MGI News & Insights

How to increase your profit margins

Many business owners think you need to increase sales to make more money. But often this is the more difficult path. A minimal increase to your profit margin can have a much more profound effect. Watch our video How to improve your business profitability to explore why this is the case and what you should consider in improving the profitability of your business.

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The ATO sets out rules on Holiday Homes

March 2026 Newsletter The ATO has issued Draft Taxation Ruling 2025/D1 that sets out its position on income and deductions for rental properties and holiday homes. This replaces a ruling from July 1985 and also comes with two Draft Practical Completion Guidelines that sets out the ATO’s compliance approach. PCG

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Time Limits on Indirect Tax Assessments

As we begin another eventful year, it is worth noting that there are specific time limits unique to the application of indirect taxes.  Specific provisions were inserted into the Tax Administration Act (TAA) to reflect the distinctive nature of the indirect tax laws.   The assessment system for indirect tax laws

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