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Articles by Nigel Plowman

5 End of Financial Year Resolutions for your Small Business

June 27th, 2019

Getting your personal finances in order at the start of the new financial year is nothing new – we even looked at that in a recent article! But what about those of us in business? Whether your 2018/19 financial year was one of your best or one of your toughest, there’s always room for improvement.read more

Running a business? It’s okay not to be great at everything…

June 11th, 2019

Starting and running your own business is exciting, challenging and, at times, incredibly busy. Best of all though, it can be one of the most rewarding things you’ll ever do. A common reason for setting up a business is because a person knows that they’re really good at something, and wants the potential flexibility andread more

The ATO’s rental property crackdown – a potential audit goldmine

May 10th, 2019

Do you own a rental property? Off the back of finding that the vast majority of rental property owners are making mistakes on their tax returns, the Australian Taxation Office (ATO) is now scrutinising related deductions closer than ever. This has led to the announcement of increased audit activity, in order to ensure ongoing complianceread more

Getting Started in Property Development

April 1st, 2019

The dreams of a steady passive income, financial stability and a lavish retirement draw a lot of people to property investment and property development. Whether this comes in the form of subdividing the family block; purchasing an existing home and replacing it with units; or developing a multi-story apartment complex, property development can be lucrativeread more

Merry Christmas from McKinley Plowman!

December 18th, 2018

Christmas is here at last! As the year draws to a close, the team at McKinley Plowman would like to wish everyone a very Merry Christmas. We’ve been privileged to work with awesome clients again this year; seen our team grow; and learned a lot along the way. 2019 is shaping up to be evenread more

Small Business Update – Market Snapshot

December 11th, 2018

For those looking to get into small business, gaining an understanding of the state of the market, competition and current areas of concern is important in guiding business decisions, particularly in the early stages. The Australian Taxation Office (ATO) has recently released some interesting insights into the small business sector, particularly around what small businessesread more

Small Business Market Update

August 6th, 2018

The strength of the small business market in Western Australia appears to be aligned somewhat with the real estate market over the past five years, a trend which is reflected across the country to a certain extent. Nationally, strengthening business conditions should facilitate reasonable selling conditions, while the effects of the Banking Royal Commission hasread more

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