Blogs & Resources
24 February 2018
Knowing the difference between revenue and profit
There is a vast difference between revenue and profit.
Revenue is the money generated by the sale of goods and / or services from a…
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24 February 2018
The importance of knowing the difference between revenue and profit?
There is a vast difference between revenue and profit.
Revenue is the money generated by the sale of goods and / or services from a business.
…
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17 February 2018
Taxation Update - February 2018
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
Further 'affordable housing'…
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11 February 2018
What is a Business Cash Runway?
The Cash Runway is also referred to as a Business Burn Rate.
The Cash Runway is a critical Key Performance Indica…
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26 January 2018
7 essential steps for improving your business success.
After working out what the Mission and Vision of your business are you will then need to link these to a plan of actions and measurements.The actions and …
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25 January 2018
6 Key Performance Indicators (KPI) to see if your business is in good health.
Ensuring that your business is in good health and able to take on financial challenges is important for the ongoing success of your business. Below ar…
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25 January 2018
The importance of tracking and controlling your Accounts Receivable (Debtors).
The debtors of your business are the final stage before all your business efforts turn to cash.
Account Receivables Days is the number of days it takes…
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21 January 2018
7 reasons to improve your Inventory (Stock) Management.
Businesses will often without realising carrying too much or too little Inventory (Stock).
Inventory effects both the profit and loss and balance sheet of a …
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8 January 2018
Do you need help with your business goals for 2018?
Business advisory can be a highly effective way of improving your business outcomes.
At McNamara and Company our goal is to equip you with the …
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31 December 2017
7 Key Performance Indicators (KPI) to focus on when growing your business?
Growing your business is something that many business owners want to do. To measure your overall business growth and understand what drives your growth, b…
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19 December 2017
Are gifts to clients / customers tax deductible?
Are gifts to clients / customers tax deductible?
Generally speaking yes. If the gift is designed to:
1. Promote and / or advertise your …
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19 December 2017
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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10 December 2017
5 ways to improve the Return on Equity in your business.
This is a ratio that focuses on the return earned by owners on their investment in their business.
It is simply calculated by dividing the net …
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9 December 2017
5 things that your Net Profit Margin will tell you about your business.
The Net Profit Margin summarises all the profit and loss items involved in your business for a certain period, most commonly a financial year and compares them …
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6 December 2017
Taxation Update - December 2017
Please subscribe to our newsletter for our latest taxation update, where the following topics are discussed:
Parliamentary update
ATO relie…
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1 December 2017
5 things that your Gross Profit Margin will tell you about your business.
The Gross Profit Margin is a common but often overlooked calculation for business.
1. It determines how much profit a business is…
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