MHM Accountants was established in 1996 with a philosophy of providing superior client services. People in business need a fast, accurate response from their advisors to help them manage the commercial, financial and taxation issues that constantly arise. MHM has the experience, understands the challenges of modern businesses and can provide the solid practical solutions required for today's business environment.

MHM was formed by Frank Manning and Peter Hickson. They gained their experience through a combined 30 years with Price Waterhouse. With their team of enthusiastic and highly trained professionals, they are committed to providing an efficient, comprehensive and cost effective service to their clients. On 1 January 2003 Bradley Conn was admitted as a principal of the firm.



 

Tax News
 

2008-09 Federal Budget Follow-up
Entrepreneur’s tax offset
In the 2008-09 Budget, the Government announced that a family income test will be introduced to determine the eligibility for the offset.
The threshold for single taxpayers was stated as $75,000 in the Budget Papers.  ........click to read detail
Medicare levy surcharge
The Government has introduced a Bill into Parliament to increase the Medicare levy surcharge threshold for individuals from $50,000 to $100,000, and for families from $100,000 to $150,000. ........click to read detail

Data Matching
Luxury cars
The Tax Office will request and collect details of individuals or entities that, between 1 July 2005 and 30 June 2007, have purchased or acquired motor vehicles valued at $57,009 or higher. ........click to read detail 
Owner-builder licence registration
The Tax Office will acquire owner-builder licence registration information from the Victorian and NSW state governments. ........click to read detail 

HECS and SFSS Repayment
The Tax Office has released the HECS and SFSS repayment thresholds for the 2008-09 income year.
When a taxpayer’s repayment income is above $41,594, ........click to read detail 


MHM News

ANNUAL MHM CUP
MHM celebrated with 30 June festivities this year by challenging for the MHM Cup.
Rounds of the Rich List and Trivia, topped off by a spectacular Ten Pin Bowling finale sorted the winners from the wanting; with Frank’s team (picture above), the Cheetahs maintaining a clear lead from start to finish, taking out the Cup with a convincing win, (special thanks to James’ star bowling).
GO CHEETAHS!!