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Articles by Nigel Plowman

MP+ Federal Budget Update 2024-25

May 15th, 2024

The 2024-25 Federal Budget was handed down on Tuesday 14 May 2024 by Treasurer Jim Chalmers of the Albanese government. Mr Chalmers indicated a $9.3 billion surplus this financial year, following a $4 billion surplus last financial year. This is only the second consecutive budget surplus in two decades – however the likelihood is thereread more

Unfair Contract Terms (UCTs) – Australian Businesses on Notice

February 14th, 2024

Australian 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, 2024

Back 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, 2023

A 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, 2023

Operating 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, 2023

The 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, 2023

Tax 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, 2023

Are 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

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