MKT News

2018 MKT Accountants Footy Tipping Results- Round 2113-Aug-2018

Congratulations to Hutcho! Hutcho topped our scoreboard this week with a score of 8 and a round marg..Read More

2018 MKT Corporate Footy Tipping Results- Round 2113-Aug-2018

Congratulations to Nick! Nick topped our scoreboard this week with a score of 7 and a round margin o..Read More

2018 MKT Accountants Footy Tipping Results- Round 2006-Aug-2018

Congratulations to Chris! Chris topped our scoreboard this week with a score of 9 and a round margin..Read More

2018 MKT Corporate Footy Tipping Results- Round 2006-Aug-2018

Congratulations to Chris ! Chris topped our scoreboard this week with a score of 9 and a round margi..Read More

2018 MKT Accountants Footy Tipping Results- Round 1930-Jul-2018

Congratulations to Mark Connor! Mark Connor topped our scoreboard this week with a score of 8 and a ..Read More

2018 MKT Corporate Footy Tipping Results- Round 19 30-Jul-2018

Congratulations to Sean Meakin! Sean Meakin topped our scoreboard this week with a score of 8 and a ..Read More

July 201825-Jul-2018

CGT Small Business Concessions - The $6M Net Asset Value Test Q: A client is sellin..Read More

2018 MKT Accountants Footy Tipping Results- Round 18 23-Jul-2018

Congratulations to Jaysen Miguel! Jaysen Miguel topped our scoreboard this week with a score of 8 an..Read More

2018 MKT Corporate Footy Tipping Results- Round 1823-Jul-2018

Congratulations to Demon Diehard! Demon Diehard topped our scoreboard this week with a score of 8 an..Read More

August 2018 Case Study19-Jul-2018

Restructures for SME Businesses The need to restructure your client’s SME busi..Read More

2018 MKT Accountants Footy Tipping Results- Round 1716-Jul-2018

Congratulations to royalpete! royalpete topped our scoreboard this week with a score of 7 and a..Read More

2018 MKT Corporate Footy Tipping Results- Round 1716-Jul-2018

Congratulations to IB! IB topped our scoreboard this week with a score of 6 and a round margin ..Read More

2018 MKT Accountants Footy Tipping Results - Round 16 09-Jul-2018

Congratulations to Garry Anderson! Garry Anderson topped our scoreboard this week with a score o..Read More

2018 MKT Corporate Footy Tipping Results- Round 1609-Jul-2018

Congratulations to Courtney! Courtney topped our scoreboard this week with a score of 9 and a ro..Read More

2018 MKT Accountants Footy Tipping- Round 1502-Jul-2018

Congratulations to Mel J. Mel J topped our scoreboard this week with a score of 6 and a round ma..Read More

2018 MKT Corporate Footy Tipping Results- Round 1502-Jul-2018

Congratulations to George! George topped our scoreboard this week with a score of 6 and a round ..Read More

2018 MKT Accountants Footy Tipping Results- Round 1418-Jun-2018

Congratulations to Ig*!! Ig*! topped our scoreboard this week with a score of 6 and a round marg..Read More

2018 MKT Corporate Footy Tipping Results- Round 1418-Jun-2018

Congratulations to Steve Burgess! Steve Burgess topped our scoreboard this week with a score of 6 an..Read More

Changes Proposed for Private Company Loans13-Jun-2018

As part of the recent Federal Budget the Government has stated that they are committed to amendi..Read More

GST Collected at Settlement for New Residential Premises and New Developed Land13-Jun-2018

The new GST withholding rules for New Residential Premises are now law and will apply from 1 Jul..Read More

New Rules for Residential Property Investors13-Jun-2018

New legislation is now in place to deny deductions for residential property investors on travel ..Read More

Tax Consolidating SME Groups13-Jun-2018

There is a common misunderstanding that the tax consolidation regime is for the “big end o..Read More

