Advisor

Unlocking the language of your business numbers

Unlocking the language of your business numbers

Presented by MWM Advisory Founder James Marshall, Know Your Numbers is a 3-hour masterclass instilling 10 hours of content into an insightful and entertaining seminar that will give you a new understanding of your business numbers, and how to use them to fine-tune, grow and succeed in your business.

Team member in the spotlight – Jake Turton

Team member in the spotlight – Jake Turton

In this series we’re spotlighting a different MWM Advisory team member each month, so you can get to know the team a little better. Say hello to Accountant, Jake Turton. “MWM Advisory has developed into an ambitious, motivating and diverse workplace. It is exciting to...

Know Your Numbers is back!

Know Your Numbers is back!

Presented by James Marshall, this 3-hour masterclass instils 10 hours of content into an insightful and entertaining seminar that will give you a new understanding of your business numbers, and how to use them to fine-tune, grow and succeed in your business.

Celebrate the End of Financial Year with your team and ours

Celebrate the End of Financial Year with your team and ours

The End of Financial Year (EOFY) is upon us. For business owners, like you and I, there are many moving parts to be aware of. There are yearly financial statements to create, taxes to pay, deductions to claim, and documentation to submit to the ATO.

Team member in the spotlight – Borim Choi

Team member in the spotlight – Borim Choi

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better.

Say hello to Borim Choi, Accountant.

30 June is coming – what’s your game plan?

30 June is coming – what’s your game plan?

End of Financial Year Tax Planning. While Covid-19 and the uncertain business landscape it created made planning difficult, what we can say with certainty at MWM is that in our experience those who had a plan have navigated the past two years more successfully than those who didn’t.

Join our team for the 2022 Gold Coast Marathon!

Join our team for the 2022 Gold Coast Marathon!

What better way to celebrate 30 June than by running a race! For an opportunity to have a laugh (and celebrate at the MWM afterparty), come join us for a fun day out in either the ASICS Half Marathon or the Gold Coast Airport 5km Fun Run on Saturday, 2 July 2022. Not...

Team member in the spotlight – Kento Waki

Team member in the spotlight – Kento Waki

“The team at MWM is made up of experienced professionals with years of knowledge that extends across many industries. I enjoy the people, the clients and the workplace as it is always fun and interesting for me and I have learnt so much.”

Welcome to partnership Darren Chan

Welcome to partnership Darren Chan

In todays world, hard work, perseverance, and being a good human are all things that are more and more difficult to find, and they aren’t recognised enough!

Let’s talk about NFTs

Let’s talk about NFTs

In brief, Non-fungible tokens (NFTs) are digital representations of assets — artwork, domain names, music, characters in games — created in limited quantities to maintain scarcity.

Team member in the spotlight – Breeanna Wilson

Team member in the spotlight – Breeanna Wilson

“I’ve always wanted a job and a career where I could help people and accounting offers me that. Working with the incredible team here at MWM, I get to meet and help business owners in all kinds of industries.”

Team member in the spotlight – Steven Stamatiou

Team member in the spotlight – Steven Stamatiou

“MWM has a dynamic team of professionals with experience across a lot of industries, so it has been a fantastic place for me to learn and grow. I feel very fortunate to start out within such a great team environment.”

Team member in the spotlight: Yuvraj Kapadia

Team member in the spotlight: Yuvraj Kapadia

Here at MWM we are very proud of our team. So,  we like to shine the light on a different MWM team member each month, so you can get to know our awesome people better.

Team member in the spotlight – Michael Chittick

Team member in the spotlight – Michael Chittick

“MWM advisory is where I want to be. After spending a number of years working in a ‘traditional’ accounting firm that was all about tax returns and compliance, I was really looking for a firm that was passionate about helping their clients achieve their goals.”

Resilience in numbers

Resilience in numbers

To our friends and colleagues out there supporting local business in these crazy economic times; you’ve done a great job. You all deserve a pat on the back! Professional advice is more critical than ever when trying economic times are adding to the pressure on...

$600 million package to help Queensland businesses

$600 million package to help Queensland businesses

Support is available if you are impacted by the Queensland lockdowns. The lockdown support client guide for Queensland businesses has been updated for the top-up grant funding announced by the Treasurer last week.  The Commonwealth and Queensland Governments...

Embrace, adapt and enjoy the change. Act now!

Embrace, adapt and enjoy the change. Act now!

The COVID-19 pandemic has been a massive wakeup call to businesses and organisations everywhere. It shows that change remains a constant and you cannot settle in for the slow grind, because major unforeseen events can occur, throwing a spanner in the works. You may...

Team member in the spotlight – Hayley Jaram

Team member in the spotlight – Hayley Jaram

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Client Manager, Hayley Jaram. What can you tell us about MWM Advisory? “MWM is very people focused. The company provides exceptional...

Have we lost the human touch?

Have we lost the human touch?

It may seem ironic to spell this out in a blog post, but the art of communication is being lost in the workplace because we just don’t talk anymore. Every day we are bombarded with more communication than we can handle. So much so, that we are suffering from...

New JobMaker incentives can help you employ young job seekers

New JobMaker incentives can help you employ young job seekers

With the roll-out of the JobMaker Hiring Credit scheme your business could potentially receive up to $10,000 over a year for each eligible additional employee hired. The Australian Taxation Office has outlined its plans that will assist eligible businesses to claim...

Do you have Audit Insurance?

Do you have Audit Insurance?

As the world returns to normal after the seismic shifts of 2020, the Australian Taxation Office (ATO) also returns to its standard practices including its audit activity. Australian taxpayers including businesses and individuals are regularly finding themselves at the...

8 Tips for Businesses to Thrive in 2021

8 Tips for Businesses to Thrive in 2021

Operating a business in any year is tricky (last year being an exceptional example). So, as we kick off a new year with renewed focus, we’ve gathered 8 insightful tips to help your business thrive in 2021. 1: Nurture your brand advocates Loyal customers spread the...

Online sales data under the ATO microscope

Online sales data under the ATO microscope

If you make more than $12,000 per annum through online sales then you could be liable to pay tax. The Australian Taxation Office’s (ATO) online selling data-matching program has been in place since 2008 and has recently opened the door to acquire data on sales via...

Our guide to accessing the new business stimulus incentives

Our guide to accessing the new business stimulus incentives

It’s been a difficult year for everyone – businesses included – and we’ve had to navigate a myriad of difficult economic, health and social upheavals. In response, with the release of the new Federal Budget, the Government announced a suite of business incentives in...

JobKeeper 2.0 has landed and new tests apply

JobKeeper 2.0 has landed and new tests apply

The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover. To receive JobKeeper 2.0 from 28 September 2020, eligible employers need to assess their decline in...

Time is running out on the Superannuation guarantee amnesty

Time is running out on the Superannuation guarantee amnesty

The superannuation guarantee amnesty, introduced by the Federal Government earlier this year on 6 March, will end next week. The amnesty allows employers the opportunity to disclose and pay previously unpaid super guarantee charge (SGC), including any interest they...

Team member in the spotlight:  Susan Manns

Team member in the spotlight: Susan Manns

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to SMSF Manager, Susan Manns. “MWM values people. The focus is on building relationships rather than just processing numbers. The team...

