Blogs & Resources
14 August 2025
How is the $2 million aggregated turnover test calculated for the CGT Small Business Concessions?
Section 152-10 (1AA) of the Income Tax Assessment Act 1997 states – you will be a Small Business Entity if your turnover is less than $2,000,000. &n…
30 July 2025
Basic conditions for a business to access the Small Business CGT Concessions and reduce their liability
A taxpayer must satisfy either one of the CGT Small Business Entity (‘SBE’) tests:less than $2 million aggregated turnover;or the maximum net asset …
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24 July 2025
How to reduce your tax bill to NIL when selling your business.
The Small Business 15-Year CGT Exemption is the most generous of Australia’s four small business capital gains tax concessions. If you qualify, you can di…
30 June 2025
Happy New Year - 2026 New Year’s Resolutions. Goal Setting.
Happy New Year - What are you goals fro 2026?Most businesses would like to improve and therefore set goals in the following areas:Revenue GrowthProfit Imp…
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19 June 2025
Tax Planning – Review your Fixed Asset Register; Stock Ledger; Debtors Ledger
These three asset categories all can affect your profit and loss and therefore your taxable income. You should review your Fixed Asset Register to see if t…
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7 June 2025
Taxation Planning - Deferring capital gains events.
Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planningManaging the timing of a capi…
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25 May 2025
Taxation Planning – Diverting Income
Taxation Planning – Diverting income. Warning - What can tax planning do …
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21 May 2025
Taxation Planning – 6 ways of increasing your business deductions.
Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planningIncreasing your business dedu…
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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…
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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…
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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…
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…
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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. &…
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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…
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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…
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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…
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