When the Australian Government introduced a raft of measures to help support and stimulate the economy I the wake of the COVID-19 pandemic, there were implications beyond just the financial when it came to implement the changes. Of particular note is the JobKeeper wage subsidy, which was brought in to assist businesses in continuing to payread more
When someone passes away, a wide range of financial considerations can arise. From funeral expenses and insurance policies to the tax implications around inherited assets, the associated complexities are most unwelcome at what is already a particularly stressful time. In this article, we’ll be focusing on that last example - particularly how Main Residence Capitalread more
Forming part of the Government’s Coronavirus stimulus package measures, the SME Loan Guarantee scheme was introduced to provide working capital support to Small and Medium Enterprises (SMEs) with an annual turnover of less than $50 million. Since its initial phase, the Government has announced changes to the scheme to broaden its reach and provide moreread more
Welcome to the 2020/21 McKinley Plowman Federal Budget Update! In a year filled with uncertainty, turmoil, crisis, and economic downturn, the Morrison Government’s Budget was always poised to be one filled with recovery measures to get the Australian economy back on track – looking at both the short- and long-term. While the majority of theread more
In a year of ups and downs (perhaps mostly downs), people have naturally started thinking about what they would do if something happened to them. Whether that’s getting sick, suffering a long-term injury or disability, losing their job, or worse – it’s important to know that you and your family will be looked after. That’sread more
Off the back of a rough 2020 so far, the Western Australian property market is still hovering around the bottom of the cycle across both residential and commercial sectors. As we’ve outlined in the past couple of property updates, including our August edition, a glass-half-full approach to looking at the situation can uncover some importantread more
The success of a business can be measured in a number of ways, but the bottom line, literally and figuratively, is profit. While longevity, public perception, and product or service quality are a few things that factor in, the financial health of a business will always be a critical metric in determining its value -read more
The impact of COVID-19 has been vast and complex – and super, particularly Self-Managed Superannuation, is no exception. As the government continues to bring in and tweak economic stimulus measures to help people and businesses keep their heads above water, some changes have been made to SMSFs and what funds are allowed to do duringread more
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