20/21 minimum wage increase is 1.75%

20/21 minimum wage increase is 1.75%

The Fair Work Commission has announced a 1.75% increase to the National Minimum Wage following its 2020 Annual Wage Review.  The increase will apply to the first full pay period on or after the dates below depending on the industry the award covers, a sample of which...

Planning is key to getting the best out of a challenging year

Planning is key to getting the best out of a challenging year

It's that time of year again and what an incredible year it has been! The changes have been rolling out thick and fast, and keeping up with them is enough to make your head spin. But June brings an end to our tax year and while that might seem like a burden right now,...

Free Beer and Champagne! + Free Webinar Sunday 29 March at 2PM (AEST)

Free Beer and Champagne! + Free Webinar Sunday 29 March at 2PM (AEST)

I hope this finds you, your family, and your team in good health and in good spirits. With a bit of a luck, the cheeky heading (sorry there is no free beer or champagne just yet…), coupled with a brand you know and trust, results in grabbing your attention. These...

Energy tips and vitamin shots for your business and FREE Webinar

Energy tips and vitamin shots for your business and FREE Webinar

We believe businesses are an extension of their owners, a reflection of their dreams and desires. As a business owner you put everything on the line to make the business work. At MWM we are confident that we can provide crucial advice and support for business owners...

How to avoid a login crisis when you change phones

How to avoid a login crisis when you change phones

Like it or not your mobile phone is akin to a set of keys – if you lose it or it becomes damaged you may find yourself ‘locked out’ of some business-critical applications such as Xero, MYOB, MyGov, MyGov ID, and banking apps. Apps like these often require a one-time...

No more AUSkeys from 31 March

No more AUSkeys from 31 March

If you currently use an AUSkey to access the ATO business portal to lodge your BAS or access the Small Business Superannuation Clearing House, you will need to set up a myGovID by 31 March 2020. Your myGovID lets you prove who you are when using government online...

Team member in the spotlight: Gillian Haseler

Team member in the spotlight: Gillian Haseler

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to, Client Services Coordinator, Gillian Haseler. “I enjoy working for such a progressive and proactive company. MWM Advisory promotes...

Cash crackdown puts small businesses under the spotlight

Cash crackdown puts small businesses under the spotlight

A Senate committee is currently considering banning cash payments over $10,000 between individuals and businesses in a move to crack down on the Black Economy. Although there is resistance to the proposal the real issue for many businesses is that all cash payments...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Kirsten Preece

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Information Management Accountant, Kirsten Preece. “Joining MWM Advisory has provided me with the opportunity to be a part of an...

ATO mobilises to ensure businesses comply with super obligations

ATO mobilises to ensure businesses comply with super obligations

Now that Single Touch Payroll (STP) has been introduced, the Australian Taxation Office (ATO) wants to bring employers up to speed with their superannuation guarantee obligations. STP came into effect for small business with 19 employees or less on July 1 this year,...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Antonette van der Berg

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Bookkeeper, Antonette van der Berg. “Modern. Dynamic. Innovative. These are the three words I would use to best describe MWM...

Is your business caught in the new TPAR net?

Is your business caught in the new TPAR net?

A special Australian Taxation Office reporting requirement once restricted to the building and construction industry has expanded in the past year, and that means more businesses need to take heed or risk potential penalties. In its efforts to create greater clarity...

Staying on top of WorkCover commitments

Staying on top of WorkCover commitments

For many employers WorkCover declarations can be confusing, especially if you aren’t aware of what is and isn’t defined as wages according to WorkCover Queensland. This means a lot of people get their WorkCover declarations wrong and this includes directors of...

Time to take advantage of GST concessions

Time to take advantage of GST concessions

Positive cashflow is a sign that things are running smoothly in your business, but that can sometimes be tough for smaller businesses. Seasonal demands may require a heavy investment in extra staff and increased inventory during the year and that can lead to an...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Tim Huett

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Manager, Tim Huett. “MWM Advisory is an exciting place to work. I believe the team here is really breaking new ground by partnering...

No more AUSkeys from 31 March

Get on top of new government tender rules

With $75 billion in contracts up for grabs last financial year, government tenders are a potentially lucrative source of new business. Tenders range from simple supply contracts worth thousands of dollars to major multibillion-dollar infrastructure projects. While the...

Game-changing rules for building industry

Game-changing rules for building industry

The Queensland construction industry has undergone a major shake-up in recent years aimed at shoring up confidence in the sector. The measures, triggered by a 2016 review of the industry, have effectively beefed up the powers of the Queensland Building and...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Jessica Outeiro

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to  Jessica Outeiro, SMSF Administrator. “MWM doesn’t just say we want to help people, we actually do it! We look after our clients as...

Adding value for clients in the digital world

Adding value for clients in the digital world

With the due date for your 2017/18 business tax looming, we thought it was the perfect time to showcase our MWM Advisory app and let you know about all the great things it does to make your life easier. Our free mobile app ties in with our passion for business...

Nowhere to hide with Single Touch Payroll

Nowhere to hide with Single Touch Payroll

Single Touch Payroll is giving employees greater transparency and the Australian Tax Office more control. Employees are losing out on millions every year in unpaid super thanks to a loophole that allows employers to hold back on superannuation contributions until the...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Lorraine Reid

In this series, we’re spotlighting a different MWM team member each month so you can get to know the team a little better. Say hello to Receptionist Lorraine Reid. “MWM Advisory has strong values that underpin the framework of a positive and healthy company. I feel...

MWM ADVISORY ANNUAL RACE DAY 2019

MWM ADVISORY ANNUAL RACE DAY 2019

Please join us at the Aquis Gold Coast Turf Club on Saturday 2nd March 2019 for a fun day of celebration and racing… And all for a good cause! You will enjoy an all-inclusive lunch and five-hour drinks package in the Turf Club’s exclusive Corporate Room, plus great...

How to get your finances under control this year

How to get your finances under control this year

Do you love or hate new year’s resolutions? A new year brings about the perfect opportunity to set yourself some positive intentions for the year ahead. What I don’t like about new year’s resolutions is the sense of failure if they are not achieved, which is why I...

Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Rebecca Menz

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Client Services Co-ordinator, Rebecca Menz. “I am so excited to be a part of a team who are passionate about working together to...

Single Touch Payroll is now mandatory for small business

Single Touch Payroll is now mandatory for small business

It’s official, Single Touch Payroll (STP) is coming for small business too. This month, the Senate passed the bill for STP to extend to businesses with 19 or less employees from 1 July 2019. This poses significant administrative changes for the small business sector...

Make your business plan actionable for long-term success

Make your business plan actionable for long-term success

So, you’ve heeded our advice, done your research and written your business plan. But what now – what is the crucial the next step?  As I stated in my last post, many people create business plans but then don’t follow them, resulting in a lack of vision for their...

Why you need a business plan and why you should stick to it

Why you need a business plan and why you should stick to it

We spend a lot of time talking about and managing numbers at MWM Advisory, but numbers are only part of the story of your business. What they are is a trailing indicator; they tell you what’s happened in the past. Imagine walking backwards through life only looking at...

