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Benchmarking – How Does my Business ‘Stack Up’?

Accounting

Benchmarking – How Does my Business ‘Stack Up’?

July 27th, 2021

Have you ever wondered how your business ‘stacks up’ against similar businesses in your industry? What are all the other businesses doing that may be different to yours? What if there was a way you could measure the financial performance of your business on a regular basis? All of the above questions (and many more)read more

Small Business Lockdown Assistance Grants – A Quick Guide

July 23rd, 2021

Lockdowns and restrictions brought in as a result of COVID-19 outbreaks have had a significant impact on small businesses, their owners, and their staff. In an attempt to ease some of the financial hardship caused by the most recent WA lockdown and interim restrictions (12.01am Tuesday 29 June 2021 – 12.01am Tuesday 6 July 2021),read more

Cryptocurrency – Thinking Outside the Blockchain

June 18th, 2021

Blockchain technology is by no means a new concept, but its recent explosion in the mainstream consciousness (particularly around DeFi, NFTs and the price of Bitcoin) makes it worthy of further consideration – especially from a cryptocurrency tax and compliance point of view. The scope of blockchain-based activity is incredibly complex – it’s not asread more

The ATO’s Shift to Electronic Correspondence – What You Need to Know

May 5th, 2021

The Australian Taxation Office (ATO) is working to move the majority of their communications with business owners from paper-based and traditional mail to electronic correspondence. While the changes are welcome from an environmental and efficiency point of view, it does require some preparation and an increased level of attention on things such as MyGov andread more

6 Key Metrics to Understand Your Business’ Financial Position

January 28th, 2021

As is the case in every aspect of business, the financial side of any enterprise contains a lot of moving parts and requires not only a great deal of understanding, but a significant portion of your attention as well. While the day-to-day workload can get in the way of analysing your business’ financial position, thereread more

Taking a Closer Look at the JobMaker Scheme

November 20th, 2020

The JobMaker scheme was announced in the 2020/21 Federal Budget and follows on from a raft of changes and schemes brought in by the federal Government to reduce the impact COVID-19 has had on the Australian economy – particularly on employment. While we covered it briefly in our Federal Budget Update, now that some timeread more

McKinley Plowman Federal Budget Update 2020/21

October 7th, 2020

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

Superannuation Guarantee Amnesty – Deadline Coming Soon!

August 25th, 2020

Given everything that’s happened in 2020, you’ll be forgiven for forgetting a couple of things here and there.  One thing you won’t want to miss, especially if you have outstanding Superannuation Guarantee (SG) obligations, is the ATO’s Amnesty, which ends on the 7th September 2020. Superannuation Guarantee Amnesty: The Details The SG Amnesty has featuredread more

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