Business Check

Blogs & Resources

15 May 2025

Taxation Planning – 8 ways to reduce your assessable income.

Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planningReducing / deferring your ass…
Learn more

7 May 2025

Taxation Newsletter - May 2025

Please contact our office for a copy of our May 2025 Newsletter, where the following is discussed:•    How to manage business day-to-day transact…
Learn more

30 April 2025

Tax Planning Time.

Generally speaking tax planning is when a tax payer (whether it is an individual; trust; company; partnership or superannuation fund) organises its / their affa…

Learn more

9 March 2025

Important Tax Update – Bendel’s case - Commissioner of Taxation v Bendel [2025] FCAFC 15 (19 February 2025).

The above case may lead the way for taxpayer to be able to use corporate beneficiaries with more flexibility.   Basically, distributions from a discre…
Learn more

20 February 2025

Important tax update: Government / ATO to deny interest deductions

On 13 December 2023, the federal government announced it will amend the tax law to deny deductions for Australian Taxation Office (ATO) interest charges. &…
Learn more

2 January 2025

The power of 1.

Most sporting coaches will talk to their players about the importance of the of the 1 percenters.  Improving by 1 percent. The same is relevant for bu…
Learn more

16 December 2024

2025 New Year’s Resolutions. Goal Setting.

Most businesses would like to improve and therefore set goals in the following areas:Revenue GrowthProfit ImprovementCash flow ImprovementIt is then a matter of…
Learn more

24 November 2024

Tax Tips for Christmas

3 Tax Tips for Christmas:Giving Employees Gifts at Christmas Time.Are gifts to clients / customers tax deductible?Can I claim my Christmas party as a tax deduct…
Learn more

19 November 2024

Can I claim my Christmas party as a tax deduction and what are the fringe benefit tax implications?

Generally speaking, if a party / function is held off the employer's premises and the cost per head is less than $300 the cost will be exempt from Fringe Be…
Learn more

14 November 2024

Giving Employees Gifts at Christmas Time.

Generally, the most tax effective outcome when providing Employees with gifts is to ensure that the following is adhered to:1. The gift is less than $300, Goods…
Learn more

11 November 2024

Payday super and its effect on your cash flow.

From 1 July 2026, employers will be required to make superannuation contributions at the same time as their employees regular wages. Currently superannuati…
Learn more

4 November 2024

Taxation Newsletter - November 2024

Please contact our office for a copy of our September 2025 Newsletter, where the following is discussed:- Hiring employees for the festive season- Lodging and p…

Learn more

24 October 2024

Can I use my Self Managed Super Fund (SMSF) for a property development?

Yes, provided that it uses it own funds to conduct the development.  Borrowed funds can not be used for the development. Borrowed funds can be used to…

Learn more

20 October 2024

Can I access my super to pay my mortgage?

Yes, provide certain conditions are satisfied. With mortgage stress becoming a sad reality for many people, the ATO will allow you to access your super fun…
Learn more

18 October 2024

Business Owner – Can I buy a commercial premises in my Super Fund and lease it to my business?

Yes, refer to Section 109 and 71 (1)(g) of the Superannuation Industry Supervision Act 1993.Provided that the terms and conditions of the transaction are no mor…

Learn more

17 October 2024

Can I sell my business tax free?

The short answer is YES if you meet certain criteria.Small business capital gains tax concessions allow the owners of small businesses to disregard or def…

Learn more

Ready to take your first step to better business and unlock opportunities for true business value?

Together we'll help you evolve and thrive.