Blogs & Resources
26 January 2024
New Year’s resolutions and goal setting to position you for success.
We’ve all made New Year’s resolutions – personal or business – in early January with the best of intentions only to have them forgotten …
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30 November 2023
Tax tips to make your holidays brighter
The silly season can be tricky to navigate for businesses, regardless of your industry. While some may be winding down for the year, others might be kicking int…
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23 October 2023
Five pillars to drive business growth and improvement
Generate business growth and increase your business value with these five strategic pillarsWhether you’ve just started your business or you’re a bus…
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8 October 2023
What is Division 7A – Debit Loan Accounts
Division 7A (s 109B to 109ZE) ITAA 1936 applies generally to amounts paid, lent, or forgiven on or after 4 December 1997 by a private company to certain associa…
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1 September 2023
Financial Awareness Coaching
The better you understand your business, the easier it will be to make more money and improve cashflow.Management decisions rely on a sound understanding of the…
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6 August 2023
Does your business have sales / turnover of less than $2 million?
When you sell your business and provided that your business has sales of less than $2,000,000 per annum, you might be able to access the Small Business Tax Conc…
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27 July 2023
Small business energy incentive
This is a great incentive for businesses looking to become more energy efficient.Please note the following:1. It offers an additional 20% deduction on spe…
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10 July 2023
Inventory and Work in Progress (WIP) – Important Measurements
Inventory refers to the goods or materials held by a company for sale, in the process of production, or for use in its operations. It represents a key asse…
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7 July 2023
Trade Creditors – Important Measurements.
Trade creditors, also known as accounts payable, are amounts by a company to its suppliers for goods sold or services provided on credit. When a company pu…
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6 July 2023
Trade Debtors – Important Measurements.
Trade debtors, also known as accounts receivable, are amounts owed to a company by its customers or clients for goods sold or services rendered on credit. …
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30 June 2023
Happy New Year and Best Wishes for 2024.
Happy New Year and Best Wishes for 2024.McNamara & Company …
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28 May 2023
Reduce your tax - 9 things to consider for 2023 tax planning.
Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2023 financial year.Warning - What can tax pla…
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22 May 2023
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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17 May 2023
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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