Blogs & Resources
15 May 2023
Taxation Planning – Diverting Income
Taxation Planning – 6 ways of increasing your business deductions. Warning&nbs…
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8 May 2023
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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3 May 2023
Taxation Update - May 2023
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - Last chance to claim deductions under tempor…
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30 April 2023
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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22 April 2023
What is tax planning?
Warning - What can tax planning do to the value of your business - https://mcnamaraandco.au/blog/tax-planning-v-value-planningGenerally speaking tax planni…
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5 April 2023
Taxation Update - April 2023
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers: - New 15% super tax to apply from 1 July…
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14 March 2023
Tax Planning v Value Planning.
As an accountant working with small businesses, we are often asked by clients the best way to reduce their tax position.Minimising you tax liability is a great …
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5 March 2023
The Three Freedoms of your Business.
Do you understand the 3 areas of your business that will improve your overall lifestyle? Financial FreedomDo you know your cash position?Can you pay bills …
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24 February 2023
Transfer Balance Cap Increased
For the 2024 financial year, the transfer balance cap in peoples Superannuation Funds will be increased by $200,000 from $1.7 million to $1.9 million.Effectivel…
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22 February 2023
Still Working from Home?
The ATO has release some guidance on claiming working from home deductions, please refer to the below for further explanation.Practical Compliance Guideline - P…
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20 February 2023
Employee or Contractor?
The Australian Taxation Office (ATO) has issued the following as a result of a recent ruling in the High Court:- Draft Ruling TR 2022/D3 PAYG withholding: who i…
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6 February 2023
Tracking your Business Value.
People monitor their shares and property values all the time, however, they are usually oblivious to the value of their business.Many business values are calcul…
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26 January 2023
Working Capital – Understand It and Improve It.
Working capital is your current assets less your current liabilities.It demonstrates that if a business has sufficient net funds available to meet its financial…
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10 January 2023
11 Profitability Measurements to Understand
Measuring and understanding the profitability of a business is vital to its success.The accounts that help to measure and effect your profitability include:Prof…
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6 January 2023
Revenue Growth and Cost of Goods / Services Growth
Most businesses strive for increases in their revenue. Revenue Growth is great, but it should be done with the value in mind. Ideally for a business t…
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20 December 2022
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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