What’s New

Mercia started in 1998 in Perth & we are as passionate and committed to outstanding client service as we were the day we started. Our people and advice focus on your needs and goals, our technical expertise is not only backed by over 40 years of experience but by the depth of national groups technical research. Our site is filled with links, Info, Rates & Calculators about everything you would expect from a full service Tax, Business, Finance & Investment Advisory firm … read more about us.

Did you know we can help with:

  • your personal asset protection affairs
  • Wills
  • Structuring
  • BFA’s
  • Insurance
  • Superannuation and much more

If your occupation lends itself to risk or you’re in business call us to find out how we can help you.

We are more than just a traditional Accounting Firm, we are a full service group with staff having different expertise from preparing tax returns and financials through to business advisory, finding the best loan, to comparing insurance, superannuation and investment options that are tailored to your needs. We have the expertise to create and implement the optimum structure that will deliver Asset Protection, Tax efficiency, Cash-flow which often saving thousands as a result of our recommendations. We aim to improve a client’s financial position by providing this holistic approach.


Newsletters

We issue bi-monthly tax, investment, property, finance and business advisory newsletters.

We are pleased to supply you with the March/April 2019 edition of Client Alert, which contains information on a number of important taxation developments up to and including 18 April 2019:

    • ATO to ramp up ABN investigations and cancellations – The ATO is ramping up its focus on cancelling inactive ABNs over the coming months.
    • Guidance on when a company carries on a business – New guidance is now available on how the ATO deals with the concept of a company “carrying on a business”.
    • How the ATO identifies wealthy individuals and their businesses – The ATO says it uses sophisticated data matching and analytic models to identify wealthy individuals and link them to associated businesses
    • Super guarantee amnesty not yet law, but $100 million recovered – There has been a notable increase in employers coming forward to self-report unpaid super guarantee amounts in response to the amnesty proposal announcement, despite it not yet being law
    • Instant asset write-off with Budget changes now law – the write-off rules have been extended to medium sized businesses’, the threshold has increased and the dates are extended.
    • Rental deductions: ATO audits to double – The ATO has warned that it will increase its scrutiny of rental-related deductions this year.
    • Shortfall penalties reduced under new ATO initiative – If the ATO finds an error on a tax return or an activity statement during an audit or review, the taxpayer may now be eligible for automatic penalty relief.
    • How the ATO identities wealthy individuals and their businesses – The ATO says it uses sophisticated data matching and analytic models to identify wealthy individuals and link them to associated businesses

If you want to read more about these tax changes click here.

Budget 2019
To find out more about the 2019 Special Budget please click here.