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McKinley Plowman Property Seminar – AUGUST 9th
July 5th, 2018At McKinley Plowman, we’re always on the lookout for ways to help you reach your financial goals, both short and long-term. With that in mind, we’re hosting a property seminar on Thursday August 9, in conjunction with Performance Property Advisory. The goal of this seminar is to educate clients and encourage future wealth creation andread more
McKinley Plowman’s Top Tax Time Tips
July 3rd, 2018Tax time is upon us! While this isn’t necessarily a time of year most people get excited about, something that motivates most people is a potential tax refund. Even in situations where you might not be eligible for a refund, legally reducing your taxable income to minimise your tax liability is always a bonus. Nowread more
Super Guarantee Amnesty – What does it mean for your business?
June 18th, 2018Do you think you may have outstanding Superannuation contributions owing on behalf of your employees? If so, read on – you may well have a chance to rectify the issues whilst avoiding late payment penalties. What are the details? The Australian Taxation Office (ATO) has estimated that $2.85 billion is currently owed in late orread more
Subdividing and Building on the Family Property – What are the CGT Implications?
May 28th, 2018Have you ever thought about subdividing your family property, rather than buying another piece of land to do the same? Make sure you’re aware of all of the Capital Gains Tax (CGT) implications of taking this route. CGT can already be a complex area for the uninitiated, and this is certainly no different when itread more
Claiming Work-Related Car Expenses
May 14th, 2018Have you ever claimed work-related car expenses? The Australian Taxation Office (ATO) is increasingly concerned about taxpayers making false claims, whether inadvertent or deliberate, and will be focusing on it closely. According to the ATO, around 3.5 million made work-related car expense claims last year, totalling around $8.8 billion. As this is such a highread more
Budget Update 2018/19
May 10th, 2018Federal Treasurer, Mr Scott Morrison, handed down the 2018/19 Budget on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”. Mr Morrison has stated that the Budget plans to return the economy to balance by 2019/20, oneread more
Franchising – What are your Tax Obligations?
April 30th, 2018Are you thinking about taking on a franchise? Many Australians become franchisees of large companies to leverage existing brand power and customers, whilst also giving themselves the opportunity to run their own small business. As attractive as this type of business setup might look, it is crucial to understand all the related tax obligations, feesread more
How a Coaching Culture Attracts, Retains and Improves Staff
April 23rd, 2018With job tenure in Australia averaging 3 years and 4 months across industries, job mobility is higher than it has ever been. The introduction of easy to use job seeking tools, greater access to education and upskilling, and a more flexible employment market has meant that people are somewhat less motivated to remain in theread more
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