http://www.mimaccounting.com.au/Articles.aspxen-AUCopyright 2026 MIM Accounting Pty LtdFri, 14 Apr 2017 07:20:42 GMTSeveral issues may influence the choice of a business structure and often, the presence of competing factors make things even more difficult.http://www.mimaccounting.com.au/Articles/Business_Structure.aspxhttp://www.mimaccounting.com.au/Articles/Business_Structure.aspxFri, 14 Apr 2017 07:08:56 GMTIf you are a director of a company,  please be awarehttp://www.mimaccounting.com.au/Articles/Consequences_for_directors_of_insolvent_companies.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Consequences_for_directors_of_insolvent_companies.aspxFri, 14 Apr 2017 07:02:58 GMTEmployers must nominate a default fund to which the employee's SG contributions must be paid if the employee does not choose a fund.http://www.mimaccounting.com.au/Articles/What_to_do_If_the_employee_does_not_choose_a_Super_Fund_.aspxhttp://www.mimaccounting.com.au/Articles/What_to_do_If_the_employee_does_not_choose_a_Super_Fund_.aspxFri, 14 Apr 2017 00:55:08 GMTCents per kilometre method and the log book method can be choose to claim motor vehicle expenseshttp://www.mimaccounting.com.au/Articles/Changes_to_work_related_car_expense_deductions.aspxhttp://www.mimaccounting.com.au/Articles/Changes_to_work_related_car_expense_deductions.aspxSat, 16 Jul 2016 12:47:39 GMTLifetime $500,000 Non-Concessional Superannuation Cap a new budget measure.http://www.mimaccounting.com.au/Articles/Lifetime__500_00_Non-Concessional_Superannuation_Cap.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Lifetime__500_00_Non-Concessional_Superannuation_Cap.aspxSat, 16 Jul 2016 11:58:51 GMTSmall Business Grant for employers not liable for payroll taxhttp://www.mimaccounting.com.au/Articles/Small_Business_Grant.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Small_Business_Grant.aspxSat, 16 Jul 2016 11:27:15 GMTA summary of changes to the Income Tax Return 2015http://www.mimaccounting.com.au/Articles/What_s_new_and_what_s_coming_.aspxhttp://www.mimaccounting.com.au/Articles/What_s_new_and_what_s_coming_.aspxFri, 26 Jun 2015 13:01:01 GMTSuperannuation Contributions Caps - Concessional and Non-Concessionalhttp://www.mimaccounting.com.au/Articles/Superannuation_Contributions_Caps.aspxhttp://www.mimaccounting.com.au/Articles/Superannuation_Contributions_Caps.aspxFri, 26 Jun 2015 11:00:00 GMTLearn it. Know it. Love ithttp://www.mimaccounting.com.au/Articles/Resident_Individuals_Tax_Rates_2014-2015.aspxhttp://www.mimaccounting.com.au/Articles/Resident_Individuals_Tax_Rates_2014-2015.aspxFri, 26 Jun 2015 10:12:16 GMTMIM Accounting Services has the pleasure to announce its partnership with Xero Software.http://www.mimaccounting.com.au/Articles/Xero_Certified_Partner.aspxhttp://www.mimaccounting.com.au/Articles/Xero_Certified_Partner.aspxSun, 22 Feb 2015 10:43:56 GMTThe government works towards delivering a White paper on reform of Australia Tax System by the end of 2015. http://www.mimaccounting.com.au/Articles/Reform_of_Australia_Tax_System1.aspxChartered Accountants Australia and New Zealandhttp://www.mimaccounting.com.au/Articles/Reform_of_Australia_Tax_System1.aspxSun, 22 Feb 2015 10:35:55 GMTSingle Touch Payroll, The latest on Tax-Related Technologyhttp://www.mimaccounting.com.au/Articles/Tax-Related_Technology.aspxIsabel Leon - ATO Guidelineshttp://www.mimaccounting.com.au/Articles/Tax-Related_Technology.aspxWed, 18 Feb 2015 10:22:23 GMTThe Superannuation Guarantee will be increased to 9.5% on July 2014 and leave it at this level until 20 June 2018.http://www.mimaccounting.com.au/Articles/Super_Guarantee_rate_of_9_5__from_1_July_2014.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Super_Guarantee_rate_of_9_5__from_1_July_2014.aspxThu, 05 Jun 2014 10:56:00 GMTindividuals can withdraw the excess contributions and associated earnings. If an individual chooses this option, no excess contributions tax will be payable and any related earnings will be taxed at the individual's marginal tax rate.http://www.mimaccounting.com.au/Articles/Superannuation_-_Option_to_withdraw_excess_non-concessional.