Why your business should give back to the community

Why your business should give back to the community

Our directors Melanie Wear and James Marshall understand that to be leaders in the industry we must be active in our community and active in providing paid time for our staff to contribute to the community. You might say that’s not very accountant-like behaviour. But...

MWM Advisory’s EOFY best practice checklist

MWM Advisory’s EOFY best practice checklist

In this EOFY special, we’ve summarised the ‘key ingredients’ to maximise your available deductions as an individual or business For individuals: Donations are tax deductible. Make sure you keep the receipts for donations to approved charities. Offsetting realised...

The Numbers You Need to Know to Grow

The Numbers You Need to Know to Grow

MWM Advisory is proud to announce that we will be hosting a series of educational seminars as part of Queensland Small Business Week 2018, from 28 May to 1 June 2018. QSBW 2018 will give small business owners the opportunity to learn and acquire new ideas, skills and...

The Numbers You Need to Know to Grow

Register for MWM’s – Queensland Small Business Week seminars

Presented by MWM Advisory Director, James Marshall, and designed specifically for business owners, The Numbers You Need To Know To Grow  seminars will help you understand and transform your financials. These FREE educational seminars are not to be missed. Queensland...

Find out what the 2018-19 Federal Budget means for you…

Find out what the 2018-19 Federal Budget means for you…

  Election budget delivers tax cuts The Turnbull Government has released what is being painted as an election budget that includes income tax cuts for Australians in every pay bracket, furthers its plan for business tax cuts and commits $75 billion to...

The issues and challenges of Bitcoin and the Cryptocurrencies

The issues and challenges of Bitcoin and the Cryptocurrencies

Bitcoin is just one of a several virtual or cryptocurrencies that you would know of from news reports in recent months and its usage has increased worldwide. The currency is not regulated, nor is it managed by a central bank, instead relying on an open source...

Are you ready to start your own business?

Are you ready to start your own business?

Starting your own business could be one of the greatest and most important decisions you ever make. But, there is a difference between a great idea and a great startup. But, you’re no doubt aware that starting your own business can be challenging and it’s not without...

MWM Advisory Race Day and 5th Birthday Celebrations

MWM Advisory Race Day and 5th Birthday Celebrations

Come and join us as we celebrate our 5th birthday at the MWM Advisory Charity Race Day at the Aquis Gold Coast Turf Club on Saturday 3rd March. 2018 marks MWM Advisory’s 5th birthday, so this year’s race day will be an extra special celebration, packed with fun and...

Promoting productivity in your business

Promoting productivity in your business

Are you or your team constantly chasing your tail when it comes to ticking off your to-do list and getting meaningful work done? This ‘time-sucking black hole’ is common in business, and it’s hard to get out of the constant spiral if you don’t have the tools and...

What exactly is Single Touch Payroll and what do I need to do about it?

What exactly is Single Touch Payroll and what do I need to do about it?

As a business owner, you may have heard about Single Touch Payroll but now’s the time to really sit up and take notice. From 1 July 2018, all employers with 20 or more employees (considered a ‘substantial employer’) will be required to use the Single Touch Payroll...

Managing cash flow and collecting debts over the festive period

Managing cash flow and collecting debts over the festive period

With Christmas right around the corner, it can be a tricky time in terms of managing cash flow. During the festive season, many SMEs are at their busiest, but it’s a time that also puts a strain on resources and cash flow. To ensure your business remains in good shape...

When business owners retire

When business owners retire

Baby boomers make up around one quarter of the Australian population, and they are hitting retirement age right now. For the business owners in this cohort, retirement planning comes with added complexity. Retirement is a question that many business owner-operators...

Super cap puts SMSF accounting practices under the spotlight

Super cap puts SMSF accounting practices under the spotlight

The new $1.6 million superannuation cap has created several issues for self-managed super funds (SMSFs), particularly surrounding the method used to calculate exempt current pension income (ECPI). Under the new cap, many SMSFs that were previously entirely in pension...

Is a self-managed super fund right for you?

Is a self-managed super fund right for you?

Have you ever looked at the annual return from your retail or industry superannuation fund with disappointment, and the feeling you could have done better yourself? Evidently, many Australians have felt the same way in recent years, as self-managed super funds (SMSFs)...

Tax time: ATO cracking down on work-related expenses

Tax time: ATO cracking down on work-related expenses

The Australian Tax Office (ATO) has sounded a warning to individuals that it will be closely monitoring work-related expense claims this financial year. The department says that it is individuals, and not corporates, who are on the watch list this year, with dubious...

What you need to know this End of Financial Year

What you need to know this End of Financial Year

It’s tax time, and there are several changes that will come into effect on July 1 that you need to be aware of in order to optimise your personal and business tax affairs. MWM Advisory is across the latest rules and regulations, so that you don’t have to be. Below is...

How to stop your tax debt impacting your credit rating

How to stop your tax debt impacting your credit rating

Outstanding tax debts could threaten your business credit rating from July when the Australian Tax Office is allowed to disclose information to credit agencies. The new rule was announced in late 2016 as part of the Mid Year Financial Outlook released by the Federal...

Find out what the 2017-18 Federal Budget means for you…

Find out what the 2017-18 Federal Budget means for you…

On Tuesday night the Australian Government handed down its Federal Budget for 2017. It’s important that you take the time to understand what the Budget proposals mean – and how they might affect you personally, particularly if you are a business owner, the owner of an...

Get ready – huge superannuation reforms are coming

Get ready – huge superannuation reforms are coming

Sweeping changes to superannuation contribution rules will begin on 1 July and affect people at all ends of the earnings spectrum. There have been hundreds of changes to super contribution rules over the years, but no previous reforms have so dramatically affected...

EOFY: Why you need a profitability plan for your business now

EOFY: Why you need a profitability plan for your business now

MWM Advisory’s guide to budget preparation to get your business into shape for EOFY I’m sure you’ve heard about the importance of having a budget, but in a recent survey, MWM Advisory found that only 34 per cent of business owners had one. That’s a terrible statistic...

How to choose the right accountancy software for your business

How to choose the right accountancy software for your business

With EOFY year fast approaching, it's never been more important to ensure your business is getting the most out of its accounting software. That's why we've created the MWM Advisory guide to accounting software selection, setup and conversion. Too many businesses...

Take advantage of the extension on the $20,000 instant asset write off

Take advantage of the extension on the $20,000 instant asset write off

The popular $20,000 instant asset write-off for small business entities, which enables small businesses to immediately write-off depreciable assets costing less than $20,000, is now accessible to 90,000 more businesses. Until recently, this instant write-off was only...

Do you want a better understanding of your business numbers?

Do you want a better understanding of your business numbers?

Numbers are the language of a business. They show what’s working and what’s not. But too many business owners don’t understand their numbers and find them complicated and confusing. If numbers are a language then a Chief Financial Officer is the translator. The CFO...

Do you want to minimise your tax?

Do you want to minimise your tax?

Every year, leading up to June 30, it’s a good time to remember Kerry Packer’s infamous maxim: "If anybody in this country doesn’t minimise their tax, they want their heads read". The extraordinary lengths multinational companies are going to in order to reduce their...

