Our Financial Blog

Check this page regularly for updated advice, tips and current financial interest topics and articles.

HAPPY NEW YEAR 2023

HAPPY NEW YEAR 2023 As the 2022 financial year has come to a close, I thought I would welcome you with some relevant changes that will affect the majority of my client base for 2023. Before starting with the tax changes, I do not have that elusive crystal ball that...

read more

2022 BUDGET IMPLICATIONS FOR INCOME TAX

Well if you did not know there was an election coming, you certainly do now after the budget. The main changes that will affect individuals and businesses are set out below: INDIVIDUALS Low and Middle Income Tax Offset The low and middle income tax offset will be...

read more

IS A CASHFLOW FORECAST MORE IMPORTANT NOW THAN IT EVER WAS?

A well known statistic is that 50% of small businesses fail in the first three years. The main issue is poor cash flow management. After two years of COVID, if your business was lucky enough to survive, tougher times may be ahead. Some reasons for this is: No more...

read more

ARE YOU KEEPING COUNT AND CONTROL?

In my book, I dedicate a chapter about keeping track of your financial performance, and now more than ever, this should be core to every small to medium-sized business owner. I have had many clients contact me about rising costs in the last month. But I know many...

read more

WHY DO ATO DISLIKE TRUSTS?

In the last few weeks the ATO has issued a new Draft Ruling that focuses on Trust Distributions. Essentially they are trying to reduce who you can issue Trust Distributions to so they get the taxpayer paying more tax. The result is that family groups will need to...

read more

Contact Us

mark@mcaccg.com.au

(02) 9923-2959

Suite 302, Level 3, 83 Mount Street, North Sydney

facebook.com/mcaccg/