Recent Posts by Peter Fawcett

Personal Income Tax Changes

The Government has secured enough support to enable their proposed amendments to the Personal Income Tax Bill to take effect. Under the new Bill the following changes will be made to personal tax rates:       • From 1 July 2018, the threshold for the 32.5 per cent tax rate will increase from $87,000 to $90,000…
Read more

Small Business Tax Tips

Small businesses may be eligible for a range of benefits this financial year. CPA Australia have put together 15 tax tips to help you out.   From reviewing your private company loans to paying employee bonuses, explore these 2018 tax tips now.
Read more

ATO Crackdown on Work-Related Expenses

  The Australian Taxation Office (ATO) has re-issued a timely reminder that it is increasing its focus on work-related expenses (WRE). The crackdown has emerged from concern taxpayers are "pushing the envelope" when it comes to claiming expenses. The crackdown isn't only due to a record increase in WRE claims, but it is now much more cost effective to review…
Read more

Superannuation Amnesty

The Australian Government has announced the introduction of a 12 month amnesty for historical underpayment of employee super entitlements. To comply with the amnesty guidelines,  employers must pay all that is owing to their employees,  including nominal interest. Penalties for late payment will not be applied during the amnesty period. However, Employers that do not take…
Read more

2018 Budget Wrap

What will the 2018 Federal Budget deliver for you? M+S Group Accounting don't pretend to have all the answers when it comes to the impact the proposed Budget changes will have on your day to day life, Australian Business or the overall economy. However, we recommend you read the following articles to help gain an understanding…
Read more

Back to Back Awards – Advance Computing

Front Row (L-R) Bryant Alford, Chris Motton and Mark Schumann Back Row (L-R) Joel Borellis, Steven Worrall (Microsoft Australia MD), Mark Leigh   Advance Computing has once again captured the attention of Microsoft Australia after winning the Transform your Product category (one of only five award categories) at the recent Microsoft Australia Partner Awards.  The company was…
Read more

2018 – Tax Changes

  The below checklist outlines significant changes that are scheduled to operate from the 2017/18 income year. In some cases, implementation of these changes will be dependent on the passing of necessary legislation.     SMALL BUSINESSES AND COMPANIES ƒFrom 1 July 2017, the concessional corporate tax rate of 27.5% will only be available for ‘‘base rate entities’’,…
Read more

Single Touch Payroll – Commences 1st July 2018

Single Touch Payroll starts from 1 July 2018 for employers with 20 or more employees. Through your payroll system you will be required to report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information each time you pay your employees. Subject to legislation being passed in parliament, From 1…
Read more

Staff Promotion

Reason to Smile - Maddy Kunowski is M+S Group's most recent employee to be elevated to Accountant. After years of study and dedication to M+S, Maddy has been recognised for her efforts as a Client Manager and promoted to being an Accountant. She will continue to work with Pete George's tax team but will also…
Read more

2017 Volunteer Event Sponsor – Challenge Shepparton

  M+S Group Accounting will once again help sponsor in excess of 300 volunteers over the weekend of November 11-12 for Challenge Shepparton. Challenge Shepparton is an annual triathlon event which offers a range of courses for     different fitness levels at picturesque Victoria Park Lake.   Not only is M+S Group Accounting a sponsor, we are entering both individuals…
Read more

Recent Comments by Peter Fawcett

No comments by Peter Fawcett yet.