How to make the most of digital disruption in your business

How to make the most of digital disruption in your business

In this digital age, businesses continually need to adapt, evolve and innovate in order to work smarter, access new digital technologies and engage with a global economy. Ongoing digital disruption means that businesses that don’t adapt will find they fall behind,...

New rules for employers of backpackers

New rules for employers of backpackers

How the changes to the backpacker tax rate will affect you. From the 1st of January 2017 employers who employ, and those who intended to employ, backpackers are required to register with the Australian Taxation Office (ATO) and are subject to withholding a new tax...

ATO services drop out and what this means for you

ATO services drop out and what this means for you

The ATO’s services drop out at the end of last year has caused a major ongoing headache for both businesses and their accountants. Businesses have been impacted in the following ways: Intermittent outages to the Business Portal and Tax Agents Portal Delays in...

How to properly manage business growth

How to properly manage business growth

If you are entering a growth phase in your business it’s usually because you’ve done something right and customers are interested in your product and / or service. But at some point you will reach the limit of your business capacity, running out of human power,...

Key tax considerations when selling a business

Key tax considerations when selling a business

We all know selling or planning to sell a business brings with it many considerations, and that the likely tax outcomes are key among those factors. Whether or not tax is payable (and how much tax) on the sale of a business can make a huge difference to the amount of...

10 questions a first-time business buyer should ask – Part 1: You

10 questions a first-time business buyer should ask – Part 1: You

In this three part series we will cover the things you need to do when buying a business. ‘Part 1: You’ covers the key points you need to consider as a first priority. Looking at buying a business? More and more frequently, we hear stories of people leaving their...

Businesses should re-examine structure to benefit from business upturn

Businesses should re-examine structure to benefit from business upturn

With predictions indicating that the Queensland economy will continue to strengthen in the coming new year, small and medium sized businesses (SMEs) should investigate their business’s structuring to reap the full potential benefits of the upturn. Asset protection and...

Selling a business? 5 things you need to know

Selling a business? 5 things you need to know

When selling your business, getting the best possible price can mean the difference between reaping the rewards of years of hard work, or simply letting it go to cover your costs. You’ll also need to consider how selling your business will affect your personal and...

How to become an innovative business

How to become an innovative business

‘Innovation’ is a bit of buzzword at the moment but what does it really mean and how does it apply to the every day? One definition says that innovation is the ‘process of translating an idea or invention into a good or service that creates value and satisfies a...

Got a tax debt? Watch out! The ATO is coming for you

Got a tax debt? Watch out! The ATO is coming for you

Owe money to the Australian Tax Office (ATO)? It’s time to start sweating. Money owed to the tax office has blown out by 21 per cent in just four years. Sitting at $35.3 billion, that’s more than half of the annual GST take and more than both the annual education...

How to kick-start your business’ growth

How to kick-start your business’ growth

As a business owner, you wear many hats - often on a daily basis. You’re the general manager, marketing manager, entrepreneur and financial controller. You oversee a number of different departments, with duties ranging from the very large (decisions and strategies) to...

No longer need your company? You should think about deregistering it

No longer need your company? You should think about deregistering it

If you’ve stopped trading your company and don’t plan to do so again, it’s a wise idea to close your company. Why? If you don’t officially close your company – so it ceases to exist as a legal entity and can’t carry on business – you will still have to meet your...

A clean balance sheet enables proactive decision-making

A clean balance sheet enables proactive decision-making

Are you planning to review your profit and loss statement from your accounting software this financial year? Then you better make sure you have a clean balance sheet. Most business owners judge the performance of their business during the year by looking at their...

EOFY best practice – an MWM Advisory special

EOFY best practice – an MWM Advisory special

With June 30 looming, it’s again time to quote Kerry Packer’s infamous maxim: ‘If anybody in this country doesn't minimise their tax, they want their heads read’. And Mr Packer would advise you to move fast – the window is closing on opportunities to minimise your tax...

Turning basic maths into profit

Turning basic maths into profit

For most business owners, steering their enterprise to success is about seeing opportunity and building relationships. They prefer to leave the hardcore mathematics around profit and turnover to their bookkeeper and accountant and focus on the big picture. But two big...

10 tips to avoid an ATO audit

10 tips to avoid an ATO audit

With the end of financial year approaching, now’s the time to review your current financial practices to make sure you’re in line with the Australian Taxation Office’s (ATO) compliance program. MWM Advisory director Melanie Wear says it’s important for businesses to...

MWM Advisory’s EOFY best practice checklist

Do you have a financial plan for next year?

With end of financial year fast approaching, now is the ideal time to start planning for the new financial year. I’m sure you’ve heard the saying, ‘failing to plan is planning to fail’, yet many business owners still fail to plan their financials each year. We...

What the 2016-17 Federal Budget really means for you

What the 2016-17 Federal Budget really means for you

Find out what the 2016-17 Federal Budget really means for you... The 2016-17 Federal Budget is a budget of targets – broad targets to boost business and innovation, and the narrow revenue targets of the wealthy and multinationals. It’s a big, long-term crafted budget...

Seminar a huge success!

Seminar a huge success!

Thank you to everyone who joined us the seminar earlier this month. We had a full house and it was great to see everyone who attended learn so much they could apply to their businesses. On the day, attendees learnt what the key numbers mean and how they can use them...

How to develop an exit strategy… and why you need one

How to develop an exit strategy… and why you need one

You might be wondering why we’re talking about developing an exit strategy when we just gave you our top tips for starting a business. Well, it’s because exit planning should begin with the formation of a business. To build a saleable business, you need to plan ahead....

7 top tips for starting your own business

7 top tips for starting your own business

Starting your own business can be a very scary prospect, but it’s also exciting and liberating to be embarking on something that is solely yours. If you’ve done the due diligence, crunched the numbers and are confident of your business’ viability, well done. But as...

Workplace trends for 2016

Workplace trends for 2016

No matter the size of your business (trends seen in the largest companies should be championed by the smallest), all enterprises need to be in touch on workplace trends to ensure they are up-to-date with the most in-demand skills. Below is MWM Advisory’s guide to the...

You’re invited to join us at the MWM Advisory Race Day!

You’re invited to join us at the MWM Advisory Race Day!

Please join the MWM Advisory directors and team at the Gold Coast Turf Club on Saturday February 20 for a fun day of racing and networking... all for a good cause! Enjoy an all-inclusive lunch and five-hour drinks package in the turf club's exclusive Corporate Room,...

How to cultivate your greatest financial asset

How to cultivate your greatest financial asset

Whether you’re 25 or 65, superannuation is most likely your greatest financial asset. While super presents a more tax-efficient income strategy than property, you need to make sure you cultivate your super in order to make it worthwhile. The earlier you can start...

Creating a culture of accountability in your business

Creating a culture of accountability in your business

Businesses revolve around customers – and you need to be confident that your key stakeholder is being serviced well. If you don’t build a culture of accountability, one that you and your employees uphold, it will soon start affecting the conduct of your employees and...

