Blogs & Resources
22 July 2016
What is the difference between Net Profit, Operating Profit and Gross Profit?
Net ProfitNet Profit is what is left over in a business after all expenses and income have been taken into account. It takes into consideration:- &nb…
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17 July 2016
What are the benefits of improving your Working Capital Days in your business?
Working Capital Days is a financial measurement and can be used as a Key Performance indicator (KPI).
It is calculated as follows: (Current assets &nd…
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13 July 2016
What is the financial measurement Work In Progress (WIP) Days or Stock Days and how is it calculated?
This is a measurement of how quickly a business is using its Inventory or Work In Progress (WIP).
It is calculated as follows: Annual Cost of Goods So…
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10 July 2016
What is the financial measurement Creditor Days and how is it calculated?
This is also known as Payable Days and it is a measurement of how long it takes for a business to pay its suppliers.
It is calculated as follows:
Total supp…
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2 July 2016
Taxation Update - July 2016
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. ATO focuses on rental property ow…
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18 June 2016
What are the key Drivers of Revenue?
The 3 main drivers of your revenue are:1. The price you sell your products / services to your customers / clients for.2. The…
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12 June 2016
What are Business Performance Drivers in relation to Key Performance Indicators (KPI)?
Key Performance Indicators (KPI) are used in business to measure the performance of the business against criteria that are considered important if not vital to …
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4 June 2016
2016 Taxation Checklist for Businesses and Individuals + June 2016 Taxation Update
Please subscribe to our newsletter for our 2016 Taxation Checklist for Businesses and Individuals + June 2016 Taxation Update, where the following is discussed:…
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27 May 2016
Small Business Restructure Rollover and Discretionary / Family Trusts.
From 1 July 2016 Small Businesses are allowed to change their structure http://www.mcnamaraandcompany.com.au/blog/new-business-restructuring-rules-for-small-bus…
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22 May 2016
What does the new non-concessional superannuation contributions mean for tax payers?
Previously tax payers used to be able to make non-concessional contributions of $180,000 per year, with an option of using the 3 year bring forward rule allow…
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15 May 2016
What happens when I transfer my superannuation balance from overseas to Australia?
When you transfer a lump sum from a Foreign Superannuation Fund (FSF) to an Australian Superannuation Fund you will be assessable on the applicable funds earnin…
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8 May 2016
When considering the profitability of your business what Key Performance Indicators (KPI) should you consider?
The KPI's that are helpful when evaluating the profitability of your business include:1. Revenue Growthhttp://www.mcnamaraandcompany.com.a…
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5 May 2016
2016 / 17 Federal Budget
Please subscribe to our newsletter for our 2016 / 2017 budget update, where amongst others the following topics are discussed:
1. Changes to limits / caps fo…
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29 April 2016
May 2016 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Impending blowout from the leaked '…
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23 April 2016
End of Financial Year Checklists
As we are now into the final quarter of the financial year, it is important for businesses to evaluate not only their tax position but also their business perfo…
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16 April 2016
New Business Restructuring rules for Small Businesses.
From 1 July 2016 Small Businesses will be able to change their structure, i.e., move from a company to a trust without incurring a tax liability.
The busines…
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