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Articles by McKinley Plowman

QROPS Changes and the Contributions Cap

April 25th, 2017

Pension transfers may seem more complex than ever following the changes on 8 March 2017. Ideally, you would need financial advisors who will look at all of your benefits in Australia and UK to ensure that you are compliant with the legislations of both countries. Whilst advisors do not have a crystal ball for jobread more

Tax Cuts for Small Businesses for FY 2016-2017

April 24th, 2017

As major drivers of Australia’s economic growth and employers of more than 5 million individuals, small businesses are now set to benefit from measures first announced in the May 2016 Federal Budget. Just recently, parliament finally reached an agreement to reduce the corporate tax rate to 27.5% for companies carrying on a business and with anread more

Fast Growing And Start-Up Businesses – What Are You Missing Out On?

April 12th, 2017

It’s always difficult for Governments and regulators to keep pace with changing business models, funding approaches, and technology. But, recent reforms and a series of new initiatives seek to free up entrepreneurs from excessive regulation, inflexible tax regimes, and unintended outcomes. Unfortunately, few entrepreneurs are aware of what is available to them and risk limitingread more

Getting the right financing for business growth

April 1st, 2017

It is inevitable for a growing business to invest in new equipment that is necessary for its expansion.  However, some of these investments are costly and can require serious planning. For example, a Bakery that wants to expand its product range and services may need to invest in larger mixers, ovens, and even a vehicleread more

Car fringe benefits and your liabilities

March 31st, 2017

Another Fringe Benefits Tax (FBT) year has ended and businesses are now getting their annual FBT returns lodged before the deadline. Unfortunately, some grey areas remain on FBT for business tax payers, particularly in the situation where an employer fails to identify that a car fringe benefit has been provided to an employee. One commonread more

Important Changes on QROPS Rules

March 16th, 2017

If you are in the process or planning to transfer your UK pension to Australia, it is important that you stay informed on the latest rule changes on Qualifying Recognised Overseas Pension Scheme (QROPS). Early in March, Her Majesty’s Revenue and Customs (HMRC) announced that payments made to QROPS may be subject to 25% UKread more

SMSF Updates Seminar — Thursday, 30 March 2017 6pm

March 16th, 2017

Date – 30 March 2017, Thursday Time – 6:00pm – 8:00pm Venue – 5 Davidson Terrace, Joondalup Join us for an interesting evening as we discuss the recent changes that have taken effect with regard to superannuation legislation and what impact it has on you. The speaker of this event is McKinley Plowman’s Ian Gath.read more

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