What is the right Australian business structure for your business? Sole trader, company, trust or partnership? It is not an easy decision to make; the wrong choice could be costly and put your assets at risk. So taking the time to evaluate your choices and make the right one is well worth it in the long run.

Mr Scott Morrison, the Federal Treasurer, handed down his third Budget on 8 May 2018. Being an election budget there were a number of sweeteners below that may be of interest to you.

The financial year is fast coming to a close and it is time to consider your potential taxation position before 30 June.

In this post we're going to explore some of the key strategies to planning for your agricultural business' success . Whether you're a small market garden growing vegetables or a large agriculture business exporting livestock, when it comes to growing a profitable and sustainable agriculture business planning is key to your success.

If you're a truck driver, you'll have heard that recently the ATO has made changes to the way you can claim meals. After working closely with those in the industry, the ATO has reinstated their previous meal-by-meal claims system. With so much change, it can be hard to keep track of exactly what you can claim, and for how much. That's why we've put it all together to help you keep track.

Working farms and agricultural properties, like all businesses, have unique tax deductible expenses when it comes to both the running of the property and capital gains tax (CGT).

We are pleased to announce that Mencel Business Services (MBS) will merge with Murray Nankivell from 1 July 2018. MBS have provided Accounting, Taxation and other business services out of Naracoorte, Robe and Kingston for over 25 years. MBS' Directors, Rick and Robyn Mencel, are planning for their retirement and have decided to merge with Murray Nankivell.

For medium to large scale businesses, 1 July 2018 will bring a huge change in how they report payroll information to the ATO. That's the date the Government will roll out Single Touch Payroll, their new streamlined reporting solution. This system will allow employers to report wages, salaries, withholding, workplace giving, and super information to the ATO at the same time they pay their employees.

Considering buying your own commercial business premises? As exciting as this is, there are many key factors to consider and decide upon before making your final decision.

In simple terms cash flow is "the cash you have coming in, and the cash you have going out." Now while the meaning of cash flow may be relatively simple, learning how to understand and manage cash flow is another thing entirely.