Success Her Way

In 2019 MGI Adelaide Director, Angela Robins and other members of the firm identified a need to build a community around supporting each other and the strong female leaders in their network and client base. From that idea Success Her Way was born.

Tax Implications when you dispose of Cryptocurrencies

Written by Emily Baulderstone: Have you been taking part in the cryptocurrency market in recent years? If so, are you aware of the tax consequences of these transactions and what records you need to keep? The ATO have recently announced that they will be collecting data from cryptocurrency digital exchanges and data matching this with […]

Running Your Business from Home

The technology available to us today means that business activities can be performed from just about anywhere. Some of Australia’s most successful and well- known brands were started from someone’s kitchen, spare room or garage. Running a business from home is certainly a popular starting point especially for a small business that is starting out […]

Are You Providing Fringe Benefits?

Written by Sarah Riccio: What is a Fringe Benefit A fringe benefit is a ‘payment’ to an employee provided in a different form to salary or wages. For example, a fringe benefit may be provided when an employer:        allows an employee to use a work car for private purposes        pays an employee’s gym […]

Single Touch Payroll – What is it and does it affect me?

Written by Stephanie Hulme: Single Touch Payroll (STP) is a government initiative to streamline reporting requirements for businesses. If you employ 20 or more employees, this obligation will be compulsory from 1 July 2018. However, employers with less than 20 employees have the choice to implement STP. STP simplifies reporting because at the end of […]

The Tax Implications of the Sharing Economy

Written by Nick Fedele: Are you thinking of renting a room in your home through Airbnb or becoming an Uber driver to earn additional income? If you are, then you will be entering into the sharing economy and you will need to be aware of the different tax implications. The following explores the implications for […]

Funding options available for innovative businesses

The Federal Government has indicated that they are very keen to support innovative businesses. There are a number of funding options available by way of government grants for businesses that can meet the Government qualification requirements. If your company has been “experimenting” to try and solve a problem in your business for which there was […]

Know your change potential

In a recent article, Planning to Take Control of the Family Business, I talked about the reluctance of family and privately owned business to plan. I opined that “time pressures” and “not knowing where to start” were two of the main reasons for this reluctance. However, I believe there is another, very important, reason for […]