partners for life
Posts Tagged ‘spending’
How Much Income do I Need to Retire?
July 5th, 2023Many Australians have a clear picture of the lifestyle they want to enjoy when they retire, but perhaps less is understood about the level of income required to achieve it. Whether you envision buying a brand-new caravan to set off around the country, construct a workshop out the back of your home to focus onread more
Family Office – Growing & Protecting Significant Wealth
May 31st, 2023In our article and newsletter content here at McKinley Plowman, we often touch on the importance of managing one’s finances effectively. This typically involves getting the basics right – setting a budget, making well-informed financial decisions, engaging with an adviser, and so on. While these are relevant for just about everyone, there are additional layersread more
A Fine Line Between Pleasure and Pain – Addressing Small Business Challenges
February 8th, 2023In the current economy, there are numerous challenges confronting Australian small businesses. We hear so often from our clients around the day-to-day challenges they face whilst trying to remain profitable and continue to enjoy what they do. Businesses in all manner of industries from medical to mining, hospitality to construction, and everything in between, areread more
WA Property Market Update December 2022
December 23rd, 2022The end of the year is upon us! And with that, we wave goodbye to a year full of challenges, optimism, opportunities, and everything in between. In the property market, we’ve seen the market turn from strong value growth to a noticeable cooling off – prompted largely by consecutive interest rate rises courtesy of theread more
Post-Festive Season Budgeting: Start 2023 on the Right Financial Foot
December 13th, 2022Exceeding your budget during the festive season isn’t unusual – as we've covered in an article in January 2020: Getting Back on Financial Track Post-Christmas. While many can eventually get on top of their debt, and financial stress and uncertainty about the year ahead isn’t unmanageable, but imagine how great you’ll feel if you takeread more
Corporate Sponsorship – Understanding the Tax Implications
September 30th, 2022As accountants and business advisers, we help clients make the most of their business expenditure from a tax point of view, and a number of clients ask us how corporate sponsorship affects their tax position, both when they’re considering sponsorship for a sporting club (or similar), and when they’re offering sponsorship opportunities for other businesses.read more
Combatting Rising Retirement Costs
September 23rd, 2022Throughout 2022, much has been made of the impact of growing inflation, rising interest rates, and cost of living pressures on businesses and families – but perhaps less attention has been given to retirement costs. Single retirees in particular have felt the strain, but no matter the living situation, the average Aussie retiree is nowread more
Action Items to Navigate a Tough Economy
September 9th, 2022There is a lot going on at the moment that is contributing to increased pressure and stress on household budgets and businesses alike. With rising inflation prompting several interest rate rises and increased cost of living pressures, many Australians are looking for practical, actionable ways to improve their situation. Here we have some action itemsread more
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