McKinley Plowman

🪁 Please note that both MP+ offices are closed today for the WA Day Public Holiday. We will be reopening tomorrow, 8.30am, Tuesday 2 June.

A team at MP+ will be pushing for better mental health support this June 💪🏼

Those taking part in this challenge may struggle to lift pens for the next few weeks, so any support or donations are very much appreciated 🧡 https://bit.ly/3UZde2V

The WA property market continues to move quickly, but strong market conditions do not remove the need for careful planning. 🏡 In his latest WA Property Market Update, Finance Director Paul Moran explores the latest residential and office property trends across the state, covering:

📈 Property prices
🏘️ Rental market conditions
🏢 Office vacancy trends
🏦 Lending considerations, and
🤝 The importance of aligning property decisions with the right finance strategy

Read the update here ▶️ https://bit.ly/4dRDeoW

👉 If you're planning a property move in the near future, now is the time to get finance professionals in your corner. Contact us today for a complimentary initial consult!

“I know I probably should invest it… but I’d rather just keep it in the offset for now.”

Cash can provide comfort during uncertain times, but is it helping or hurting your long-term financial position? 💸

Our latest article from Wealth Director Will Lyons explains:

📈 How inflation impacts purchasing power
🚫 Why relying solely on cash may limit financial progress, and
🔀 How diversified investment strategies can help Australians better protect their future lifestyle.

📰 Check it out here: https://bit.ly/43vnrav

🏡 As an investment property owner, you may have claimed something just because everyone else does it or thought that you're covered just because it's labelled 'investment property'. Having a rental or investment property has been considered a reliable way to earn extra income. However, the ATO have taken notice of some grey areas these property owners may have taken advantage of.

📑 Updates to the TR 2025/D1 helps to break down what really counts as rental income and creates a greater understanding for what you can claim as a deduction. The ATO is now focusing on how these properties are used, and mixed-use properties now face higher scrutiny if rules aren't followed.

Understand how these new expectations affect you ➡️ https://bit.ly/4v6cQP9

What's the difference between traditional and digital marketing? 🤔

📰 Traditional marketing relies on more physical forms of media such as newspapers, radio, billboards, local promotions, etc. This sort of marketing can give your business a broader reach, and can build credibility through familiarity, and creates recognition with brand repetition. However, you may find it harder to measure results of success and it can be difficult to target your preferred audience.

📱 Digital marketing pushes your business through mediums like social media, websites, and email. This type of marketing gives you the ability to push your ads towards your target audience, you also have access to real time tracking of data and ad performance. Reaching the right people at the right moment, with options to be flexible to suit your business needs. However, it requires ongoing optimisation, and can be a noisy and competitive market.

Learn more about the type of marketing and how they can fit your business ➡️ https://bit.ly/4dIW0yN

🙅 Not all innovative work is eligible for Research & Development Tax Incentives (R&DTI)...

💡Some business owners may assume "innovative work" automatically qualifies, but successful claims rely heavily on proper planning, documentation, and evidence. Our latest article from Head of Tax Dean Birch explains how businesses can better structure projects for stronger R&D Tax Incentive outcomes:

✔ Understanding eligible R&D activities
✔ The importance of contemporaneous evidence
✔ Staff time apportionment
✔ Common compliance pitfalls
✔ Proposed Federal Budget reforms and what they could mean for businesses

If your business is investing in new products, systems, processes, or technology, now is a great time to review your approach to R&D project governance and give you the best chance of success 👉 https://bit.ly/4eXKGB7

🏘️ Are property investors worse off following the 2026-27 Federal Budget?

No doubt you saw the Budget announcement concerning the reforms to Negative Gearing and Capital Gains Tax. These reforms will limit the benefits of negative gearing to new residential properties, re-introduce capital gains tax cost base indexation, and introduce a 30 per cent minimum tax on capital gains.

👉 So if you own investment properties, it's critical to understand how these changes will impact your portfolio, tax position, and any future plans for disposal. Here's a fact sheet with all the details: https://bit.ly/4eIZPGu

And if you would like personalised advice that optimises your tax position in the wake of these reforms, you can reach out to our tax team for a chat here: https://bit.ly/2rH1z9Z

😵‍💫 Understanding what the R&D tax incentives program means can be confusing. You don't work in a lab or your work isn't 'scientific' enough, so you shouldn't qualify. You already know how to do your projects so it's not experimental, and the tax incentives are too complex to understand so why bother.

🔬 However, the R&D tax incentives program is for any business that solves technical problems, not just for labs. If the outcomes of your work can't be known in advance it could qualify; hypothesis → testing → experimentation → evaluation.

Industry doesn't matter, if you do the work, you may qualify ➡️ https://bit.ly/4nwuI31

🕊️ "Fortune favours the prepared mind" 🕊️

Tax time doesn’t need to be stressful...

🔬 With the ATO continuing to expand data matching across investments, crypto, rental properties, and work-related claims, accuracy is becoming increasingly important. Preparing properly now may help improve compliance and potentially your overall tax outcome.

🖊️ Senior Business Services Manager Elvir Karajcic has penned his first article for McKinley Plowman, where he breaks down what documents to prepare, what deductions may apply to you, common mistakes to avoid, and why early preparation matters ✅ Check it out here: https://bit.ly/3P21f4x

👋 If you would like support navigating tax season, our team is here to help.