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McKinley Plowman Federal Budget Update 2023-24
May 10th, 2023The 2023-24 Federal Budget was handed down on Tuesday 9 May 2023 by Treasurer Jim Chalmers of the Albanese government. The budget will return to a $4 billion surplus this financial year, followed by a $13.9 billion deficit the following year. Treasury forecasts under this budget inflation will fall from 6% this year to 3.25%read more
The Benefits of Tax Planning for Your Bottom Line
March 29th, 2023Tax Planning season is here! With 30 June fast approaching, now is the time to consider tax planning for your business. They say that if you fail to prepare, prepare to fail – or in this case, prepare to potentially deal with a hefty tax bill and disrupted cash flow! Getting a clear picture ofread more
WA Small Business Market Outlook 2023
February 2nd, 2023Are you thinking about selling or buying a business this year? If so, read on – there may be some great opportunities for you in the WA Small Business Market in 2023. The COVID-19 pandemic had far-reaching consequences across the business sector, starting with many businesses closing their doors permanently as a result of lockdowns,read more
Action Items to Navigate a Tough Economy
September 9th, 2022There is a lot going on at the moment that is contributing to increased pressure and stress on household budgets and businesses alike. With rising inflation prompting several interest rate rises and increased cost of living pressures, many Australians are looking for practical, actionable ways to improve their situation. Here we have some action itemsread more
Act Now to Secure Your .au Business Domain
August 24th, 2022You may be aware that in March of 2022, the .au Domain Administration (auDA) introduced a system allowing businesses, individuals, organisations and associates with an Australian connection to register a “.au” direct domain, shortening the existing format, often “.com.au” or similar. This was brought in to afford website owners the opportunity to use a shorterread more
Growing Your Business – Five Key Focus Areas
February 11th, 2022For the vast majority of business owners, the goal for the first few years is to achieve stability – predictable cashflow, a steady stream of customers and new business, and certainty around the future of the business. Once things have stabilised, some take a breather and rest on their laurels. Others look to take activeread more
Casual Employee Conversion – The Details
April 29th, 2021Casual employment serves many purposes within a workplace. For employees, it’s a good chance to work for a higher hourly rate (casual loading) and potentially work for a variety of employers concurrently. For employers, upshots include the fact that there is no requirement to accrue leave entitlements for casual employees, and that such employees canread more
MP+ Christmas Message 2020
December 22nd, 20202020 is nearly over – and with it, one of the most uncertain, challenging and exhausting years we’ve seen. Many industries and the businesses within them have suffered throughout this year, unfortunately with some of them having to shut up shop as a result of the pandemic. Overall, however, I am continually impressed with theread more
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