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Unfair Contract Terms (UCTs) – Australian Businesses on Notice
February 14th, 2024Australian business owners are now on notice, following significant changes to the Unfair Contract Terms (UCT) regime under the Australian Consumer Law, effective from 9 November 2023. The changes are aimed at protecting Australian businesses and consumers, and ensuring standard form contracts are fair to all parties. This legislation brings with it substantial penalties, soread more
Urgent: Have You Applied for Your Director ID Yet?
February 7th, 2024Back in 2021, we covered in an article the rollout of Director IDs by the Australian Business Registry Services (ABRS) – a measure intended to combat fraud and security issues in Australian businesses. Now we’re in 2024, the ABRS continues to engage with directors of companies that haven’t yet met their obligations – meaning ifread more
Festive Season Reflections & Looking Towards 2024
December 13th, 2023A message from Founding Director, Nigel Plowman. As the end of the year approaches and we enjoy the festive season, it’s a time for reflection on 2023. It's been a year of growth, challenges, and immense satisfaction here at McKinley Plowman, and I'm excited to share some of these highlights with you. Transformation and Growthread more
Protecting Intellectual Property in Your Business
July 18th, 2023Operating a business will typically see business owners and managers get wrapped up in day-to-day operations. As time goes on, the success of a business relates directly to the growth and development of those involved in management and operations – but how often do we reflect on it? How do we place a value onread more
McKinley Plowman Federal Budget Update 2023-24
May 10th, 2023The 2023-24 Federal Budget was handed down on Tuesday 9 May 2023 by Treasurer Jim Chalmers of the Albanese government. The budget will return to a $4 billion surplus this financial year, followed by a $13.9 billion deficit the following year. Treasury forecasts under this budget inflation will fall from 6% this year to 3.25%read more
The Benefits of Tax Planning for Your Bottom Line
March 29th, 2023Tax Planning season is here! With 30 June fast approaching, now is the time to consider tax planning for your business. They say that if you fail to prepare, prepare to fail – or in this case, prepare to potentially deal with a hefty tax bill and disrupted cash flow! Getting a clear picture ofread more
WA Small Business Market Outlook 2023
February 2nd, 2023Are you thinking about selling or buying a business this year? If so, read on – there may be some great opportunities for you in the WA Small Business Market in 2023. The COVID-19 pandemic had far-reaching consequences across the business sector, starting with many businesses closing their doors permanently as a result of lockdowns,read more
Action Items to Navigate a Tough Economy
September 9th, 2022There is a lot going on at the moment that is contributing to increased pressure and stress on household budgets and businesses alike. With rising inflation prompting several interest rate rises and increased cost of living pressures, many Australians are looking for practical, actionable ways to improve their situation. Here we have some action itemsread more
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