Blogs & Resources
2 July 2014
ATO Security Alert!
Scammers impersonating ATO employees to extort money, Australians' personal data sold on black market
http://mobile.abc.net.au/news/2014-07-01/scammers-i…
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1 July 2014
What is a Family Trust?
Also known as a Discretionary Trust, it is essentially a relationship that is set out by a trust deed between a trustee and a beneficiary or beneficiaries. The …
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16 June 2014
Taxation and Accounting Checklists for 2014
2014 Income Tax Returns For Individuals - Checklist
Small Business Tax Return Checklist for 30 June 2014 - http://www.mcnamaraandco.com/blog/small-busi…
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16 June 2014
2014 Income Tax Returns For Individuals Checklist
Income
1. PAYG payment summaries for salary and wages
2. Lump sum and termination payments
3. Employer Allowances (i…
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16 June 2014
Small Business Tax Return Checklist for 30 June 2014
1. Income
a. Income from sales and/or the provision of services
b. Debtors listing as at 30 June …
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5 June 2014
How can I reduce and defer my tax liability when selling my investments?
Firstly if you defer the sale of an asset until after 30 June 2014 this will create a liability in the 2015 financial year. Typically the tax liability wi…
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3 June 2014
2014 Taxation Checklist and Update
If you would like to receive information on a 2014 Taxation Checklist please subscribe to our newsletter - http://www.mcnamaraandco.com
Information includes:…
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24 May 2014
How can I reduce my tax liability by paying superannuation?
By paying superannuation contributions prior to 30 June 2014 you will be able to claim the contribution as a tax deduction.
You will need to be mindful of th…
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21 May 2014
How can I reduce my taxation liability by reviewing my trade debtors?
Prior to 30 June 2014 you should review the trade debtors of your business for any bad debts.
Providing that your business is assessed for income tax on an a…
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19 May 2014
How can I minimise my tax using the income side of my business?
By deferring your invoicing / billing until after 30 June 2014, you will have an extra year to pay the tax on that income.
Provided your business can support…
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7 May 2014
What type of errors would stop your Company's Research and Development (R & D) taxation refund from being processed?
Learn more17 April 2014
What is the difference between tax avoidance (tax planning) and tax evasion?
Learn more11 April 2014
Is Taxation Planning legal?
As per the Australian Taxation Office (ATO) website, Taxpayers have the right to organise their affairs as to keep their tax to a minimum.
Often referred to …
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6 April 2014
When should I commence taxation planning and organise my taxation and accounting affairs?
Learn more2 April 2014
April 2014 Taxation Update Newsletter
If you would like a copy of our April 2014 Taxation Update Newsletter please subscribe through our website. http://www.mcnamaraandco.com/
If you wo…
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31 March 2014
A reminder that the Fringe Benefit Tax (FBT) year for 2014 ends today - 31 March 2014
A reminder that the Fringe Benefit Tax (FBT) year for 2014 ends today on 31 March 2014.
Motor vehicles that are owned by an employer and made available to an…
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