Articles

Check out the latest from the MYC Partners blog!

Welcome to our new articles area. We will be regularly sharing our accounting expertise and strategic advice to help you get ahead in your business.

Latest posts are below:

Working from Home Deductions: Expert Tips on Claims & Methods

In recent years, the work landscape has dramatically shifted towards working from home, highlighting the importance of understanding working from home deductions. The rules and methods for claiming these have evolved, particularly since 2022, leading to confusion and missed opportunities. As a Central Coast accountant, I’ve observed the challenges faced by remote workers in making

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Accounting for Startups: Building a Solid Financial Base

Jumping into the startup world is exciting, but there’s one thing you really need to nail down from the start: Accounting. Here’s the thing: Accounting for startups isn’t just about filling out forms and ticking boxes; it’s what keeps your business on solid ground. If you overlook it or don’t get it right from the

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ATO Audit Insights for Effective Business Management

For small business owners, the prospect of an audit by the Australian Taxation Office (ATO) can seem intimidating. Yet, it’s important to remember that these audits are a standard part of ensuring legal compliance and accuracy in your financial affairs. There’s no need for the word ‘audit’ to set off alarm bells. Managing an ATO

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Business vs Hobby: Navigating the Fine Line with ATO’s Rules

As an accountant, one question I get all the time is, “When does a hobby become a business?” This is a critical distinction when it comes to your tax obligations. In this post, I’ll walk through the key factors that transform a hobby into a bonafide business in the eyes of the Australian Taxation Office

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Accounting for Influencers: Mastering the Digital Earnings Game

The rise of social media has given birth to a new type of celebrity: The influencer. As these digital content creators have amassed huge followings, sponsored posts and affiliate promotions have become big business. However, the unpredictable income streams of influencers pose unique accounting and tax challenges. Unlike salaried jobs with regular paychecks, earnings can

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Stefan Walker
28. November, 2022.
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Greg O'Rourke
8. November, 2022.
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Scott Redmond
18. August, 2022.
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Pat Colwell
20. July, 2021.
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Ashley Westbrook
Ashley Westbrook
6. May, 2021.
Best accountants our company has used. Been with them for the last few years and have been extremely happy with their work, very friendly and helpful and know what they are doing. Could not recommend them more
Shane
Shane
6. December, 2020.
I've had my tax returns completed by Nathan for a couple of years now and the experience is always great. Nathan is very knowledgeable and makes the process easy. MYC has recently changed ownership and meeting Kylie the new owner reaffirmed, if not made me even more sure, that I made the right choice.
Susan Bellacera
Susan Bellacera
23. June, 2019.
Very knowledgeable and helpful. Julie was able to give me guidance and explained things in layman’s terms. Highly recommend
Colleen Johnson
Colleen Johnson
18. September, 2018.
Locally owned partners that know there stuff. Transparent, helpful, efficient & friendly. Highly recommended.
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