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
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
Blog
Blogs
Dale Beck
  •  
11
 
December 2018

Simple ways to make Tax Time easy for Australian Truck Drivers

Simple ways to make Tax Time easy for Australian Truck Drivers

When you're a busy truck driver with your own business, it's often difficult to find a spare moment to even think about tax affairs, which is why it can feel like such a burden when it finally comes around.

Truck drivers
Blog
Blogs
Joel Thomas
  •  
28
 
November 2018

Six Tips to get the Cream of the Crop when hiring Fruit Pickers & Seasonal Farm Workers

Six Tips to get the Cream of the Crop when hiring Fruit Pickers & Seasonal Farm Workers

Subject to what your farm grows and the time of year your crops need to be harvested - employing temporary immigrant or seasonal workers for fruit picking or other seasonal farm work can be extremely beneficial for everyone involved.

Employees
Blog
Blogs
Murray Nankivell
  •  
14
 
November 2018

AFR Top 100 Accounting Firms

AFR Top 100 Accounting Firms

THANK YOU TO ALL OF OUR CLIENTS! You are the reason we are in the 2018 "Financial Review Top 100 Accounting Firms"

MNA Team
Blog
Blogs
Mark Edwards
  •  
7
 
November 2018

What Australian Consumers and Farmers have learnt from the Pins in Strawberry Scare

What Australian Consumers and Farmers have learnt from the Pins in Strawberry Scare

Unless you've been living under a rock, it's impossible to have missed the pins in fruit scare, which has severely impacted the strawberry farming industry. While social media initially fueled the Nation's fear due to fake images of pins in strawberries being posted, the Internet is now alive with people showing their support for affected farmers.

Economy
Farming