Blogs & Resources
4 January 2015
What is a Critical Success Factor?
A Critical Success Factor (CSF) is something that is required for a business or organisation to succeed.For example: Attract and retain new clients / customers.…
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1 January 2015
How can you improve your Working Capital?
Working Capital is calculated as Current Asset – Current Liabilities.
Typically Current Assets consist of:
Trade Debtors / Receivables
Cash
I…
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31 December 2014
What is Working Capital and why is understanding and improving it important?
Working Capital can be defined as how liquid the assets of a business / organisation is. It is the operational liquidity.
It is calculated as:
Worki…
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23 December 2014
The importance of having good control of your debtors.
Improving your debtors performance is a good way of improving the use of your working capital.
Debtors can be defined as money that is owed to you. Typ…
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19 December 2014
What are the taxes that you will potentially be liable for as a business owner / operator?
As a business owner and depending on your revenue; transaction type; wages; and what you provide your employees - you may be liable for the following types of t…
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16 December 2014
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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16 December 2014
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:1. Promote and / or advertise your business;2. Generate goodwill between your busin…
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11 December 2014
McNamara and Co - Welcome to our new website.
We have just launced our new website.
If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located min…
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7 December 2014
Is changing your accountant a difficult thing to do?
It is a common misconception that changing accountants is a difficult process, especially when you have a business and multiple entities involved.
However th…
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1 December 2014
December 2014 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Year end staff parties.
2. Chr…
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29 November 2014
Is my business eligible for the Research and Development (R & D) Tax Incentive?
As prescribed by the Australian Taxation Office (ATO) Eligibility for the R & D Tax Incentive can be separated into three areas:
1. &nb…
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20 November 2014
What is the benefit of the Research and Development Tax Incentive?
The major benefit of the Research and Development (R & D) Tax Incentive is the Tax Offset.
Depending on the size of your business there are two Offsets a…
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18 November 2014
What are the six mains issues when considering applying for the R & D Tax Incentive?
Learn more8 November 2014
November 2014 - Taxation Update
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
1. Can you access your Superannuation for …
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