2018 MKT Accountants Footy Tipping Results - Round 1212-Jun-2018

Congratulations to Mel J! Mel J topped our scoreboard this week with a score of 6 and a round ma..Read More

2018 MKT Corporate Footy Tipping Results - Round 1312-Jun-2018

Congratulations to Run Benny Run! Run Benny Run topped our scoreboard this week with a score of 6 an..Read More

2018 MKT Accountants Footy Tipping Results - Round 1105-Jun-2018

Congratulations to Ian Moffat! Ian Moffat topped our scoreboard this week with a score of 9 and ..Read More

2018 MKT Corporate Footy Tipping Results - Round 1105-Jun-2018

Congratulations to Jus! Jus topped our scoreboard this week with a score of 9 and a round margin of ..Read More

May 201830-May-2018

Q: Is a SMSF able to claim reduced input tax credits on tax and audit fees incurred? A: Fr..Read More

2018 MKT Accountants Footy Tipping Results - Round 1028-May-2018

Congratulations to BUZZ! BUZZ topped our scoreboard this week with a score of 8 and a round marg..Read More

2018 MKT Corporate Footy Tipping Results - Round 1028-May-2018

Congratulations to Nick! Nick topped our scoreboard this week with a score of 7 and a round margin o..Read More

2018 MKT Accountants Footy Tipping Results - Round 921-May-2018

Congratulations to Mark Connor! Mark Connor topped our scoreboard this week with a score of 8 an..Read More

2018 MKT Corporate Footy Tipping Results - Round 921-May-2018

Congratulations to IB! IB topped our scoreboard this week with a score of 7 and a round margin of 3...Read More

2018 MKT Accountants Footy Tipping Results - Round 814-May-2018

Congratulations to Kim Wallman! Kim Wallman topped our scoreboard this week with a score of 8 an..Read More

2018 MKT Corporate Footy Tipping Results - Round 814-May-2018

Congratulations to Freo2Fold! Freo2Fold topped our scoreboard this week with a score of 7 and a roun..Read More

May 2018 Case Study14-May-2018

MKT's next Small Business Tax Case Study session will cover The New Division 7A. Whilst ..Read More

MKT Bulletin - 2018-19 Federal Budget Special09-May-2018

MKT’S TOP 10 THINGS YOU NEED TO KNOW ABOUT THE 2018/19 FEDERAL BUDGET Last nig..Read More

2018 MKT Accountants Footy Tipping Results - Round 707-May-2018

Congratulations to Harold Wai! Harold Wai topped our scoreboard this week with a score of 8 and ..Read More

2018 MKT Corporate Footy Tipping Results - Round 707-May-2018

Congratulations to George! George topped our scoreboard this week with a score of 8 and a round marg..Read More

2018 MKT Accountants Footy Tipping Results - Round 630-Apr-2018

Congratulations to Nick Nick topped our scoreboard this week with a score of 9 and a round margi..Read More

2018 MKT Corporate Footy Tipping Results - Round 630-Apr-2018

Congratulations to Nick Nick topped our scoreboard this week with a score of 9 and a round margin of..Read More

2018 MKT Accountants Footy Tipping Results - Round 520-Apr-2018

Congratulations to Anthea Anthea topped our scoreboard this week with a score of 7 and a round m..Read More

2018 MKT Corporate Footy Tipping Results - Round 520-Apr-2018

Congratulations to Courtney Courtney topped our scoreboard this week with a score of 8 and a round ..Read More

2018 MKT Accountants Footy Tipping Results - Round 412-Apr-2018

Congratulations to Chris who topped our scoreboard this week with a score of 8 and a round margin of..Read More

2018 MKT Corporate Footy Tipping Results - Round 412-Apr-2018

Congratulations to Chris Chris topped our scoreboard this week with a score of 8 and a round ma..Read More

2018 MKT Accountants Footy Tipping Results - Round 304-Apr-2018

Congratulations to Demon Diehard topped our scoreboard this week with a score of 8 and a round margi..Read More

