partners for life
As accountants and business advisers, we help clients make the most of their business expenditure from a tax point of view, and a number of clients ask us how corporate sponsorship affects their tax position, both when they’re considering sponsorship for a sporting club (or similar), and when they’re offering sponsorship opportunities for other businesses.read more
Ever wondered how the most successful, stable businesses get to where they are today? While there might be an element of luck or chance in how a business idea comes about, many can attribute part of their success to having a robust business plan in place. From long before “day one”, a business plan servesread more
As you may have heard, there are a number of changes being brought in by the Australian Government’s “Digital Business Plan” to combat fraud and security issues in businesses, measures which have brought about some obligations that require attention. Known as the “Modernising Business Registers” program, the Australian Business Registry Services (ABRS) is being established,read more
When businesses embark on an acquisition, the sheer amount of moving parts across things like contracts, purchase price, ongoing negotiations and much more means that the well-planned integration of a new business too often falls by the wayside. This is why around two-thirds of integrations fail. The fact is, onboarding a new business along withread more
As we outlined in a recent article, there are several critical factors that contribute to making an acquisition a success or failure. In this instalment of the McKinley Plowman Business Growth series, we’ll be digging further into the importance of what are commonly considered the key aspect, customers and revenue. Getting the necessary information togetherread more
“By failing to prepare, you are preparing to fail”. As quotes go, it’s one that applies pretty well across a range of situations we face in life and in operating a business, not the least of which when looking at business acquisitions as part of existing business growth plans. With all of the different factorsread more
As we’ve covered a few times over the past year, Single Touch Payroll (STP) is well and truly upon us. For employers with 20 or more employees as at 1 April 2018, STP must be implemented; while employers with 19 or fewer employees at 1 April 2018 can opt in at any time between nowread more
Amongst all the communication a business has with the Australian Taxation Office (ATO), it is perhaps understandable that some things can be overlooked. While every effort should be made to take on board all information from the ATO, a Director Penalty Notice (DPN) is one of the most important things not to miss. This willread more
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