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Thinking of buying a business? Consider these things first!
February 24th, 2017Many people dream of becoming a business owner as it can be both personally and financially rewarding. There are options to consider regarding the type of business, for example starting from scratch to establish a brand new business or buying an already existing business. When the time comes for you to purchase your business, youread more
Increase Contributions at Lower Class 2 Rates to Maximise Your UK Pension
February 16th, 2017If you have ever worked in the UK then you will have paid National Insurance contributions. These contributions are paid by workers and employers towards the cost of certain state benefits, one of which is the State Pension. When you left the UK you may have filed away a letter from HMRC which confirmed howread more
5 Steps in creating a personal budget that works
February 12th, 2017One of the most important foundations to Financial Success is getting control over your finances to pay down debt faster, and/or accelerate your savings capacity. The first and most vital step towards this is creating a personal budget. A budget allows you to gain visibility with money in (income) and money out (expenses) and makeread more
The RBA Leaves the Official Cash Rate on Hold at 1.5%
February 9th, 2017With the new year underway, we’ve come to the first rate news for 2017. I'd like to share the latest rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. As widely predicted the RBA has kept rates on hold at 1.5% as it continues to look for theread more
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
Median House Price in Perth Increase Again in December
January 25th, 2017Recent data from REIWA reported that Perth’s median house price increased by almost 2% in the last quarter of 2016. The report highlighted that the median house price in Perth has seen growth of 1.9% ($535,000) in the three months to December. Real estate players welcome this trend as it suggests that the trade-up sectorread more
ATO Simplifies BAS for Small Businesses
January 23rd, 2017Good news to start the new year! The Australian Tax Office (ATO) has announced that they are working on making the Business Activity Statement (BAS) simpler for small businesses. The ATO said that they have “listened to the concerns of entrepreneurs, tax professionals, and software providers that BAS has too many GST labels,” making recordread 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
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