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:
What is a Director ID? Prevent Fraud, Ensure Integrity
Director IDs are necessary in Australian business to ensure that companies are operating legally, with the best interests of the company at heart. It is used to prevent the use of false or fraudulent director identities. As an experienced accountant dedicated to enhancing corporate transparency and governance, I’m here to clarify the Director ID for
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
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
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
Why Is My Tax Refund So Low? Decoding the Mystery Behind Shrinking Returns
The annual tax refund is a highly anticipated event for most working Australians. For many, that means an exciting influx of cash in the form of their annual tax refund. However, this year, many people are scratching their heads, wondering, “Why is my tax refund so low?” It’s a common question I’ve been hearing a
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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Stefan Walker28. November, 2022.We have found MYC Partners Accountants to be extremely efficient & helpful. Always available for the smallest of queries, problems or advise. Glad we made the switch from the larger accounting company we were with previously.
Greg O'Rourke8. November, 2022.Highly professional, prompt and high quality service. I've been very happy with my experience with MYC Partners both for accounting services and their valuable advice for my business. I highly recommend Kylie and her team for anyone on the Central Coast looking for a reliable and trustworthy accountant and business advisor.
Scott Redmond18. August, 2022.Kylie is an outstanding person who is great at accounting services. If you want to have the best handle on your money give her a call.
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Ashley Westbrook6. 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
Shane6. 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 Bellacera23. June, 2019.Very knowledgeable and helpful. Julie was able to give me guidance and explained things in layman’s terms. Highly recommend
Colleen Johnson18. September, 2018.Locally owned partners that know there stuff. Transparent, helpful, efficient & friendly. Highly recommended.