Blogs & Resources
16 July 2021
Payment of Dividends or Wages, which is better?
We are often asked whether it’s better for a business to pay Dividend or Wages. The following are useful points to consider:Consider when paying a dividen…
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9 July 2021
Self Managed Superannuation Funds (SMSF) - limit on members to be increased from 4 people to 6.
LinkIf you would like to discuss further please contact us:McNamara & Company - Chartered Accountants, located minutes from the Melbourne CBDwww.mcnamaraand…
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8 July 2021
Taxation Update - July 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers:- Super guarantee contribution due date for June 2021 quart…
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1 July 2021
Happy New Year and Best Wishes for 2022.
Happy New Year and Best Wishes for 2022.McNamara & Company…
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29 June 2021
How do super contributions reduce my tax?
Making concessional superannuation contributions is an effective way to minimise your tax as we approach the end of the 2021 financial year. Typically, the…
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23 June 2021
Reduce you tax by 30 June 2021.
A full deduction for the cost of eligible assets (i.e., regardless of cost) first acquired and first used (or installed and ready for use) for business purposes…
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2 June 2021
Taxation Update - June 2021
Please subscribe to our newsletter for our latest taxation update, our most recent newsletter covers:- Cryptocurrency under the microscope this tax time- T…
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31 May 2021
Your Business Safety Margin.
The Margin of Safety is a measure or Key Performance Indicator (KPI) of how far your sales can fall before reaching your breakeven point. It is a measure …
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30 May 2021
Business defence
When business is bad or when tough times are ahead it is important to have a good understanding your business position. Liquidity ratios are important to b…
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25 May 2021
Reduce your tax - 9 things to consider for 2021 tax planning.
Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2021 financial year.9 areas to consider:1. &nb…
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22 May 2021
At what point will you start making money?
The Break Even Point is a crucial measurement for business and is often over looked.Your Break Even Point is essentially: 1. The point of zero…
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21 May 2021
Revenue is Vanity I Profit is Sanity I Cash Flow is Reality.
Often people will measure the performance of their business on its turnover, ‘We had a great month we turned over 1.5 million’.While increasing your…
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13 May 2021
Time for a Business Plan.
A business plan should ultimately be tailored to your particular situation, be concise and easy to understand and follow. While completing your business p…
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6 April 2021
Taxation Planning - Selecting an appropriate tax vehicle
Using the right accounting / taxation structure can have a dramatic effect of the amount of tax you will pay and how protected your assets are.When it comes to …
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5 April 2021
Reduce your tax - 9 things to consider for 2021 tax planning.
Businesses and Individuals should be reviewing their affairs to ensure the best possible tax outcome for the 2021 financial year.9 areas to consider:1. &nb…
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1 April 2021
Tax Planning – Review your Fixed Asset Register; Stock Ledger; Debtors Ledger
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