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Posts Tagged ‘business improvement’
National Minimum Wage Increase – Time to Review Your Payroll?
June 18th, 2025From 1 July 2025, the National Minimum Wage and award minimum wages will increase by 3.5%. That means the new base rate for employees not covered by an award or enterprise agreement will increase to $948 per week or $24.95 per hour. At the same time, award minimums will also rise by 3.5%, affecting manyread more
2025 End of Financial Year Business Preparation
June 13th, 2025At this time of year, we find ourselves having regular discussions with clients about best business practice for 2025 End of Financial Year preparations. This can include end of year payroll, transitioning to cloud-based software for the first time, changing software providers, or simply reviewing data file accuracy. A proactive approach and mindset are keyread more
How to Grow Your Business – Five Key Focus Areas
May 14th, 2025For the vast majority of business owners, the goal for the first few years is to achieve stability – predictable cashflow, a steady stream of customers and new business, and certainty around the future. Once things have stabilised, some take a breather and rest on their laurels. Others look to take active steps towards buildingread more
Equipment Finance – EOFY Deductions Await!
April 23rd, 2025As the end of financial year (EOFY) approaches, Australian business owners are presented with a strategic opportunity to enhance their operations and optimise their tax position through equipment finance. Financing new equipment or vehicles is not only a pathway to modernising and increasing the efficiency of your business but can also provide significant tax advantagesread more
How to Get the Best Business Loan
February 13th, 2025Securing a business loan is a crucial step for many Australian business owners looking to start, grow, or stabilise their operations. However, simply obtaining a loan does not guarantee that you have secured the best terms, lowest interest rates, or most suitable product for your needs. Lenders evaluate businesses based on various factors, and understandingread more
How to Measure Marketing ROI
January 22nd, 2025Marketing Return on Investment (ROI) is one of the most critical measures of success for any business. By calculating ROI, business owners can evaluate the effectiveness of their marketing strategies, maximise revenue, and optimise their marketing budgets. This guide will help you confidently measure and interpret ROI for your marketing activities. What is Marketing ROI?read more
Marketing Performance: Embracing the Measurable and Unmeasurable
November 22nd, 2024Marketing performance is more than just numbers; it’s about striking the right balance between data-driven insights and the intangible qualities that create brand loyalty and recognition. As a business owner, understanding which marketing elements can be quantified and which cannot is crucial for making effective decisions about your marketing strategy. There’s plenty to explore onread more
Selling a Business in WA: Your Guide to Success
November 15th, 2024Selling a business in WA is a significant step and often one of the most pivotal moments for business owners. With McKinley Plowman’s extensive expertise in business transitions, this guide will walk you through every essential step, from early preparation to final transfer. The goal is to ensure your sale process is smooth, profitable, andread more
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