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
Are you operating a small business? Have you opted to use the simplified depreciation rules? If so, in April 2019 your immediate write off threshold was increased to $30,000. So – if your small business’ turnover is less than $50 million, here is what you need to know: What is the immediate write off threshold?read more
As life moves forward, it is important to be more mindful of where our money goes, and how we allocate our spending. This is particularly relevant at retirement, as our regular source of income can change from wages to a pension. Recent statistics released by the Australian Bureau of Statistics outlines the spending habits ofread more
Engage clients and bringing in new business leads - savvy business owners have understood for some time that positive branding and strong online presence is necessary for growing their customer base. Increasing these opportunities often leads business owners down the well-trodden paths of traditional marketing tools such as TV and radio advertising, and more recently,read more
Ever thought about selling on Amazon? While it may seem a daunting prospect, MP+ is starting to see success stories come through from clients who have made the leap. We’ve thoroughly enjoyed working with these clients in setting up their business structures, and planning their tax strategies to make the most of their new venturesread more
Stuck with cash flow in your business? Need a better way to invest in new equipment or stock? MPM Finance is showing business owners how competitive invoice/debtor financing can be used to improve cash flow and grow a business. Invoice/Debtor Financing is a facility which enables a business to realise the cash benefit of theirread more
Welcome to the March-April edition of the McKinley Plowman Newsletter! In this issue, we're taking a look at a handful of different topics for both business owners and individuals. https://mailchi.mp/c9cad6502235/mp-newsletter-mar-apr-2019read more
In the sometimes morbid world of estate planning, it can be easy to bury your head in the sand and avoid having to make decisions that surround your death, or the death of a loved one. However, having those conversations and organising things like a will ahead of time is the best way to secureread more
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