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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
What’s your New Year’s resolution going to be?
December 13th, 2016Another year is coming to an end as we head full throttle into the festive season, which will be sure to test our waistlines and our purse strings! It’s the time of year where we start to ramp up the social calendar, take a family trip and shop for those planned (and unplanned) gifts. Christmasread 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
Should you fix your home loan or investment loan
December 9th, 2016Interest rate movements have always been hard to predict, but even more so now that more lenders are acting independently of the RBA (Reserve Bank of Australia). In fact, several Banks have only recently increased their fixed rate and variable loans by approx. 0.10% - 0.20% without any RBA movement. Part of this is broughtread more
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