McKinley Plowman & Associates

Tax Returns

We can prepare income tax returns to cater for all your needs whether they be individual, business or corporate.

You can draw on the wealth of experience that our expert team possess and be assured that all your taxation needs will be met in an efficient, timely and cost effective manner. We will direct you in any queries you may have and offer tax solution advice with a strong focus on tax minimisation.

Our review process is innovative and second to none. Our approach involves the utilization of the expertise of Accountants, Senior Accountants and Partners. It is the combination of experience from all of the above specialists that results in brainstorming sessions aimed at providing the best tax minimisation strategies for your individual and corporate circumstances.

Forward Tax Planning

At McKinley Plowman & Associates we provide effective tax planning options that enable you to minimise tax, evaluate your current business position, maximise future profits, and plan for all your legal and financial taxation obligations.

The first phase of our tax planning service involves the preparation of interim accounts and profit projections. We then advise you of your likely tax payable under the current circumstances and then provide you with a number of options to improve the results. There are a number of options available depending on your business record keeping systems and cost budget.

Business & Investment Structures

We can advise you in choosing the best structure to suit your individual requirements.

The choice of structure is very important in order to maximise your returns from the business and at the same time minimise the legal and economic risks as the owner.

The importance of the various considerations differs depending on your circumstances. To ascertain which is best suited to your business, you need to understand the advantages and disadvantages of all structures.

At McKinley Plowman and Associates we can advise you in the most appropriate structure for your circumstances.

In-house Accounting Systems

At McKinley Plowman and Associates we take an overall approach in helping you achieve your business goals. As such we offer assistance with in-house accounting systems to ensure that you are able to account for income tax, GST requirements and profit-performance.

Everyone carrying on a business must keep tax records. These must record and explain all the transactions and other acts engaged in that are relevant for tax purposes.

Good record keeping is vital in ensuring the success of your business. Properly set-up, you will satisfy Australian Taxation Office requirements and be able to evaluate the performance of your business to make informed business decisions.

We can assist you in the set up of your in-house accounting systems and provide information on the various computer software packages available to help you organise your records and comply with your record keeping requirements.

We are also able to recommend the services of our experienced bookkeeper, if this is required.

GST, PAYG, CGT, FBT

We can assist you in all areas of taxation including accounting for the Goods and Services Tax, the Pay-As-You-Go Instalment System, Capital Gains Tax, Fringe Benefits Tax and Employer obligations.

Each of these areas is complex and we can advise you in depth on all the information and legislative requirements that you need to be aware of.

ATO Objections and Audits

At McKinley Plowman & Associates we can liaise with the Tax Office on your behalf in the area of objections and appeals. Under your instruction we can correspond and confer with the Tax Office to come to a solution.

We are also available to assist with any Tax Office audits and if required provide representation on your behalf during the audit procedures.

International Tax

At McKinley Plowman & Associates we have specialist knowledge in international tax planning.

Our Partner Murray McKinley services our International clients who are seeking to migrate to Australia. He has scheduled visits to London, which is his European base, and is available to discuss any queries you may have.

Our affiliations world wide means that you can do business anywhere and have the benefit of local knowledge to support you.

Asset Protection

At McKinley Plowman & Associates, asset protection strategies are high on our agenda. You work hard to build your assets and it is vital to protect them at all costs. Our solutions deliver maximum asset control, tax flexibility and asset security.