attended by over 150 clients and associates. Our focus has been firmly on assisting our business clients to achieve better profits and greater growth.... To assist with our business development focus we now offer the following services to business clients:- Discovery Sessions- Find out what makes your business tick and what it takes to ramp it up to achieve your business and personal goals. Cash Conversion Cycle:- All businesses need cash to give space and to fuel growth. These sessions are designed to find that cash that is hidden in your business. Cash Flow Story:- What’s your story? What do your numbers really look like. These sessions drill down on what the numbers really mean and how to track the key numbers on a regular basis. We look at the impact of the power of one on your profit (using the 7 key business drivers) and by definition the value of your business. If you want to explore any of the above then by all means contact us for an appointment with Michael in the new financial year. Staff Role Changes:- In order to enhance our offering we will continue with our focus of helping small businesses grow and prosper. We see this as an important service that is lacking in our region. In order to continue this effectively we have made some minor role changes. Michael will lead up the Business Development Division so will move away from the day-to-day taxation side of the Business. Kirsten will head up the Tax/Compliance division and Sarah will handle the Individual returns. Sally, Jenny and Nicole will continue in their current roles. Sally as accountant support and tax specialist, Jenny in reception and administration (director of first impressions) and Nicole as client liaison in regard to tax deadlines, debt arrangements and BAS lodgements.

06.01.2022 We've just given 6960 days of access to improved learning environments to children on B1G1. See our company's giving impact on B1G1 Business for Good Map. http://businessesforgood.com/index2.php?id=782898&id2=Impact

04.01.2022 We've just given 15 people a special gift on B1G1. See our company's giving impact on B1G1 Business for Good Map. http://businessesforgood.com/index2.php?id=782898&id2=Impact

03.01.2022 Learning about what MYOB has in store for the future....