by Peter McCarthy | Jun 27, 2017 | Taxation
With the 2017 Financial Year coming to an end we want you to be aware that if you use a trust, you need to complete your trust distribution resolutions before 30 June. Why? To avoid paying extra tax of up to 49% of Trust profits. Trustees who distribute income of a...
by Peter McCarthy | Jun 22, 2017 | Taxation
There is good news and there is bad news. This may sound like an odd rule, but claiming a deduction for interest borrowed to pay your tax debt is an allowable expense, as long as you are running a business. In 1990, the ATO was asked about the tax deductibility of...
by Peter McCarthy | Jun 15, 2017 | Staff
We are honoured to be announced as finalists in the 2017 Lake Macquarie Business Excellence Awards. With nominations in 3 categories; Excellence in Branding and Marketing, Excellence in Business Practices and Excellence in Customer Service by an Individual –...
by Peter McCarthy | May 15, 2017 | Street Talk
We recently caught up with Joshua Davidson from Contemporary Plumbing Services to discuss his business and the state of the construction industry in Newcastle. What is the main reason you got into the plumbing industry? I always had a general interest in the...
by Peter McCarthy | May 12, 2017 | Taxation
The Federal Budget has been released and Team #PTAandM have completed out Budget Breakdown on some of the key points and features of this year’s announcement. Unlike recent years where there have been many initiatives dealing with Small Business and...
