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McKinley Plowman Federal Budget Update 2020/21

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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

Exploring the Government’s COVID-19 Stimulus Package

March 13th, 2020

Are you concerned about the effect Coronavirus (COVID-19) might have on your business? The Federal Government has announced plans to release a stimulus package, to the tune of tens of billions of dollars, with a view to reduce the impact on businesses and the broader economy. Small businesses with apprentices, and businesses who have, orread more

Simplifying your Business’ Tax Obligations

February 26th, 2020

Starting and running your own business can be challenging, exciting, daunting, or even overwhelming at times. And that’s just in carrying out the day-to-day operations of the business, let alone the mountain of compliance requirements and paperwork required to keep everything above board. The shifting landscape of tax and compliance legislation can make it toughread more

AUSKey Soon to be Cancelled – Are You Ready?

February 17th, 2020

In case you’ve missed it – the Australian Taxation Office (ATO) will be retiring the AUSKey service on 27 March 2020, with a view to replacing it with myGovID and Relationship Authorisation Manager (RAM). This means if you’re currently using AUSKey to access the Business Portal, and you’re yet to sign up for MyGovID, youread more

Payroll Tax – How Does it Affect your Business?

November 11th, 2019

Considering all of the different taxes and obligations that employers have these days, it can be tough to keep up and remain compliant. But with recent changes to legislation, Payroll Tax is now back at the top of the agenda with business owners. The increase to the annual wages payable threshold means some businesses, fromread more

Working in the Cloud – What does it mean for your Business?

October 21st, 2019

As software and information technology continues to advance quickly, particularly in the business world, it can be overwhelming – and when legislation forces you to dive in head first, this is only enhanced. With the Australian Taxation Office (ATO) making Single Touch Payroll (STP) reporting mandatory as of 1 July 2019 for all employers, businessread more

Hiring an Employee? Don’t forget these steps…

September 20th, 2019

Businesses who take on employees often find the process exciting – a new starter can bring about new ideas, a better approach to the job, greater efficiency, and even a more manageable workload for the owner. But before you dive in head first and integrate a new employee, it’s important to have everything set upread more

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