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Accounting
MP+ 2025-26 Federal Budget Update
March 26th, 2025The 2025–26 Federal Budget was handed down on Tuesday, 25 March 2025 by Treasurer Jim Chalmers of the Albanese Government. After two consecutive surpluses, this year’s Budget marks a return to deficit, with a forecast shortfall of $42.1 billion for 2025–26. This year marks another Budget with relatively little for businesses, particularly small to mediumread more
Securing Your Legacy with Succession and Estate Planning
February 6th, 2025No matter your family’s asset position, complexity of structures, or business interests – it goes without saying that thorough and effective planning makes a world of difference to day-to-day operations. However, long-term Succession and Estate planning is often given less attention – though it really shouldn’t. Understanding the intricacies of Succession and Estate planning isread more
How to Simplify Your Business’ Tax and Compliance
January 31st, 2025No matter what business you run, being an entrepreneur can be challenging, exciting, daunting, and even overwhelming at times – and that’s just in day-to-day operations, let alone the tax and compliance requirements required to keep everything above board. The shifting landscape of tax and compliance legislation can make it tricky to stay on topread more
Selling a Business in WA: Your Guide to Success
November 15th, 2024Selling a business in WA is a significant step and often one of the most pivotal moments for business owners. With McKinley Plowman’s extensive expertise in business transitions, this guide will walk you through every essential step, from early preparation to final transfer. The goal is to ensure your sale process is smooth, profitable, andread more
Business Benchmarking – How Does Yours ‘Stack Up’?
July 26th, 2024Business Benchmarking – How Does Yours ‘Stack Up’? Have you ever wondered how your business ‘stacks up’ against other businesses in your industry? What are all the other businesses doing that may be different to yours? What if there was a way you could measure the financial performance of your business on a regular basis?read more
2024 End of Financial Year Business Preparation
June 21st, 2024At this time of year, we find ourselves having regular discussions with clients about best business practice for 2024 End of Financial Year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. A proactive approach and mindset are keyread more
MP+ Federal Budget Update 2024-25
May 15th, 2024The 2024-25 Federal Budget was handed down on Tuesday 14 May 2024 by Treasurer Jim Chalmers of the Albanese government. Mr Chalmers indicated a $9.3 billion surplus this financial year, following a $4 billion surplus last financial year. This is only the second consecutive budget surplus in two decades – however the likelihood is thereread more
Act Now: ATO Interest Charges Will Soon be Non-Deductible
March 13th, 2024Do you have ATO interest charges hanging over you? Hoping to claim them as a tax deduction when you pay them off? If so, read on, because a recent Government announcement aims to put a stop to interest charge deductibility. Previously, general interest charge (GIC) and shortfall interest charge (SIC) could be claimed as aread more
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