2018 MKT Corporate Footy Tipping Results - Round 304-Apr-2018

Congratulations to Demon Diehard The Demon Diehard topped our scoreboard this week with a score ..Read More

2018 MKT Accountants Footy Tipping Results - Round 203-Apr-2018

Congratulations to Harold Wai topped our scoreboard this week with a score of 6 and a round margin o..Read More

2018 MKT Corporate Footy Tipping Results - Round 203-Apr-2018

Congratulations to Nic The Nic topped our scoreboard this week with a score of 6 and a round mar..Read More

March 201828-Mar-2018

SMSF’s and claiming reduced input tax credits Q: Given that a superannuation fund wil..Read More

2018 Accountants Footy Tipping - Round 126-Mar-2018

Congratulations to Tom Corlett Tom Corlett topped our scoreboard this week with a score of 9 and..Read More

2018 Corporate Footy Tipping - Round 126-Mar-2018

Congratulations to The Bombres The Bombres topped our scoreboard this week with a score of 9 and..Read More

Challenges in owning property with the new Non Concessional Contributions Caps.08-Mar-2018

Since 1 July 2017 once a member’s superannuation balance reaches $1.6 million they ar..Read More

Company Tax Rate Reduction for the 2015/2016 and 2016/2017 Years08-Mar-2018

In our previous QTB article, we discussed the Government’s proposed legislation for t..Read More

Property Industry Alert! - New GST Withholding Rules08-Mar-2018

To counter “phoenixing“ activities in the property industry, the Government announce..Read More

Start-Up ESS Concessions08-Mar-2018

Private companies often want to motivate, reward and ensure key employees stay with the business..Read More

February 201801-Mar-2018

Selling solar energy in your Superannuation Fund Q: My client has a property owned by their..Read More

2018 MKT PAN Conference15-Feb-2018

2018 PAN Conference Friday 6th April 2018 The UWA Club, Crawley MKT would like to invite..Read More

March 2018 Case Study24-Jan-2018

MKT's next Small Business Tax Case Study session will cover Property Investment in SMSF's. ..Read More

Breaking Australian Residency for Tax Purposes11-Dec-2017

We live in a more integrated world than ever before. As a result, the workforce is more glo..Read More

Keep Off the Commissioner's Christmas Wishlist11-Dec-2017

With the festive season and the 2018 new year approaching, here are a few target areas whic..Read More

Passive Investment Companies and the Lower Tax Rate - Take 3!11-Dec-2017

In our July and October 2017 PAN Member Tax Flashes, we noted that the Australian Taxation ..Read More

Payroll Tax - The often forgotten but painful tax11-Dec-2017

We have noticed in recent times the Office of State Revenue (”OSR”), have rampe..Read More

November 201720-Nov-2017

GST and entitlement to input tax credits Q: Can you claim the goods and services tax (GST) ..Read More

December 2017 Case Study17-Nov-2017

MKT's next Small Business Tax Case Study session will cover Tax Residency of Individuals, Compan..Read More

October 201720-Oct-2017

Dividends/Loans and Payroll Tax Q: Can payments made to shareholders by way of dividends (r..Read More

September 201721-Sep-2017

GST and Internet Supply Q: Are you liable to pay GST on the sale of the computer s..Read More

ATO Audit Alert - Change of use in Property Developments - Are you required to repay ITC's claimed?11-Sep-2017

The ATO has been actively pursuing developers large and small for failing to repay input tax cre..Read More

MKT Case Study - Tips and Traps in Using Trusts11-Sep-2017

MKT’s next case study will be presented by Sean Pearce and will discuss the recent development..Read More

Premium Accountants Network - New Subscription Period11-Sep-2017

Would you like Priority Access to Tax Advisors that spend every day dealing with Business Tax ma..Read More

Sub-Trust Arrangements Maturing 201811-Sep-2017

The ATO has recently released guidance in the form of Practical Compliance Guideline PCG 2017/13..Read More