Time is running out to get SuperStream-ready

Time is running out to get SuperStream-ready

By the end of this month, SuperStream will become mandatory for all employers. If you’re yet to cross SuperStream off your to-do list, now’s the time. Simply put, as of 30 June 2016, all Australian employers need to be using SuperStream to pay their employees’ super....

Free Beer and Champagne! + Free Webinar Sunday 29 March at 2PM (AEST)

Exciting news from MWM…

We have some exciting news but we need your help to make it happen... Early next year we are going to be holding education seminars for business owners on how to understand your financials. Numbers are the language of business. They show what's working and what's not....

Buying a business? Here’s what you need to know.

Buying a business? Here’s what you need to know.

Buying an existing business can be a great opportunity – you can hit the ground running without the disadvantages of starting from scratch. An existing business provides you an already-loyal customer base, regular cashflow and (hopefully) a well-known business name....

$600 million package to help Queensland businesses

Client Newsletter – February 2015

Welcome to the first MWM Advisory newsletter for 2015, where we start the year with a broad spread of topics – who says you can’t please all the people all the time? This month our newsletter topics include: 〉 A recent ATO notification raised concerns that some...

ATO mobilises to ensure businesses comply with super obligations

Client Newsletter – December 2014

Welcome to our final newsletter for 2014, another deposit of analysis and information on a range of taxation and reporting issues relevant to businesses and individuals. This month we look at new legislation such as: 〉 On April 1, 2015, the Fringe Benefits Tax...

8 Tips for Businesses to Thrive in 2021

Client Newsletter – November 2014

Welcome to our November newsletter, packed again with analysis on a range of taxation and reporting issues relevant to businesses and individuals. This month we drill into current topics including: 〉 The potential tax implications of Airbnb. It’s wildly popular and...

Cash crackdown puts small businesses under the spotlight

Foreign Income Sources in Focus

The Gold Coast Bulletin recently approached MWM Advisory director Melanie Wear for her expert opinion on the new Tax Office powers to investigate undeclared offshore assets and income. See the image above for the feature article that appeared in the Gold...

Unlocking the language of your business numbers

Unlocking the language of your business numbers

Presented by MWM Advisory Founder James Marshall, Know Your Numbers is a 3-hour masterclass instilling 10 hours of content into an insightful and entertaining seminar that will give you a new understanding of your business numbers, and how to use them to fine-tune, grow and succeed in your business.

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Team member in the spotlight – Jake Turton

Team member in the spotlight – Jake Turton

In this series we’re spotlighting a different MWM Advisory team member each month, so you can get to know the team a little better. Say hello to Accountant, Jake Turton. “MWM Advisory has developed into an ambitious, motivating and diverse workplace. It is exciting to...

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Know Your Numbers is back!

Know Your Numbers is back!

Presented by James Marshall, this 3-hour masterclass instils 10 hours of content into an insightful and entertaining seminar that will give you a new understanding of your business numbers, and how to use them to fine-tune, grow and succeed in your business.

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30 June is coming – what’s your game plan?

30 June is coming – what’s your game plan?

End of Financial Year Tax Planning. While Covid-19 and the uncertain business landscape it created made planning difficult, what we can say with certainty at MWM is that in our experience those who had a plan have navigated the past two years more successfully than those who didn’t.

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Join our team for the 2022 Gold Coast Marathon!

Join our team for the 2022 Gold Coast Marathon!

What better way to celebrate 30 June than by running a race! For an opportunity to have a laugh (and celebrate at the MWM afterparty), come join us for a fun day out in either the ASICS Half Marathon or the Gold Coast Airport 5km Fun Run on Saturday, 2 July 2022. Not...

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Team member in the spotlight – Kento Waki

Team member in the spotlight – Kento Waki

“The team at MWM is made up of experienced professionals with years of knowledge that extends across many industries. I enjoy the people, the clients and the workplace as it is always fun and interesting for me and I have learnt so much.”

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Welcome to partnership Darren Chan

Welcome to partnership Darren Chan

In todays world, hard work, perseverance, and being a good human are all things that are more and more difficult to find, and they aren’t recognised enough!

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Let’s talk about NFTs

Let’s talk about NFTs

In brief, Non-fungible tokens (NFTs) are digital representations of assets — artwork, domain names, music, characters in games — created in limited quantities to maintain scarcity.

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Team member in the spotlight – Breeanna Wilson

Team member in the spotlight – Breeanna Wilson

“I’ve always wanted a job and a career where I could help people and accounting offers me that. Working with the incredible team here at MWM, I get to meet and help business owners in all kinds of industries.”

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Team member in the spotlight – Steven Stamatiou

Team member in the spotlight – Steven Stamatiou

“MWM has a dynamic team of professionals with experience across a lot of industries, so it has been a fantastic place for me to learn and grow. I feel very fortunate to start out within such a great team environment.”

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Team member in the spotlight – Michael Chittick

Team member in the spotlight – Michael Chittick

“MWM advisory is where I want to be. After spending a number of years working in a ‘traditional’ accounting firm that was all about tax returns and compliance, I was really looking for a firm that was passionate about helping their clients achieve their goals.”

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Resilience in numbers

Resilience in numbers

To our friends and colleagues out there supporting local business in these crazy economic times; you’ve done a great job. You all deserve a pat on the back! Professional advice is more critical than ever when trying economic times are adding to the pressure on...

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$600 million package to help Queensland businesses

$600 million package to help Queensland businesses

Support is available if you are impacted by the Queensland lockdowns. The lockdown support client guide for Queensland businesses has been updated for the top-up grant funding announced by the Treasurer last week.  The Commonwealth and Queensland Governments...

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Embrace, adapt and enjoy the change. Act now!

Embrace, adapt and enjoy the change. Act now!

The COVID-19 pandemic has been a massive wakeup call to businesses and organisations everywhere. It shows that change remains a constant and you cannot settle in for the slow grind, because major unforeseen events can occur, throwing a spanner in the works. You may...

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Team member in the spotlight – Hayley Jaram

Team member in the spotlight – Hayley Jaram

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Client Manager, Hayley Jaram. What can you tell us about MWM Advisory? “MWM is very people focused. The company provides exceptional...

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Have we lost the human touch?

Have we lost the human touch?

It may seem ironic to spell this out in a blog post, but the art of communication is being lost in the workplace because we just don’t talk anymore. Every day we are bombarded with more communication than we can handle. So much so, that we are suffering from...

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New JobMaker incentives can help you employ young job seekers

New JobMaker incentives can help you employ young job seekers

With the roll-out of the JobMaker Hiring Credit scheme your business could potentially receive up to $10,000 over a year for each eligible additional employee hired. The Australian Taxation Office has outlined its plans that will assist eligible businesses to claim...

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Do you have Audit Insurance?

Do you have Audit Insurance?

As the world returns to normal after the seismic shifts of 2020, the Australian Taxation Office (ATO) also returns to its standard practices including its audit activity. Australian taxpayers including businesses and individuals are regularly finding themselves at the...

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8 Tips for Businesses to Thrive in 2021

8 Tips for Businesses to Thrive in 2021

Operating a business in any year is tricky (last year being an exceptional example). So, as we kick off a new year with renewed focus, we’ve gathered 8 insightful tips to help your business thrive in 2021. 1: Nurture your brand advocates Loyal customers spread the...

