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Posts Tagged ‘accounting’
Business Benchmarking – How Does Yours ‘Stack Up’?
July 26th, 2024Business Benchmarking – How Does Yours ‘Stack Up’? Have you ever wondered how your business ‘stacks up’ against other 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?read more
How Investment Property Gives You Tax Back
June 4th, 2024Sometimes, the path to financial independence can feel like a never-ending cycle of earning, saving, and spending, with tax time thrown in for good measure to add a few more hurdles. So how do you get out of the rut and realise the financial and lifestyle aspirations you have for yourself and your family? Investmentread more
Succession Planning – Building Your Business Legacy
May 24th, 2024As a hardworking business owner, you understand that success doesn’t come easily – it’s earned through hard work, dedication, and relentless effort. So, when it’s time to step back from your business, how do you know it is in a position to continue to thrive? That’s where succession planning comes in… Succession Planning – What’sread more
McKinley Plowman’s 2024 Tax Time Tips
May 22nd, 202430 June 2024 is fast approaching, and with it – tax time. While this isn’t a time of year many people get excited about, the potential for a tax refund may be something to look forward to. Also given the Stage 3 Tax Cuts are being brought into effect from 1 July, tax time mightread more
How to Improve Profit and Cash Flow in Your Business
April 23rd, 2024The success of a business can be measured in a number of ways however the bottom line, literally and figuratively, is profit. While longevity, public perception, and product or service quality are a few other things that factor in, the financial health of a business will always be a critical metric in determining its valueread more
Why Are So Many Businesses Moving to Xero?
March 25th, 2024In a world of many options, business owners have several choices when it comes to the accounting software package they use, but Xero is by far the largest and fastest growing player in the market in Australia & New Zealand. That’s no coincidence – there are a number of reasons why so many business ownersread more
Act Now: ATO Interest Charges Will Soon be Non-Deductible
March 13th, 2024Do you have ATO interest charges hanging over you? Hoping to claim them as a tax deduction when you pay them off? If so, read on, because a recent Government announcement aims to put a stop to interest charge deductibility. Previously, general interest charge (GIC) and shortfall interest charge (SIC) could be claimed as aread more
Urgent: Have You Applied for Your Director ID Yet?
February 7th, 2024Back in 2021, we covered in an article the rollout of Director IDs by the Australian Business Registry Services (ABRS) – a measure intended to combat fraud and security issues in Australian businesses. Now we’re in 2024, the ABRS continues to engage with directors of companies that haven’t yet met their obligations – meaning ifread more
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