The Business Continuity Test - Carrying on a Similar Business11-Sep-2017

The ATO released Draft Law Companion Guideline LCG 2017/D6 on 21 July 2017. This provides guidan..Read More

2017 MKT Accountants Footy Tipping Results - Round 2328-Aug-2017

Congratulations to Here for the Beer! Here for the Beer topped our scoreboard this week with a s..Read More

2017 MKT Corporate Footy Tipping Results - Round 2328-Aug-2017

Congratulations to rodlewis rodlewis topped our scoreboard this week with a score of 8 and ..Read More

2017 MKT Accountants Footy Tipping Results - Round 2221-Aug-2017

Congratulations to Ben Reynolds! Ben Reynolds topped our scoreboard this week with a score of 8 ..Read More

2017 MKT Corporate Footy Tipping Results - Round 2221-Aug-2017

Congratulations to Ben Reynolds Ben Reynolds topped our scoreboard this week with a score o..Read More

September 2017 Case Study16-Aug-2017

Tips and Traps in Using Trusts MKT are delighted to announce that our next Small Business T..Read More

2017 MKT Accountants Footy Tipping Results - Round 2114-Aug-2017

Congratulations to Jaysen Miguel! Jaysen Miguel topped our scoreboard this week with a score of ..Read More

2017 MKT Corporate Footy Tipping Results - Round 2114-Aug-2017

Congratulations to Steve Burgess! Steve Burgess topped our scoreboard this week with a scor..Read More

2017 MKT Accountants Footy Tipping Results Round 2007-Aug-2017

Congratulations to Japie! Japie topped our scoreboard this week with a score of 9 and a round ma..Read More

2017 MKT Corporate Footy Tipping Results - Round 2007-Aug-2017

Congratulations to Jamie! Jamie topped our scoreboard this week with a score of 9 and a rou..Read More

2017 MKT Accountants Footy Tipping Results - Round 1931-Jul-2017

Congratulations to Merv! Merv topped our scoreboard this week with a score of 9 and a round marg..Read More

2017 MKT Corporate Footy Tipping Results - Round 1931-Jul-2017

Congratulations to rodlewis! rodlewis topped our scoreboard this week with a score of 8 an..Read More

2017 Mkt Corporate Footy Tipping Results Round 1824-Jul-2017

Congratulations to Justin McGovern ! Justin McGovern topped our scoreboard this week with ..Read More

MKT Accountants Footy Tipping Results Round 1824-Jul-2017

Congratulations to Justin McGovern! Justin McGovern topped our scoreboard this week with a score..Read More

MKT Footy Tipping Results Round 1824-Jul-2017

Congratulations to Justin McGovern! Justin McGovern topped our scoreboard this week with a score..Read More

July 201720-Jul-2017

GST and in specie distribution Q: Will goods and services tax (GST) be payable on the supp..Read More

2017 MKT Accountants Footy Tipping Results - Round 1717-Jul-2017

Congratulations to Mark Connor! Mark Connor topped our scoreboard this week with a score of 8 an..Read More

MKT July 2017 Case Study14-Jul-2017

WA State Taxes MKT would like to announce that our next Small Business Tax Case St..Read More

2017 MKT Accountants Footy Tipping Results - Round 1610-Jul-2017

Congratulations to Lesley Crosbie! Lesley topped our scoreboard this week with a score of 8 and ..Read More

2017 MKT Corporate Footy Tipping - Round 1710-Jul-2017

Congratulations to m3@kin ! m3@kin topped our scoreboard this week with a score of 8 and a..Read More

2017 MKT Accountants Footy Tipping Results - Round 1503-Jul-2017

Congratulations to Pitto! Pitto topped our scoreboard this week with a score of 6 and a round ma..Read More

2017 MKT Corporate Footy Tipping Results - Round 1503-Jul-2017

Congratulations to Aida T! Aida T topped our scoreboard this week with a score of 6 and a r..Read More