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Online sales data under the ATO microscope

Online sales data under the ATO microscope

If you make more than $12,000 per annum through online sales then you could be liable to pay tax. The Australian Taxation Office’s (ATO) online selling data-matching program has been in place since 2008 and has recently opened the door to acquire data on sales via...

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Our guide to accessing the new business stimulus incentives

Our guide to accessing the new business stimulus incentives

It’s been a difficult year for everyone – businesses included – and we’ve had to navigate a myriad of difficult economic, health and social upheavals. In response, with the release of the new Federal Budget, the Government announced a suite of business incentives in...

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JobKeeper 2.0 has landed and new tests apply

JobKeeper 2.0 has landed and new tests apply

The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover. To receive JobKeeper 2.0 from 28 September 2020, eligible employers need to assess their decline in...

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Time is running out on the Superannuation guarantee amnesty

Time is running out on the Superannuation guarantee amnesty

The superannuation guarantee amnesty, introduced by the Federal Government earlier this year on 6 March, will end next week. The amnesty allows employers the opportunity to disclose and pay previously unpaid super guarantee charge (SGC), including any interest they...

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Team member in the spotlight:  Susan Manns

Team member in the spotlight: Susan Manns

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to SMSF Manager, Susan Manns. “MWM values people. The focus is on building relationships rather than just processing numbers. The team...

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20/21 minimum wage increase is 1.75%

20/21 minimum wage increase is 1.75%

The Fair Work Commission has announced a 1.75% increase to the National Minimum Wage following its 2020 Annual Wage Review.  The increase will apply to the first full pay period on or after the dates below depending on the industry the award covers, a sample of which...

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Planning is key to getting the best out of a challenging year

Planning is key to getting the best out of a challenging year

It's that time of year again and what an incredible year it has been! The changes have been rolling out thick and fast, and keeping up with them is enough to make your head spin. But June brings an end to our tax year and while that might seem like a burden right now,...

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How to avoid a login crisis when you change phones

How to avoid a login crisis when you change phones

Like it or not your mobile phone is akin to a set of keys – if you lose it or it becomes damaged you may find yourself ‘locked out’ of some business-critical applications such as Xero, MYOB, MyGov, MyGov ID, and banking apps. Apps like these often require a one-time...

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No more AUSkeys from 31 March

No more AUSkeys from 31 March

If you currently use an AUSkey to access the ATO business portal to lodge your BAS or access the Small Business Superannuation Clearing House, you will need to set up a myGovID by 31 March 2020. Your myGovID lets you prove who you are when using government online...

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Team member in the spotlight: Gillian Haseler

Team member in the spotlight: Gillian Haseler

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to, Client Services Coordinator, Gillian Haseler. “I enjoy working for such a progressive and proactive company. MWM Advisory promotes...

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Cash crackdown puts small businesses under the spotlight

Cash crackdown puts small businesses under the spotlight

A Senate committee is currently considering banning cash payments over $10,000 between individuals and businesses in a move to crack down on the Black Economy. Although there is resistance to the proposal the real issue for many businesses is that all cash payments...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Kirsten Preece

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Information Management Accountant, Kirsten Preece. “Joining MWM Advisory has provided me with the opportunity to be a part of an...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Antonette van der Berg

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Bookkeeper, Antonette van der Berg. “Modern. Dynamic. Innovative. These are the three words I would use to best describe MWM...

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Is your business caught in the new TPAR net?

Is your business caught in the new TPAR net?

A special Australian Taxation Office reporting requirement once restricted to the building and construction industry has expanded in the past year, and that means more businesses need to take heed or risk potential penalties. In its efforts to create greater clarity...

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Staying on top of WorkCover commitments

Staying on top of WorkCover commitments

For many employers WorkCover declarations can be confusing, especially if you aren’t aware of what is and isn’t defined as wages according to WorkCover Queensland. This means a lot of people get their WorkCover declarations wrong and this includes directors of...

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Time to take advantage of GST concessions

Time to take advantage of GST concessions

Positive cashflow is a sign that things are running smoothly in your business, but that can sometimes be tough for smaller businesses. Seasonal demands may require a heavy investment in extra staff and increased inventory during the year and that can lead to an...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Tim Huett

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Manager, Tim Huett. “MWM Advisory is an exciting place to work. I believe the team here is really breaking new ground by partnering...

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No more AUSkeys from 31 March

Get on top of new government tender rules

With $75 billion in contracts up for grabs last financial year, government tenders are a potentially lucrative source of new business. Tenders range from simple supply contracts worth thousands of dollars to major multibillion-dollar infrastructure projects. While the...

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Game-changing rules for building industry

Game-changing rules for building industry

The Queensland construction industry has undergone a major shake-up in recent years aimed at shoring up confidence in the sector. The measures, triggered by a 2016 review of the industry, have effectively beefed up the powers of the Queensland Building and...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Jessica Outeiro

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to  Jessica Outeiro, SMSF Administrator. “MWM doesn’t just say we want to help people, we actually do it! We look after our clients as...

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Adding value for clients in the digital world

Adding value for clients in the digital world

With the due date for your 2017/18 business tax looming, we thought it was the perfect time to showcase our MWM Advisory app and let you know about all the great things it does to make your life easier. Our free mobile app ties in with our passion for business...

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Nowhere to hide with Single Touch Payroll

Nowhere to hide with Single Touch Payroll

Single Touch Payroll is giving employees greater transparency and the Australian Tax Office more control. Employees are losing out on millions every year in unpaid super thanks to a loophole that allows employers to hold back on superannuation contributions until the...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Lorraine Reid

In this series, we’re spotlighting a different MWM team member each month so you can get to know the team a little better. Say hello to Receptionist Lorraine Reid. “MWM Advisory has strong values that underpin the framework of a positive and healthy company. I feel...

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MWM ADVISORY ANNUAL RACE DAY 2019

MWM ADVISORY ANNUAL RACE DAY 2019

Please join us at the Aquis Gold Coast Turf Club on Saturday 2nd March 2019 for a fun day of celebration and racing… And all for a good cause! You will enjoy an all-inclusive lunch and five-hour drinks package in the Turf Club’s exclusive Corporate Room, plus great...

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How to get your finances under control this year

How to get your finances under control this year

Do you love or hate new year’s resolutions? A new year brings about the perfect opportunity to set yourself some positive intentions for the year ahead. What I don’t like about new year’s resolutions is the sense of failure if they are not achieved, which is why I...

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Team member in the spotlight: Kirsten Preece

Team member in the spotlight: Rebecca Menz

In this series we’re spotlighting a different MWM team member each month, so you can get to know the team a little better. Say hello to Client Services Co-ordinator, Rebecca Menz. “I am so excited to be a part of a team who are passionate about working together to...

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Single Touch Payroll is now mandatory for small business

Single Touch Payroll is now mandatory for small business

It’s official, Single Touch Payroll (STP) is coming for small business too. This month, the Senate passed the bill for STP to extend to businesses with 19 or less employees from 1 July 2019. This poses significant administrative changes for the small business sector...

