Blog - Mike Crowley & Associates

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New location!

As of Monday 5 June, MCA will be located at 8 McNamara Street, ORANGE (next door to the Orange Clothing Company).

Feel free to stop in and say hello!

 

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Federal Budget Explained

 

As expected, the primary focus of the Budget was on housing affordability. The much discussed "First Home Savers Scheme" which allows first home owners to salary sacrifice savings into super for a deposit was included, as was the incentive for older Australians to downsize their family home and contribute proceeds into superannuation. The Medicare Levy will increase from 2% to 2.5% from 1 July 2019 to help fund the National Disability Insurance Scheme (NDIS). Good news for those retirees impacted by the Asset Test changes in January this year with the Government restoring the Pensioner Concession Card.

What other changes does the Federal Budget 2017 bring?

Read more: Federal Budget Explained

Business Valuation

people in bkground and a desk1.  Selling your Business

Knowing the true value of your business and how to increase earnings before interest and tax (EBIT) is crucial if you are eventually planning to sell. A business valuation will not only provide current market value but also an assessment of your business’ performance in multiple areas. You can use the valuation to set a strategic roadmap for development and improvement for your business. Implementing strategies each year to bridge the value gap will ensure the growth of EBIT & valuation multiples and you reach your desired business value by the time you plan to sell.

Read more: Business Valuation

Is it Tax Deductible?

 

We all want to pay less tax, right? To do that you need to know what you can claim… and what you can’t.  It’s not about cheating the system, or creative accounting. It’s all about claiming what you’re entitled to. That’s why we’ve developed the “Is it Tax Deductible” checklist.

Read more: Is it Tax Deductible?

Calling in the debts

TelephoneWhen nearing the end of the financial year it is always important for businesses to call in the debts. But of course, none of us likes to make these calls to our clients. Phone calls and face-to-face have proven to be the most effective form of communication for getting a response from your clients in regards to fees owing.

Here are three simple steps to ensure your phone call results in a debt paid.

 

Read more: Calling in the debts