June 201729-Jun-2017

Is this the “Sale of New Residential Premises”? A block of land..Read More

2017 MKT Accountants Footy Tipping Results - Round 1426-Jun-2017

Congratulations to Gary Day! Gary Day topped our scoreboard this week with a score of 8 and a ro..Read More

2017 MKT Corporate Footy Tipping Results - Round 1426-Jun-2017

Congratulations to Demon Diehard! Demon Diehard topped our scoreboard this week with a scor..Read More

2017 MKT Accountants Footy Tipping Results - Round 1319-Jun-2017

Congratulations to Jaysen Miguel! Jaysen Miguel topped our scoreboard this week with a score of ..Read More

2017 MKT Corporate Footy Tipping Results - Round 1319-Jun-2017

Congratulations to Rod W! Rod W topped our scoreboard this week with a score of 5 and a ro..Read More

2017 MKT Accountants Footy Tipping Results - Round 1213-Jun-2017

Congratulations to Spitter! Spitter topped our scoreboard this week with a score of 4 and a roun..Read More

2017 MKT Corporate Footy Tippng Results - Round 1213-Jun-2017

Congratulations to Aida T! Aida T topped our scoreboard this week with a score of 4 and a ..Read More

Countdown is on to new Superannuation landscape13-Jun-2017

With the changes to superannuation due to take effect on 1 July 2017 there are several thin..Read More

2017 MKT Trustee Resolutions09-Jun-2017

As you may be aware, trustees are required to have made their 2017 resolutions to distribute tru..Read More

GST on International Supplies of Goods and Services09-Jun-2017

There are two significant changes for non-residents doing business in Australia or supplying goo..Read More

Who should be assessed to interest on bank accounts?09-Jun-2017

On 26 April 2017, the Commissioner released Taxation Determination TD 2017/11, which outlines th..Read More

2017 MKT Corporate Footy Tipping Results - Round 1107-Jun-2017

Congratulations to M3@kin! M3@kin topped our scoreboard this week with a score of 5 and a ..Read More

2017 MKT Accountants Footy Tipping Results - Round 1106-Jun-2017

Congratulations to Spitter! Spitter topped our scoreboard this week with a score of 6 and a roun..Read More

2017 MKT Accountants Footy Tipping Results - Round 1029-May-2017

Congratulations to Nick! Nick topped our scoreboard this week with a score of 8 and a round..Read More

2017 MKT Corporate Footy Tipping Results - Round 1029-May-2017

Congratulations to Mighty Hawk! Mighty Hawk topped our scoreboard this week with a score o..Read More

2017 MKT Accountants Footy Tipping Results - Round 922-May-2017

Congratulations to Spitter! Spitter topped our scoreboard this week with a score of 7 and a..Read More

2017 MKT Corporate Footy Tipping Results - Round 922-May-2017

Congratulations to Steve Burgess! Steve Burgess topped our scoreboard this week with a sco..Read More

2017 MKT Accountants Footy Tipping Results - Round 815-May-2017

Congratulations to Gary Day! Gary Day topped our scoreboard this week with a score of 7 and..Read More

2017 MKT Corporate Footy Tipping Results - Round 815-May-2017

Congratulations to Terry Ball! Terry Ball topped our scoreboard this week with a score of ..Read More

Access to Super for First Home Deposit10-May-2017

Individuals will be able to make voluntary contributions into their superannuation of up to..Read More

Budget Deficit Levy and Medicare Levy10-May-2017

The Temporary Budget Deficit Levy of 2% will end effective 1 July 2017. However, the Government..Read More

CGT Changes to Foreign and Temporary Residents10-May-2017

There are some adverse changes to foreign and temporary residents in the Budget. ..Read More

CGT Discount Increased for Affordable Housing Investments10-May-2017

The CGT discount will be increased from 50% to 60% for Australian resident individuals inve..Read More

Depreciation Deductions Limited for Residential Rental Properties10-May-2017

The claim on depreciation for plant and equipment will be limited to outlays actually incur..Read More