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Superannuation_-_Option_to_withdraw_excess_non-concessional.aspxThu, 05 Jun 2014 09:20:00 GMTPersonal Tax Rates and the Budget Deficit Levy (Tax)http://www.mimaccounting.com.au/Articles/Personal_Tax_Rates.aspxhttp://www.mimaccounting.com.au/Articles/Personal_Tax_Rates.aspxSun, 25 May 2014 09:54:58 GMTThe already legislated increase in the tax-free threshold to $19,400 from 1 July 2015 will not proceed - It will be "deferred"http://www.mimaccounting.com.au/Articles/Budget_2013-2014_The_2015_Tax-Free_Threshold_Increase__Defe.aspxhttp://www.mimaccounting.com.au/Articles/Budget_2013-2014_The_2015_Tax-Free_Threshold_Increase__Defe.aspxMon, 27 May 2013 10:49:30 GMTBaby Bonus will be replaced from 1st March 2014.http://www.mimaccounting.com.au/Articles/Baby_Bonus_to_be_alolished_and_replaced.aspxhttp://www.mimaccounting.com.au/Articles/Baby_Bonus_to_be_alolished_and_replaced.aspxMon, 27 May 2013 09:17:13 GMTMedicare Levy increase to 2% to fund Disability Care from 1st July 2014http://www.mimaccounting.com.au/Articles/Budget_2013-2014MedicareLevyIncreaseto.aspxhttp://www.mimaccounting.com.au/Articles/Budget_2013-2014MedicareLevyIncreaseto.aspxMon, 27 May 2013 09:02:47 GMTAs a part of the 2012-13 Mid-Year Economic and Fiscal Outlook (MYEFO) the Government  announced that it would increased the SMSF supervisory levy to $259 per year from 2013-14 (up from $191 in 2012-13). http://www.mimaccounting.com.au/Articles/Change_to_Supervisory_Levy__of_SMSF.aspxhttp://www.mimaccounting.com.au/Articles/Change_to_Supervisory_Levy__of_SMSF.aspxSun, 31 Mar 2013 07:55:04 GMTDo you have any lost super? SuperSeeker is a convenient service to help keep track of and manage super, to assist individuals search for any lost or unclaimed super.http://www.mimaccounting.com.au/Articles/Lost_Super.aspxhttp://www.mimaccounting.com.au/Articles/Lost_Super.aspxSun, 31 Mar 2013 07:21:41 GMTMembers are encouraged to take the time to review contributions made during the year and ensure that the correct documentation has been completed to enable individual clients to claim a deduction for their personal super contributionshttp://www.mimaccounting.com.au/Articles/Documentation_to_claim_a_deduction_for_personal_.aspxhttp://www.mimaccounting.com.au/Articles/Documentation_to_claim_a_deduction_for_personal_.aspxSun, 31 Mar 2013 07:00:33 GMTASIC understands that business have numerous legal obligations. They are accountable to a number of Commonwealth and state regulatory agencies.http://www.mimaccounting.com.au/Articles/Small_Business_Will_Benefit_by_Spending_Less_Time_and_Money.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Small_Business_Will_Benefit_by_Spending_Less_Time_and_Money.aspxThu, 10 Jan 2013 04:39:00 GMTThe ATO has stated that, this year, they will be paying close attention to deduction claimed by people employed ashttp://www.mimaccounting.com.au/Articles/Occupations_in_the_Spotlight.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Occupations_in_the_Spotlight.aspxWed, 09 Jan 2013 04:42:00 GMTThe government new legislation for Dad and Partner Pay provides fathers; including adopting parent and parent in same-sex couples, with two weeks paid paternity leave at the pre-tax rate of $606.00 a week minimum wage.http://www.mimaccounting.com.au/Articles/Paid_Paternity_Leave.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/Paid_Paternity_Leave.aspxMon, 07 Jan 2013 04:41:00 GMTSelf-managed super funds (SMSFs) are required to prepare and implement an investment strategy for the operation of the fund. The strategy must have regard to the whole of the circumstances of the fund. http://www.mimaccounting.com.au/Articles/SMSF_Investing_Strategy.aspxIsabel Leonhttp://www.mimaccounting.com.au/Articles/SMSF_Investing_Strategy.aspxThu, 03 Jan 2013 04:34:00 GMTNo such thing as a free lunch…? There might be, but there are at least 63 different permutations or combinations that will impact on the answer to that question! http://www.mimaccounting.com.au/Articles/FBT_and_The_Free_Lunch.aspxhttp://www.mimaccounting.com.au/Articles/FBT_and_The_Free_Lunch.aspxMon, 26 Nov 2012 00:38:13 GMTOn 21 July 2011, the Government announced its long anticipated policy on the carbon tax. The emissions levy of $23 per tonne on major polluters will be