Insights

Welcome to our Insights on accounting, financial planning, and business advisory services. Whether you're a business owner, an individual seeking financial advice, or simply interested in the latest industry trends, our Insights offer valuable tips and strategies to help you succeed.

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Blog
Blogs
Murray Nankivell
  •  
3
 
December 2019

Face-lift for Bordertown Office

Face-lift for Bordertown Office

How good does our new turf look at Bordertown?Test Match Ready! Many thanks to Andrew Rowett from Sunnyside Instant Lawn for supplying the RTF Fescue turf; Dean Wendelborn for installing the turf and new watering system,

MNA Team
Blog
Blogs
Lewis March
  •  
23
 
November 2019

Australian Truck Driver Tax Deductions

Australian Truck Driver Tax Deductions

Tax deductions for Australian truck drivers are relatively straightforward. However, there are several common deductions you need to know about to ensure you get the best deal every year. We'll go over things you can claim and can't claim as a truck driver, below.

Tax deductions
Truck drivers
Blog
Blogs
Megan Inverarity
  •  
13
 
October 2019

ATO Amnesty on Employer SG Obligations

ATO Amnesty on Employer SG Obligations

Last month saw the resurrection of the proposed SG amnesty after the previous bill failed to pass through Parliament.

ATO
Superannuation
Blog
Blogs
Murray Nankivell
  •  
28
 
September 2019

Rick is Retiring

Rick is Retiring

After 40 years in the industry Rick has decided it is time to retire. Rick ran a successful accounting firm in Naracoorte for more than 25 years which he merged with Murray Nankivell last year.

MNA Team
Blog
Blogs
Megan Inverarity
  •  
6
 
May 2019

Superannuation Downsizer Contribution Scheme

Superannuation Downsizer Contribution Scheme

‍Christopher and Lyn are a retired couple in their seventies and are looking to sell their family home and buy a property by the coast. They've found a house that they like, but their current house hasn't sold. They have money in their super fund which they could withdraw to pay for the property, but they've worked hard over the years to build up their super assets and this is where they'd like to keep their wealth as they know that superannuation is the most tax effective environment for their retirement savings.

Superannuation
Blog
Blogs
Murray Nankivell
  •  
28
 
April 2019

New Visiting Office location in Millicent

New Visiting Office location in Millicent

We are moving to a different office location in Millicent. We are relocating into a great office space within the new home of the Millicent Veterinary Clinic at 62 Mount Gambier Road.

MNA Team
Blog
Blogs
Jon Mock
  •  
22
 
April 2019

Profit & Loss Statements - The Basics

Profit & Loss Statements - The Basics

A profit and loss statement is key to determining your business's taxes. It helps to determine your business's tax liability, and a simple mistake can end up costing you thousands.

Cash flow
Business finance
FAQs
FAQs
Leah Cother
  •  
8
 
April 2019

Single Touch Payroll for Employers

Single Touch Payroll for Employers

Single touch payroll will change the way businesses report salary/wages, PAYG withholding and superannuation information to the Australian Taxation Office. What is Single touch payroll and how big is the change?

Single touch payroll
PAYG
FAQs
FAQs
Leah Cother
  •  
8
 
April 2019

Single Touch Payroll for Employees

Single Touch Payroll for Employees

Single Touch Payroll is the ATO's latest compliance regulation that requires your employer to send employee payroll information to the ATO at the same time as they process a standard pay runs instead of at the end of financial year.

Single touch payroll
Record Keeping
Blog
Blogs
Joel Thomas
  •  
26
 
February 2019

What to Expect with new Division 7A Rules

What to Expect with new Division 7A Rules

Come 1 July 2019, it is likely that there will be higher interest rates, shorter loan terms and larger repayments being mandatory on all loans.

Business finance
Cash flow
Economy
Blog
Blogs
William Altmann
  •  
11
 
February 2019

Travel no longer Tax Deductible for Residential Rental Properties

Travel no longer Tax Deductible for Residential Rental Properties

Changes to tax legislation mean that travel to and from residential rental properties no longer apply; an amendment which came into effect on 1 July 2017.

Tax deductions
Property Investment
Blog
Blogs
Joel Thomas
  •  
19
 
December 2018

Farm Land Owners – Do you understand your asset structure?

Farm Land Owners – Do you understand your asset structure?

Farm Land prices are fetching record prices recently. Many farming asset holders have acquired land through succession or other forms of acquisition for a cost base which is significantly lower than the current values. In these instances there are often significant unrealised capital gains that can be triggered in the event of transfer or sale.

Farming
Asset Structure