If you have any questions relating to accounting and taxation, check out our FAQ's.

Why am I paying PAYG instalments?

Pay as You Go (PAYG) tax installments are the ATOs method of allowing taxpayers to prepay their income tax liability for the year in installments throughout the year.

Typically, the PAYG instalment amount is calculated based on the tax payable on your last year that was lodged with the ATO.

Further to the instalment amount, the ATO determines a “Commissioners rate” which is a percentage calculated based on your prior lodgments which you then use to calculate the instalment amount based on your current income.

Essentially, any amounts you pay as PAYG instalments will come back to you when you lodge the tax return; either as credits towards your tax liability or as a refund if your instalments paid were more than your tax liability.

Do you offer training programs?

At Macmillans Waller Fry we offer various seminars and training programs throughout the year.

Each month, we offer a different seminar for our clients which each one covering a topic that is either relevant to the current business climate or has been requested by past attendees.

For more information on our seminars, please go the seminar section of the website.

We also offer more specific training at any time for you and your staff on various software platforms, bookkeeping, payroll and general accounting functions.

For more information, please see our upcoming Workshops.

What software do you support?

As a general rule, we can work with most accounting software commercially available in Australia.

The software packages we can provide training and support in are: MYOB, QuickBooks, BankLink, Accomplish Cash Manager, Sage.

We have worked with many more software packages including custom proprietary software and will almost certainly be able to work with your system.

Please contact us to discuss your software requirements.

I’m starting a new business; what entity should I choose?

This is a very complex issue, and some people will try to give you a stock standard answer – don’t believe them.

The consideration of the right entity or combination of entities will be one of the most important decisions you will make in setting up your new business.

If you are new to business, we offer a complimentary first meeting with new clients to discuss issues such as entity selection. Please contact us for more information.

In the meantime, click here to obtain your free copy of our Buying a Business Guide to give you some preliminary information.

What is the Education Tax Refund (ETR)?

The Education Tax Refund (ETR) is a government initiative introduced in the 2009 financial year which gives eligible people a refund of up to 50% on eligible expenses incurred in educating their children.

For further details regarding eligibility, please contact us.

When is my activity statement/tax return due?

Please refer to our calendar for a full list of lodgement and payment dates.

Do I have to pay superannuation for my employees?

Legislation says that you must pay a minimum of 9% superannuation for your employees. Harsh penalties apply to employers who fail to meet this obligation.

However, exemptions do apply for employees of certain ages and those earning less than a minimum threshold each month.

To check if you are meeting your superannuation guarantee obligations, please contact us for a consultation.

How much do you charge?

As a professional services firm, we charge for the services that we perform and the advice that we provide. As a result, it is difficult to name a blanket price to cover all situations.

However, we are always willing to discuss our fees upfront and in many situations can provide an estimate of our fees before work commences.

We also offer various payment options to eligible clients.

If you would like to obtain an estimate of our fees for your business, please contact us to arrange an obligation free appointment.

To discuss your accounting and tax goals, book an appointment with one of our professional accountants.

Simply call us on (02) 4933 5355 or complete our contact form for a prompt reply.