Mtwo Accounting Partners

17/10/2023

Claiming work from home deductions changed this year, check out this information on the ATO’s page

Did you (and your favourite furry co-worker 🐈) work from home this year? 👇

22/08/2023

Hey everyone! Let's talk taxes and financial responsibility today. Have you heard about a Taxable Payment Report (TPR)? It's a crucial document that certain businesses in the construction and building industry need to provide.

In simple terms, a Taxable Payment Report is a detailed summary that outlines payments made to contractors, subcontractors, and other service providers throughout the financial year. It helps the government keep track of payments made within the industry to ensure proper tax compliance.

If you're a business owner operating in construction, building, or related services, you might need to lodge a TPR. This report includes important info like the contractor's ABN, the amount paid, and other relevant details. It's a way of ensuring transparency and reducing the chances of tax evasion.

Remember, keeping accurate records and fulfilling your tax obligations is not only legally required but also contributes to a fair and robust economy. So, whether you're a contractor or a business owner, make sure you're aware of your responsibilities when it comes to Taxable Payment Reports!

As always, it's a good idea to consult with a tax professional or visit official government resources to get the most accurate and up-to-date information. Stay informed, stay responsible!

13/08/2023

Get organised for tax season!

As we all know, tax time can be a bit of a whirlwind, but this year, take charge and stay on top of things as you go.

Keeping organised records is the key to a simple and quick tax return at year end. Here's some things that might help:

Create Separate Folders: Sorting all receipts, invoices, and statements into separate folders for each expense category. This will make it a breeze to find what we need when it's time to collate your return.

Regular Updates: Instead of procrastinating, set aside a little time each week to update your records. That way, you won't be overwhelmed when lodgement deadlines roll around.

Digital is the Way: Going paperless this year! Scanning your receipts and documents so you can access them from anywhere and ensure they don't fade over time.

Work Expenses: Remembering to track work-related expenses, like completing a home office diary and kilometres. Every little deduction adds up!

Online Tools: Utilizing tax software and apps to help keep track of income, expenses, and potential deductions. Technology to the rescue!

Let's make your tax preparation easier than going to the dentist!

28/10/2021

We Are Hiring!!
We are looking for an Office Administration assistant and a Bookkeeper for our Baulkham Hills office. If you are interested, PM us your details and we'll be in contact.

10/10/2021

The Mtwo offices are looking forward to being open for business again from tomorrow the 11th October. We will be operating in accordance with public health order regulations and require all clients visiting the offices to;
- be double vaccinated and able to show their certificate.
- wear a mask
- check in when entering using our QR code

Please note that appointments are limited to reduce the amount of traffic into our offices, so please call ahead to book.

All of our staff are vaccinated and keen to be back in the office doing what we do best. Thankyou for your patience , loyalty and understanding.
We look forward to seeing you all soon!

15/09/2021

https://www.service.nsw.gov.au/campaign/covid-19-help-businesses

Service NSW is here to help businesses impacted by COVID-19. We’re working with federal, state and local government and the private sector to bring together all the support and services available to assist small business.

19/07/2021

Looking for the NSW Covid Business Grant, follow the link below to get to the Service NSW site for more information

If you’re a business, sole trader or not-for-profit organisation in NSW and you've been impacted by the recent COVID-19 restrictions, you may be eligible for a one-off grant of $7,500, $10,500 or $15,000. The 2021 COVID-19 business grant provides cash flow support for businesses that experienced r...

18/07/2021

With this new lockdown, we just want to let everyone know we are still operating but working from home.
We ask that everyone is patient with us while we navigate these difficult times.
We will endeavour to answer all calls and emails as soon as possible.
If you need to drop off or pick up any paperwork please contact us to discuss options.
Thank you all and stay safe

19/04/2021

Speak to us about these as part of your end of year tax planning

We have a range of new tax measures to help your business bounce back this tax time ✔️

🚛 Temporary full expensing allows you to claim deductions for your business’ assets.

⏪ Loss carry back allows you to claim a tax offset if you have made a tax loss.

Find out more at www.ato.gov.au/Business/Bus/JobMaker-Plan-temporary-measures/

01/04/2021

Wishing everyone a Safe and Happy Easter break. The Mtwo office will be closed from Friday 2nd April and will reopen on Tues 6th April.

21/03/2021

Please note that the Richmond office will be closed today in the interests of the safety of our staff trying to get to work.

We hope all our clients and friends are prepared and safe in this current flood emergency.