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Interdependent Relationships in Estate Planning
July 31st, 2018Protecting family estates from hefty tax bills can be challenging, however there are little known concessions that can save beneficiaries tens of thousands of dollars in liability. Many people make the mistake of not fully accounting for the relationship between superannuation and estate planning when drafting their wills. Estates with large payments from a superannuationread more
New to running a business?
July 23rd, 2018Introduction Getting a business up and running for the first time is one of the most exciting financial ventures one can make, and may give you the financial control and freedom you’ve always wanted. However, it isn’t something that should be taken on lightly. There are a myriad of considerations that must be made whenread more
Payment Summary Changes under STP
July 19th, 2018As we’ve covered a few times over the past year, Single Touch Payroll (STP) is well and truly upon us. For employers with 20 or more employees as at 1 April 2018, STP must be implemented; while employers with 19 or fewer employees at 1 April 2018 can opt in at any time between nowread more
In The Media – Ian Gath hits the airwaves on Michael Worthington’s show “In Conversation”
July 11th, 2018Recently, our resident Superannuation Specialist Ian Gath was the special guest on Michael Worthington's "In Conversation" program. He discusses the current Superannuation landscape, Estate Planning, investment portfolios, and how his passion for Superannuation and Estate Planning has helped him establish himself as a leading professional in the field. Enjoy! https://youtu.be/t9ehcOC1E1w read more
McKinley Plowman’s Top Tax Time Tips
July 3rd, 2018Tax time is upon us! While this isn’t necessarily a time of year most people get excited about, something that motivates most people is a potential tax refund. Even in situations where you might not be eligible for a refund, legally reducing your taxable income to minimise your tax liability is always a bonus. Nowread more
Housing Affordability Update
June 25th, 2018The affordability of housing is often a pretty good indicator of economic performance overall, particularly as it involves income, expenditure, employment and government initiatives/funding. Reports from the March quarter this year have shown an improvement in housing affordability nationally over the previous quarter, particularly with the proportion of household income required to meet loan repaymentsread more
McKinley Plowman Payment Gateway – Now Available!
June 25th, 2018The McKinley Plowman Payment Gateway is now open! At McKinley Plowman, we’re always looking for ways to make your life a little easier. With this in mind, we’re excited to introduce our new Payment Gateway, which allows you to make credit card payments to us 24/7, over a 100% secure network that complies with theread more
Super Guarantee Amnesty – What does it mean for your business?
June 18th, 2018Do you think you may have outstanding Superannuation contributions owing on behalf of your employees? If so, read on – you may well have a chance to rectify the issues whilst avoiding late payment penalties. What are the details? The Australian Taxation Office (ATO) has estimated that $2.85 billion is currently owed in late orread more
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