Major Bank Levy10-May-2017

Finally, and technically number 11, whilst this measure will not directly impact our client..Read More

MKT Bulletin - 2017-18 Federal Budget Special10-May-2017

MKT’S TOP 10 THINGS YOU NEED TO KNOW ABOUT THE FEDERAL BUDGET Last nig..Read More

Other Superannuation Measures10-May-2017

LRBAs included in super balance and transfer balance cap The use of limi..Read More

Purchasers to Remit GST on New Residential Properties10-May-2017

Purchasers of newly constructed residential properties or new subdivisions will be required..Read More

Small Business CGT Concessions Tightened10-May-2017

An integrity measure will be introduced by the Government to ensure that the concessions ca..Read More

The $20,000 Immediate write-off for Small Businesses Extended10-May-2017

The Government will extend the current $20,000 immediate write-off of depreciating assets for Sm..Read More

Travel Expenses related to Residential Rental Properties Disallowed10-May-2017

Travel expenses incurred on inspecting, maintaining or collecting rent for a residential re..Read More

2017 MKT Accountants Footy Tipping Results - Round 708-May-2017

Congratulations to Joeing! Joeing topped our scoreboard this week with a score of 6 and a r..Read More

2017 MKT Corporate Footy Tipping Results - Round 708-May-2017

Congratulations to Aida T! Aida T topped our scoreboard this week with a score of 6 and a..Read More

2017 MKT Accountants Footy Tipping Results - Round 601-May-2017

Congratulations to Carmelc! Carmelc topped our scoreboard this week with a score of 7 and a..Read More

2017 MKT Corporate Footy Tipping Results - Round 601-May-2017

Congratulations to beno! beno topped our scoreboard this week with a score of 6 and a round..Read More

2017 MKT Accountants Footy Tipping Results - Round 526-Apr-2017

Congratulations to Jaysen Miguel! Jaysen topped our scoreboard this week with a score of 9 ..Read More

2017 MKT Corporate Footy Tipping Results - Round 526-Apr-2017

Congratulations to Donny Boy! Donny Boy topped our scoreboard this week with a score of 9 a..Read More

April 201720-Apr-2017

Would the sale of Guns be considered a “Collectable” for CGT Purposes? ..Read More

2017 MKT Accountants Footy Tipping Results - Round 418-Apr-2017

Congratulations to Spitter! Spitter topped our scoreboard this week with a score of 9 and a..Read More

2017 MKT Corporate Footy Tipping Results - Round 418-Apr-2017

Congratulations to Terry Ball! Terry Ball topped our scoreboard this week with a score of 9..Read More

2017 MKT Accountants Footy Tipping Results - Round 310-Apr-2017

Congratulations to JamesM! JamesM topped our scoreboard this week with a score of 6 and a r..Read More

2017 MKT Corporate Footy Tipping Results - Round 310-Apr-2017

Congratulations to Terry Ball! Terry Ball topped our scoreboard this week with a score of 5..Read More

2017 MKT Accountants Footy Tipping Results - Round 203-Apr-2017

Congratulations to anpaks! anpaks topped our scoreboard this week with a score of 9 and a r..Read More

2017 MKT Corporate Footy Tipping Results - Round 203-Apr-2017

Congratulations to DK! DK topped our scoreboard this week with a score of 9 and a round mar..Read More

2017 MKT Accountants Footy Tipping Competition27-Mar-2017

Congratulations to Orrsum! Orrsum topped our scoreboard this week with a score of 6 and a r..Read More

2017 MKT Corporate Footy Tipping Competition27-Mar-2017

Congratulations to DK! DK topped our scoreboard this week with a score of 7 and a round mar..Read More

March 201721-Mar-2017

Land Tax Planning Q: I have been told that if I sell a 1% interest in a property I own, it ..Read More

April 2017 Case Study - Superannuation Changes - Guide for Advisers14-Mar-2017

In our next Case Study Training session, Chris Schoeman will discuss the changes and what Accountant..Read More