combined with tax cuts and http://www.mimaccounting.com.au/Articles/Carbon_Tax_The_New_Measures_at_a_Glance.aspxhttp://www.mimaccounting.com.au/Articles/Carbon_Tax_The_New_Measures_at_a_Glance.aspxMon, 26 Nov 2012 00:35:52 GMTInvesting in and maintaining an in-house accounting department does not always suit the changing needs of small, fast-growing businesses.http://www.mimaccounting.com.au/Articles/Outsourcing_Makes_Sense_for_Small_and_Fast_Growing_Business.aspxhttp://www.mimaccounting.com.au/Articles/Outsourcing_Makes_Sense_for_Small_and_Fast_Growing_Business.aspxMon, 26 Nov 2012 00:34:39 GMTThe new First Home Saver Account (FHSA) is a special purpose savings account which has been available to eligible individuals since 1 October 2008 through certain financial institutions, such as banks, credit unions and building societies.http://www.mimaccounting.com.au/Articles/First_Home_Saver_Accounts2.aspxhttp://www.mimaccounting.com.au/Articles/First_Home_Saver_Accounts2.aspxMon, 26 Nov 2012 00:33:50 GMTPersonal contributions made by individuals who are self employed and satisfy the 10% rule are elegible to be claimed as a tax deduction. The maximum deduction that can be claimed is http://www.mimaccounting.com.au/Articles/Superannuation_and_Pensions.aspxhttp://www.mimaccounting.com.au/Articles/Superannuation_and_Pensions.aspxMon, 26 Nov 2012 00:32:49 GMTEffective from 1 July 2010, the 30% threshold will be raised to $37,001 and taxpayers in the range of $80,001 to $180,000 wil pay 37% tax rate.http://www.mimaccounting.com.au/Articles/Personal_Income_Tax1.aspxhttp://www.mimaccounting.com.au/Articles/Personal_Income_Tax1.aspxMon, 26 Nov 2012 00:31:49 GMTMany not-for-profit organizations that struggle for funding and rely heavily on salary packaging to remunerate their employees at a levelhttp://www.mimaccounting.com.au/Articles/Not-for-Profit_Organisations.aspxhttp://www.mimaccounting.com.au/Articles/Not-for-Profit_Organisations.aspxMon, 26 Nov 2012 00:30:16 GMTCash flow is crucial to all businesses, but none more so than those businesses whose products or services have seasonal highs and lows to manage. http://www.mimaccounting.com.au/Articles/Maintain_your_Business_Strong_Healthy_during_uncertain_times.aspxhttp://www.mimaccounting.com.au/Articles/Maintain_your_Business_Strong_Healthy_during_uncertain_times.aspxMon, 26 Nov 2012 00:28:45 GMTThe government will expand the small Business and General Business Tax Break to provide additional assistance to SBEshttp://www.mimaccounting.com.au/Articles/Business_Corporations_and_Trusts.aspxhttp://www.mimaccounting.com.au/Articles/Business_Corporations_and_Trusts.aspxMon, 26 Nov 2012 00:27:35 GMTThe Government has introduced a new refundable education expenses tax offset to enable eligible individuals to claim a 50% tax offset forhttp://www.mimaccounting.com.au/Articles/Tax_Time_-_New_Education_Expenses_Tax_Offset.aspxhttp://www.mimaccounting.com.au/Articles/Tax_Time_-_New_Education_Expenses_Tax_Offset.aspxMon, 26 Nov 2012 00:15:21 GMTOver the past few months, several new laws have come into force that will have an effect on Australia’s small businesses.http://www.mimaccounting.com.au/Articles/Small_Business_Challenges1.aspxhttp://www.mimaccounting.com.au/Articles/Small_Business_Challenges1.aspxTue, 20 Nov 2012 12:24:24 GMTIn a recent decision, the Federal Court has allowed Youth Allowance recipient taxpayer, to deduct self-education expenses incurred in pursuing a teaching degrehttp://www.mimaccounting.com.au/Articles/Tax_Time_-_Self_Education_Expenses.aspxhttp://www.mimaccounting.com.au/Articles/Tax_Time_-_Self_Education_Expenses.aspxTue, 20 Nov 2012 11:04:28 GMTThe new First Home Saver Account (FHSA) is a special purpose savings account which has been available to eligible individuals since 1 October 2008http://www.mimaccounting.com.au/Articles/First_Home_Saver_Accounts1.aspxhttp://www.mimaccounting.com.au/Articles/First_Home_Saver_Accounts1.aspxTue, 20 Nov 2012 11:03:08 GMTThere are a host of new changes in 2011 at the end of the financial year.http://www.mimaccounting.com.au/Articles/Tax_Time_2011_New_Changes1.aspxhttp://www.mimaccounting.com.au/Articles/Tax_Time_2011_New_Changes1.aspxWed, 30 Jun 2010 12:05:00 GMT