Blogs & Resources

5 September 2024

ATO - Support-Based Fact Sheet

The Australian Taxation Office (ATO) have released a small business Fact Sheet to aid small business navigate the different areas of the Australian Taxation Sys…

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4 September 2024

Taxation Newsletter - September 2024

Please contact our office for a copy of our September 2025 Newsletter, where the following is discussed:•    Taxpayers can start lodging their ta…
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28 August 2024

ATO will start using data from property management software companies to assist landlords / taxpayers with their tax affairs and compliance.

According to the Gazette notice from the ATO the objectives of this program are: Help taxpayers to lodge their tax returns.Correctly report assessable inco…

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26 August 2024

Maximising deductions on your rental property.

The Australian Taxation Office (ATO) provides details, on what you are able to claim in your tax return for your investment property.  Claimable Expen…

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5 August 2024

Improving your Profit, Cash Flow and Business Value - Part 3.

Step 1 - BUSINESS VALUEPeople monitor their shares and property values all the time, however, they are usually oblivious to the value of their business.Many bus…
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4 August 2024

Improving your Profit, Cash Flow and Business Value - Part 2.

Step 2 - CASH FLOWCash flow is the lifeblood of your business, and if you can’t circulate it your business will die. Even if your overall business is prof…
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1 August 2024

Improving your Profit, Cash Flow and Business Value.

It’s no surprise that sales are an essential metric for business improvement and growth. After all, sales (or revenue) drives profitability. It’s al…

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23 July 2024

3 Critical Areas of your Business.

If you told me you wanted to run a marathon and were going to prepare for the big event by going for a slow jog once a week, I’d say you were crazy. In fa…
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21 July 2024

Cash flow versus profit?

A common issue that we hear is how can I be making a profit but yet I have no cash to pay myself and my bills.The first thing to remember is that your profit do…
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17 July 2024

What is my Break Even Point?

The Break Even Point is a crucial measurement for business and is often over looked.Your Break Even Point is essentially: 1.    The point of zero…

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30 June 2024

Time for a Business Plan.

A business plan should ultimately be tailored to your particular situation, be concise and easy to understand and follow.  While completing your business p…

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22 June 2024

New Year’s Resolutions. Goal Setting. 2025 Financial Year.

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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5 May 2024

Reduce your tax - 9 things to consider for 2024 tax planning.

Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2024 financial year.Warning - What can tax pla…

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3 May 2024

Tax Planning – Review your Fixed Asset Register; Stock Ledger; Debtors Ledger

Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planningThese three asset categories …

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2 May 2024

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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28 April 2024

Taxation Planning – Diverting Income

Taxation Planning – 6 ways of increasing your business deductions.                      Warning&nbs…
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