Accountants Guide to Changes in Superannuation09-Mar-2017

AFSL Number 485223 With the changes to superannuation due to take effect on July 1, 2017 th..Read More

Claiming deductions for commercial website expenditure09-Mar-2017

It is increasingly common for small businesses to set-up and run a commercial website to promote..Read More

Property Contracts and GST (Beware of Contract Wording)09-Mar-2017

In A & A Property Developers Pty Ltd v MCCA Asset Management Ltd [2016] VSC 653, the Supreme..Read More

Two SME Hot Spots09-Mar-2017

There are a number of tax issues facing SME’s over the next 18 months that will need to be..Read More

Join our 2017 MKT Accountants Footy Tipping08-Mar-2017

MKT - Taxation Advisors would like to invite you to join our Accountants Network AFL Footy Tippi..Read More

2017 PAN Conference17-Feb-2017

2017 PAN Conference Friday 7th April 2017 The UWA Club, Crawley MKT would like to invite..Read More

February 201716-Feb-2017

Tax Concessions for New Zealand Citizens Living in Australia Q: Is a New Zealan..Read More

January 201719-Dec-2016

FBT and Division 7A on Vehicles in a Trust Q: My client is the trustee of..Read More

GST Dual Purpose - Rental Properties still 'New Residential Premise'09-Dec-2016

In AAT Case FKYL v FCT [2016] AATA 810 the Tribunal held that the properties where held for the ..Read More

New Years Resolution - Updating my Estate Plan09-Dec-2016

For a number of years we have been pushing our own HWI clients and private groups to start ..Read More

Superannuation Measures now Law09-Dec-2016

The Government have finally passed its changes to the superannuation system, so now as advisers ..Read More

November 201617-Nov-2016

Subcontractors Using Entities and Superannuation Guarantee (SG) Contributions Q: Is ..Read More

October 201618-Oct-2016

Forgiveness of Unpaid Present Entitlements (UPE's) Q: What are the tax implication..Read More

Tax Risk Management and Governance – Director’s Responsibility05-Oct-2016

The Australian Taxation Office (“ATO”) is showing increasing interest in unders..Read More

August 201623-Sep-2016

Superannuation Fund Contributions Q: What types of assets can I contribute to my sup..Read More

ATO Audit Alert07-Sep-2016

The ATO is currently focused on auditing input tax credits (ITCs) claimed on financial supp..Read More

Employee v Contractor - What if I get it wrong?07-Sep-2016

When you engage an individual as a contractor you may find that the individual is considere..Read More

Small Business Entity Changes Introduced07-Sep-2016

Last week the Federal Government introduced legislation into Parliament to give effect to its En..Read More

Tax Consequences of Trust Vesting07-Sep-2016

Most trusts have a limited life. When a trust comes to an end, it is said that the trust vests. ..Read More

Working in the Post Transitional AFSL period07-Sep-2016

The “accountants’ exemption” was removed from 30th June 2016 and this also rep..Read More

2016 MKT Trustee Resolutions02-Jun-2016

As you may be aware, trustees are required to have made their 2016 resolutions to distribut..Read More

Building Superannuation balances post the Federal Budget31-May-2016

With the changes to contribution caps announced in the recent May Federal Budget, buil..Read More

Reduced Corporate Tax Rate for Small Businesses31-May-2016

For small business entities operating in a company structure, the reduced corporate ta..Read More

Tax Disputes - Rule Number #131-May-2016

by Damian O’Connor BA LLB (Hons), Chartered Tax Adviser – Solicitor tax + law ..Read More

The New Small Business Restructure Rollover - Opportunities and Threats31-May-2016

The new Small Business Restructure Rollover (SBRR) applies from 1 July 2016 and its object is to..Read More

Community Updates30-May-2016

To date Registered with CPA Pro Bono (http://www.cpaaustralia.com.au/member-services/..Read More

Changes to taxation of director options may lead to refund entitlements27-May-2016

