Blogs & Resources
21 January 2018
7 reasons to improve your Inventory (Stock) Management.
Businesses will often without realising carrying too much or too little Inventory (Stock).
Inventory effects both the profit and loss and balance sheet of a …
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8 January 2018
Do you need help with your business goals for 2018?
Business advisory can be a highly effective way of improving your business outcomes.
At McNamara and Company our goal is to equip you with the …
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31 December 2017
7 Key Performance Indicators (KPI) to focus on when growing your business?
Growing your business is something that many business owners want to do. To measure your overall business growth and understand what drives your growth, b…
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19 December 2017
Are gifts to clients / customers tax deductible?
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:
1. Promote and / or advertise your …
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19 December 2017
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…
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10 December 2017
5 ways to improve the Return on Equity in your business.
This is a ratio that focuses on the return earned by owners on their investment in their business.
It is simply calculated by dividing the net …
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9 December 2017
5 things that your Net Profit Margin will tell you about your business.
The Net Profit Margin summarises all the profit and loss items involved in your business for a certain period, most commonly a financial year and compares them …
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6 December 2017
Taxation Update - December 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
Parliamentary update
ATO relie…
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1 December 2017
5 things that your Gross Profit Margin will tell you about your business.
The Gross Profit Margin is a common but often overlooked calculation for business.
1. It determines how much profit a business is…
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12 November 2017
What is your Revenue Growth Rate?
Revenue Growth Rate is a great Key Performance Indicators (KPI) for measuring the rate that your business is growing in terms of sales. Revenue and sales …
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5 November 2017
8 Key Performance Indicators (KPI) used to measure the financial performance of your business.
From my experience a lot of business owners pay little attention to their business financial statements, despite this information being readily available. …
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4 November 2017
Taxation Update - November 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Reporting of transfer balance account i…
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29 October 2017
9 Income Tax Concessions for Small Business.
1. Simpler depreciation rules – instant asset write-off
Assets that are less than $20,000 can be written off immediately.
2.&nbs…
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11 October 2017
Taxation Update - October 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. No small business tax rate for passive …
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8 October 2017
What are some of the benefits of Small Business Concessions?
Small businesses can access a range of concessions including payment and reporting options. This applies to sole traders, partnerships, companies or trusts.&nbs…
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28 September 2017
Deductions that you can claim - The Australian Taxation Office (ATO) provides guidance on what deductions can be claimed as an individual tax payer or as a business.
As an individual tax payer, you are entitled to claim certain deductions. The Australian Taxation Office (ATO) has provided some guidance on what you can …
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