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MP+ Supports Hampers for the Homeless
January 27th, 2017It’s been our culture at McKinley Plowman to get involved and help the community in any way we can. As part of our charitable drive, the MP+ team engaged in ‘Casual Dress Friday’ in exchange for a gold coin donation that went to a local charity, Truth Strength Freedom. MP+ client, Sarah Campbell established Truthread more
From Sole Trader to Company… Is My Business Ready?
December 17th, 2016A large number of small businesses in Australia generally start out as a sole trader as it is a simple and cost-effective business structure. As a sole trader, you have full control over the business. However when operating under this structure, you are personally liable for all aspects of your business, including debts. This meansread more
Changes to super rules mean planning is essential
December 12th, 2016Recent changes to superannuation legislation have raised some interesting points and highlighted that planning is key. Ian Gath, McKinley Plowman’s superannuation specialist explains how these changes may affect you. New pension rules From 1 July 2017, tax exemptions on super income streams are limited to pension balances of $1.6m for each tax payer. This meansread more
Are you ready for an ATO risk review & audit?
December 5th, 2016As technology develops so do the data matching capabilities of the Australian Taxation Office (ATO). It’s a powerful tool and can often lead to compliance risk reviews and ultimately tax audits. How does it work? The ATO obtains information from a number of sources including banks, other government departments and industry generally. The information isread more
Do you pay wages to employees, or are you an employee? Recent changes to tax tables may affect you!
December 2nd, 2016Tax tables have changed from 1 October Changes to individual tax rates for the 2016 – 2017 year were announced in the Government’s May budget. As a result, the Australian Taxation Office (ATO) has updated a number of tax tables taking effect from 1 October. How does this affect you? The key change is theread more
MP+ Pension Transfer Information Evening
December 1st, 2016Thank you to everyone who attended our information evening on 29 November. We had the pleasure of hearing from guest speaker Philip Parker, Executive Chairman/Chief Investment Officer from Altair Asset Management who discussed the market outlook for the GBP and explained their portfolio. Our pension transfer team explained the options available for transferring UK Pensions andread more
The US Presidential Election Results and Global Financial Markets
November 11th, 2016On Tuesday, 8 November 2016 (9 November in Australia), Republican Party candidate Donald Trump was elected America’s 45th president. This was a surprising result to many as the polls leading up to the election were predicting a Democratic Party (Hillary Clinton) victory. You may have read that the result is affecting global markets, and youread more
5 Tips to Ensure Your Business is Tax Compliant
November 10th, 2016Individuals and businesses are both subject to mandatory contributions to the government in the form of taxes, but tax compliance for business isn’t as straight forward as you may think. To avoid penalties it’s important to adhere to tax requirements set by the Australia Taxation Office (ATO) and settle obligations in a timely manner. We’veread more
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