MCA Accountants

7 hours ago

Asset Protection Tip: Know your liabilities - contractors - Sometimes asset protection is more than fancy structures - it can be as simple as knowing where your risks lie. The biggest overlooked risk we find is with contractors and employees. Just because you get an ABN, doesn't mean you aren't liable for PAYGW, super, workcover etc. We've seen these "hidden" liabilities ruin businesses - don't let it happen to you ... See MoreSee Less

MCA Accountants

8 hours ago

The ATO have extensive data matching capabilities - such as share dividends and sales, property purchases and sales, wages, contract income, PayPal, AirBnB, car and boat registrations, and the list goes on

The ATO are working on having as much visibility over everyone's income position as possible to help them catch those the rort the system. Cash is the next frontier - and also the toughest ... See MoreSee Less

MCA Accountants

1 day ago

Tax Tip: Extra Time to Lodge BAS - If you use a digital method of lodging your BAS (myGov, business portal, SBR software), then you may be entitled to extra time for lodgment and payment. A 4 week extension applies to BAS's lodged via a tax agent (such as ourselves), which is always an option for businesses We note that the December BAS doesn't get this extension because the ATO gives everyone an extra 4 weeks to lodge due to Christmas ... See MoreSee Less