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Make your business plan actionable for long-term success

Make your business plan actionable for long-term success

So, you’ve heeded our advice, done your research and written your business plan. But what now – what is the crucial the next step?  As I stated in my last post, many people create business plans but then don’t follow them, resulting in a lack of vision for their...

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Why you need a business plan and why you should stick to it

Why you need a business plan and why you should stick to it

We spend a lot of time talking about and managing numbers at MWM Advisory, but numbers are only part of the story of your business. What they are is a trailing indicator; they tell you what’s happened in the past. Imagine walking backwards through life only looking at...

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Why your business should give back to the community

Why your business should give back to the community

Our directors Melanie Wear and James Marshall understand that to be leaders in the industry we must be active in our community and active in providing paid time for our staff to contribute to the community. You might say that’s not very accountant-like behaviour. But...

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MWM Advisory’s EOFY best practice checklist

MWM Advisory’s EOFY best practice checklist

In this EOFY special, we’ve summarised the ‘key ingredients’ to maximise your available deductions as an individual or business For individuals: Donations are tax deductible. Make sure you keep the receipts for donations to approved charities. Offsetting realised...

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The Numbers You Need to Know to Grow

The Numbers You Need to Know to Grow

MWM Advisory is proud to announce that we will be hosting a series of educational seminars as part of Queensland Small Business Week 2018, from 28 May to 1 June 2018. QSBW 2018 will give small business owners the opportunity to learn and acquire new ideas, skills and...

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Find out what the 2018-19 Federal Budget means for you…

Find out what the 2018-19 Federal Budget means for you…

  Election budget delivers tax cuts The Turnbull Government has released what is being painted as an election budget that includes income tax cuts for Australians in every pay bracket, furthers its plan for business tax cuts and commits $75 billion to...

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Are you ready to start your own business?

Are you ready to start your own business?

Starting your own business could be one of the greatest and most important decisions you ever make. But, there is a difference between a great idea and a great startup. But, you’re no doubt aware that starting your own business can be challenging and it’s not without...

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MWM Advisory Race Day and 5th Birthday Celebrations

MWM Advisory Race Day and 5th Birthday Celebrations

Come and join us as we celebrate our 5th birthday at the MWM Advisory Charity Race Day at the Aquis Gold Coast Turf Club on Saturday 3rd March. 2018 marks MWM Advisory’s 5th birthday, so this year’s race day will be an extra special celebration, packed with fun and...

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Promoting productivity in your business

Promoting productivity in your business

Are you or your team constantly chasing your tail when it comes to ticking off your to-do list and getting meaningful work done? This ‘time-sucking black hole’ is common in business, and it’s hard to get out of the constant spiral if you don’t have the tools and...

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Managing cash flow and collecting debts over the festive period

Managing cash flow and collecting debts over the festive period

With Christmas right around the corner, it can be a tricky time in terms of managing cash flow. During the festive season, many SMEs are at their busiest, but it’s a time that also puts a strain on resources and cash flow. To ensure your business remains in good shape...

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When business owners retire

When business owners retire

Baby boomers make up around one quarter of the Australian population, and they are hitting retirement age right now. For the business owners in this cohort, retirement planning comes with added complexity. Retirement is a question that many business owner-operators...

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Super cap puts SMSF accounting practices under the spotlight

Super cap puts SMSF accounting practices under the spotlight

The new $1.6 million superannuation cap has created several issues for self-managed super funds (SMSFs), particularly surrounding the method used to calculate exempt current pension income (ECPI). Under the new cap, many SMSFs that were previously entirely in pension...

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Is a self-managed super fund right for you?

Is a self-managed super fund right for you?

Have you ever looked at the annual return from your retail or industry superannuation fund with disappointment, and the feeling you could have done better yourself? Evidently, many Australians have felt the same way in recent years, as self-managed super funds (SMSFs)...

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Tax time: ATO cracking down on work-related expenses

Tax time: ATO cracking down on work-related expenses

The Australian Tax Office (ATO) has sounded a warning to individuals that it will be closely monitoring work-related expense claims this financial year. The department says that it is individuals, and not corporates, who are on the watch list this year, with dubious...

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What you need to know this End of Financial Year

What you need to know this End of Financial Year

It’s tax time, and there are several changes that will come into effect on July 1 that you need to be aware of in order to optimise your personal and business tax affairs. MWM Advisory is across the latest rules and regulations, so that you don’t have to be. Below is...

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How to stop your tax debt impacting your credit rating

How to stop your tax debt impacting your credit rating

Outstanding tax debts could threaten your business credit rating from July when the Australian Tax Office is allowed to disclose information to credit agencies. The new rule was announced in late 2016 as part of the Mid Year Financial Outlook released by the Federal...

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Find out what the 2017-18 Federal Budget means for you…

Find out what the 2017-18 Federal Budget means for you…

On Tuesday night the Australian Government handed down its Federal Budget for 2017. It’s important that you take the time to understand what the Budget proposals mean – and how they might affect you personally, particularly if you are a business owner, the owner of an...

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Get ready – huge superannuation reforms are coming

Get ready – huge superannuation reforms are coming

Sweeping changes to superannuation contribution rules will begin on 1 July and affect people at all ends of the earnings spectrum. There have been hundreds of changes to super contribution rules over the years, but no previous reforms have so dramatically affected...

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EOFY: Why you need a profitability plan for your business now

EOFY: Why you need a profitability plan for your business now

MWM Advisory’s guide to budget preparation to get your business into shape for EOFY I’m sure you’ve heard about the importance of having a budget, but in a recent survey, MWM Advisory found that only 34 per cent of business owners had one. That’s a terrible statistic...

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Do you want a better understanding of your business numbers?

Do you want a better understanding of your business numbers?

Numbers are the language of a business. They show what’s working and what’s not. But too many business owners don’t understand their numbers and find them complicated and confusing. If numbers are a language then a Chief Financial Officer is the translator. The CFO...

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Do you want to minimise your tax?

Do you want to minimise your tax?

Every year, leading up to June 30, it’s a good time to remember Kerry Packer’s infamous maxim: "If anybody in this country doesn’t minimise their tax, they want their heads read". The extraordinary lengths multinational companies are going to in order to reduce their...

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How to make the most of digital disruption in your business

How to make the most of digital disruption in your business

In this digital age, businesses continually need to adapt, evolve and innovate in order to work smarter, access new digital technologies and engage with a global economy. Ongoing digital disruption means that businesses that don’t adapt will find they fall behind,...

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New rules for employers of backpackers

New rules for employers of backpackers

How the changes to the backpacker tax rate will affect you. From the 1st of January 2017 employers who employ, and those who intended to employ, backpackers are required to register with the Australian Taxation Office (ATO) and are subject to withholding a new tax...

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ATO services drop out and what this means for you

ATO services drop out and what this means for you

The ATO’s services drop out at the end of last year has caused a major ongoing headache for both businesses and their accountants. Businesses have been impacted in the following ways: Intermittent outages to the Business Portal and Tax Agents Portal Delays in...

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How to properly manage business growth

How to properly manage business growth

If you are entering a growth phase in your business it’s usually because you’ve done something right and customers are interested in your product and / or service. But at some point you will reach the limit of your business capacity, running out of human power,...