The ATO has been forced by a recent Federal Court decision to withdraw Tax Determination TD 2014..Read More

2016 Accountants Network Tax Flash - Federal Budget Special04-May-2016

We were promised tax reform…. Last night’s Federal Budget had..Read More

2016 MKT Annual PAN Conference15-Mar-2016

MKT are delighted to announce that the 2016 PAN Conference which is exclusive to Premium Account..Read More

Join our MKT Accountants Network Footy Tipping Competition!08-Mar-2016

MKT - Taxation Advisors would like to invite you to join our Accountants Network AFL Footy Tippi..Read More

Proposed Changes to Division 7A - Private Company Loans08-Mar-2016

Although this may be seen by some as old news, the Board of Taxation’s review of Division ..Read More

Small Business Restructure Rollover Relief08-Mar-2016

As part of the 2015 Federal Budget announcement, the Government announced that it would introduc..Read More

Tax Planning in March08-Mar-2016

The Federal Government previously announced that all tax policy will be reviewed to rein in the ..Read More

MKT Charity and Community Program07-Dec-2015

MKT are proud to announce the launch of our Charity and Community Program. At MKT, we are privil..Read More

Proposed small business restructure roll-over relief07-Dec-2015

Following the 2015 Federal Budget announcement, the Government has recently introduced draft leg..Read More

Tax and the Christmas Party07-Dec-2015

The costs (such as food and drink) associated with Christmas parties are exempt from FBT if they..Read More

The ATO's new ruling on Mineral Exploration Expenditure07-Dec-2015

In late October 2015 the ATO released a draft ruling on mining and petroleum exploration deducti..Read More

What does the ATO do if you are late paying your employee's super?07-Dec-2015

If an employer is late making the required amount of super contributions to an employee, the emp..Read More

Determining Market Value for the CGT Small Business concessions07-Sep-2015

The Capital Gain Tax (‘CGT’) Small Business concessions are one of the most generous..Read More

Rio Tinto Loses appeal in claiming ITCs Case07-Sep-2015

Rio Tinto Services Ltd v FCT On 24 August 2015, the Full Federal Court d..Read More

Time to act on licensing regime running out07-Sep-2015

The current Accountant’s exemption is due to run out in 9 months’ time meaning ..Read More

When was the last time you reviewed your clients will?07-Sep-2015

Estate Planning is often just ensuring that your client’s Will remains relevant and effect..Read More

CGT Treatment of Earnout Arrangements05-Jun-2015

An earnout arrangement is an arrangement whereby as part of the sale of a business, the buyer an..Read More

Clients with ATO debts05-Jun-2015

We have noticed a marked increase in the ATO’s enforcement activity in recent months in co..Read More

Small Business Measures from the federal budget05-Jun-2015

The Government’s cornerstone measures from this year’s Federal Budget are the raft o..Read More

Trustee Resolutions must be made by 30 June of each year05-Jun-2015

Amendments made to the tax law in 2011 detailing how trustees can distribute certain income, spe..Read More

Welcome changes to Employee Share Scheme (ESS) tax rules05-Jun-2015

Legislation changing the ESS tax rules for the better is currently before the Senate. If enacte..Read More

ATO puts the spotlight on Professional Firms04-Mar-2015

In September 2014, the ATO released “guidelines” entitled “Assessing the risk:..Read More

Can the Commissioner recover unpaid GST?04-Mar-2015

Can the Commissioner recover unpaid GST where he has been notified of an Entitlement to refund f..Read More

Non-Commercial Business Losses and the Commissioners Discretion04-Mar-2015

Where a taxpayer has made business losses in the course of carrying on a business as a sole trad..Read More

SMSF- The Target of ATO Audits04-Mar-2015

The Australian Taxation Office has declared that they will be targeting the Self-Managed Superan..Read More

WA Land Tax- Changes to the Primary Production Exemption04-Mar-2015

Legislation extending the current land tax exemption for primary producers in WA has been passed..Read More