Happy New Financial Year 2024

Happy New Financial Year 2024

MDB Taxation & Business Advisors Wishes You a Prosperous New Financial Year! As the new financial year begins, we at MDB Taxation & Business Advisors would like to extend our warmest wishes to all our valued clients, partners, and friends! The new financial...
Working from home tax deductions update

Working from home tax deductions update

Claiming tax deductions for working from home, by keeping the appropriate records to maximise your tax claims in your 2023 Tax Return. WHAT ARE THE KEY CHANGES FOR HOME OFFICE TAX DEDUCTIONS? From 1 July 2022, the ATO has explained that taxpayers who are working from...
Super changes apply- don’t get caught short

Super changes apply- don’t get caught short

To avoid additional costs (including the superannuation guarantee charge (SGC)), you must pay the right amount of super for all your eligible employees by the quarterly due date. Whether you’re paying super weekly, monthly, or quarterly it’s important to...
Single Touch Payroll update

Single Touch Payroll update

Phase 2 coming soon The ATO is expanding the information that businesses send through Single Touch Payroll (STP). From 1 January 2022, most employers will be required to send additional information such as the commencement date of employment and cessation date of...
Can I be released from my tax debts?

Can I be released from my tax debts?

As the economy adjusts to the removal of most COVID-19-related government support measures, coupled with the slow national vaccination rollout and mostly closed international borders, there is no doubt that many Australians are facing financial difficulties in the...