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Key tax considerations when selling a business

Key tax considerations when selling a business

We all know selling or planning to sell a business brings with it many considerations, and that the likely tax outcomes are key among those factors. Whether or not tax is payable (and how much tax) on the sale of a business can make a huge difference to the amount of...

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Selling a business? 5 things you need to know

Selling a business? 5 things you need to know

When selling your business, getting the best possible price can mean the difference between reaping the rewards of years of hard work, or simply letting it go to cover your costs. You’ll also need to consider how selling your business will affect your personal and...

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How to become an innovative business

How to become an innovative business

‘Innovation’ is a bit of buzzword at the moment but what does it really mean and how does it apply to the every day? One definition says that innovation is the ‘process of translating an idea or invention into a good or service that creates value and satisfies a...

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Got a tax debt? Watch out! The ATO is coming for you

Got a tax debt? Watch out! The ATO is coming for you

Owe money to the Australian Tax Office (ATO)? It’s time to start sweating. Money owed to the tax office has blown out by 21 per cent in just four years. Sitting at $35.3 billion, that’s more than half of the annual GST take and more than both the annual education...

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How to kick-start your business’ growth

How to kick-start your business’ growth

As a business owner, you wear many hats - often on a daily basis. You’re the general manager, marketing manager, entrepreneur and financial controller. You oversee a number of different departments, with duties ranging from the very large (decisions and strategies) to...

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A clean balance sheet enables proactive decision-making

A clean balance sheet enables proactive decision-making

Are you planning to review your profit and loss statement from your accounting software this financial year? Then you better make sure you have a clean balance sheet. Most business owners judge the performance of their business during the year by looking at their...

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EOFY best practice – an MWM Advisory special

EOFY best practice – an MWM Advisory special

With June 30 looming, it’s again time to quote Kerry Packer’s infamous maxim: ‘If anybody in this country doesn't minimise their tax, they want their heads read’. And Mr Packer would advise you to move fast – the window is closing on opportunities to minimise your tax...

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Turning basic maths into profit

Turning basic maths into profit

For most business owners, steering their enterprise to success is about seeing opportunity and building relationships. They prefer to leave the hardcore mathematics around profit and turnover to their bookkeeper and accountant and focus on the big picture. But two big...

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10 tips to avoid an ATO audit

10 tips to avoid an ATO audit

With the end of financial year approaching, now’s the time to review your current financial practices to make sure you’re in line with the Australian Taxation Office’s (ATO) compliance program. MWM Advisory director Melanie Wear says it’s important for businesses to...

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MWM Advisory’s EOFY best practice checklist

Do you have a financial plan for next year?

With end of financial year fast approaching, now is the ideal time to start planning for the new financial year. I’m sure you’ve heard the saying, ‘failing to plan is planning to fail’, yet many business owners still fail to plan their financials each year. We...

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What the 2016-17 Federal Budget really means for you

What the 2016-17 Federal Budget really means for you

Find out what the 2016-17 Federal Budget really means for you... The 2016-17 Federal Budget is a budget of targets – broad targets to boost business and innovation, and the narrow revenue targets of the wealthy and multinationals. It’s a big, long-term crafted budget...

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Seminar a huge success!

Seminar a huge success!

Thank you to everyone who joined us the seminar earlier this month. We had a full house and it was great to see everyone who attended learn so much they could apply to their businesses. On the day, attendees learnt what the key numbers mean and how they can use them...

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How to develop an exit strategy… and why you need one

How to develop an exit strategy… and why you need one

You might be wondering why we’re talking about developing an exit strategy when we just gave you our top tips for starting a business. Well, it’s because exit planning should begin with the formation of a business. To build a saleable business, you need to plan ahead....

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7 top tips for starting your own business

7 top tips for starting your own business

Starting your own business can be a very scary prospect, but it’s also exciting and liberating to be embarking on something that is solely yours. If you’ve done the due diligence, crunched the numbers and are confident of your business’ viability, well done. But as...

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Workplace trends for 2016

Workplace trends for 2016

No matter the size of your business (trends seen in the largest companies should be championed by the smallest), all enterprises need to be in touch on workplace trends to ensure they are up-to-date with the most in-demand skills. Below is MWM Advisory’s guide to the...

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You’re invited to join us at the MWM Advisory Race Day!

You’re invited to join us at the MWM Advisory Race Day!

Please join the MWM Advisory directors and team at the Gold Coast Turf Club on Saturday February 20 for a fun day of racing and networking... all for a good cause! Enjoy an all-inclusive lunch and five-hour drinks package in the turf club's exclusive Corporate Room,...

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How to cultivate your greatest financial asset

How to cultivate your greatest financial asset

Whether you’re 25 or 65, superannuation is most likely your greatest financial asset. While super presents a more tax-efficient income strategy than property, you need to make sure you cultivate your super in order to make it worthwhile. The earlier you can start...

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Creating a culture of accountability in your business

Creating a culture of accountability in your business

Businesses revolve around customers – and you need to be confident that your key stakeholder is being serviced well. If you don’t build a culture of accountability, one that you and your employees uphold, it will soon start affecting the conduct of your employees and...

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Time is running out to get SuperStream-ready

Time is running out to get SuperStream-ready

By the end of this month, SuperStream will become mandatory for all employers. If you’re yet to cross SuperStream off your to-do list, now’s the time. Simply put, as of 30 June 2016, all Australian employers need to be using SuperStream to pay their employees’ super....

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Free Beer and Champagne! + Free Webinar Sunday 29 March at 2PM (AEST)

Exciting news from MWM…

We have some exciting news but we need your help to make it happen... Early next year we are going to be holding education seminars for business owners on how to understand your financials. Numbers are the language of business. They show what's working and what's not....

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Buying a business? Here’s what you need to know.

Buying a business? Here’s what you need to know.

Buying an existing business can be a great opportunity – you can hit the ground running without the disadvantages of starting from scratch. An existing business provides you an already-loyal customer base, regular cashflow and (hopefully) a well-known business name....

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$600 million package to help Queensland businesses

Client Newsletter – February 2015

Welcome to the first MWM Advisory newsletter for 2015, where we start the year with a broad spread of topics – who says you can’t please all the people all the time? This month our newsletter topics include: 〉 A recent ATO notification raised concerns that some...

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ATO mobilises to ensure businesses comply with super obligations

Client Newsletter – December 2014

Welcome to our final newsletter for 2014, another deposit of analysis and information on a range of taxation and reporting issues relevant to businesses and individuals. This month we look at new legislation such as: 〉 On April 1, 2015, the Fringe Benefits Tax...

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8 Tips for Businesses to Thrive in 2021

Client Newsletter – November 2014

Welcome to our November newsletter, packed again with analysis on a range of taxation and reporting issues relevant to businesses and individuals. This month we drill into current topics including: 〉 The potential tax implications of Airbnb. It’s wildly popular and...

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Cash crackdown puts small businesses under the spotlight

Foreign Income Sources in Focus

The Gold Coast Bulletin recently approached MWM Advisory director Melanie Wear for her expert opinion on the new Tax Office powers to investigate undeclared offshore assets and income. See the image above for the feature article that appeared in the Gold...

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