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April 6, 2020

In this article we will provide further clarity on the governments Cash Flow Boost incentive.

As of today, legislation has not been passed on the Jobkeeper subsidy so we will refrain from providing any further detail on this subsidy until the law has passed.

We write to...

March 31, 2020

The Morrison government announced yesterday in response to the COVID-19 pandemic and its impact on the Australian economy, that a new subsidy program to support businesses and employees is being implemented from March 30th.

It has been named the JobKeeper Payment, and a...

March 12, 2020

The Morrison Government has announced yesterday a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the corona...

May 31, 2019

As the financial year draws to a close, clients often ask us what is the easiest way to save on tax.

Thanks to the federal government's recent law change, you can save even more on asset purchases this year.

You can now write off assets purchased after April 2nd 2019, up...

April 17, 2019

A massive congratulations to our senior accountant Kon Paraskevas for being nominated in two categories for the 2019 Australian Accounting Awards!

Kon has been nominated for the Accounting Consultant of the Year and Property Specialist Accountant of the Year awards.

The...

April 3, 2019

Yesterday the liberal government delivered its 2019 budget. So we have decided to put a quick list of who are the winners and who are the losers this year.

Winners

1. Low and middle income earners

Immediate income tax relief of up to $1,080 for singles and $2,160 for dual...

February 10, 2019

Starting on the 1st of July 2019, every employer - that's right - EVERY employer will need to a payroll system in place in order to comply with the ATO's new initiative, Single Touch Payroll (STP).

What is Single Touch Payroll?

Single Touch Payroll is a change to the way...

November 28, 2018

As the holiday season draws closer, many workplaces will be having their annual Christmas parties and purchasing gifts for their staff and customers.

But did you know that just because the business is paying for the gift, it does not mean that a tax deduction is always...

September 3, 2018

We are very proud to announce that MP Tax & Business Solutions has opened up a new office in South Melbourne!

Conveniently located on the corner of Clarendon Street and York Street, you can find our new offices in the Redmon Group Business Center.

A modern space located...

December 5, 2017

Cash flow is the oxygen of a business, without good cash flow a business suffocates. With GST payable every three months for most businesses and Income Tax payable every year it can be easy to lose track and fall into a cash flow hole.

Here we explain some methods that...

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©2017 by MP Tax & Business Solutions

3b/277 Heaths Rd, Werribee VIC 3030, Australia

68-72 York Street, South Melbourne VIC 3205, Australia

ABN: 48 805 620 565

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