Mulcahy & Co Latest News

End of Another Financial Year

General News: 05/07/2017

It’s hard to believe, but 30th June 2017 is now but a distant memory and a new financial year is upon us. You know what that means! Yes, it’s tax time again. Bearing this in mind, you may be interested to know the following: It’s hard to believe, but 30th June 2017 is now but...

Read more

**Important** Individual Tax Return Deductions

General News: 26/06/2017

It’s important to know what you can deduct when it comes to your individual tax return, and how to best maximise your return. To claim a work related deduction, you must have spent money yourself without reimbursement and it must be work related. Vehicle and Travel Expenses You are able to claim vehicle and travel...

Read more

Ballarat accountants for farm business planning

General News: 15/06/2017

The coarse grain stocks globally are full, on a positive note it is rumoured that the Chinese stocks have been spoiled due to the wetter than expected conditions. Therefore, they will be looking to reenter the market in coming months to sure up their human consumption supplies again. Cereal-prices expected to remain low Canola- mid...

Read more

Ballarat Farm accountants understand the grain market

General News: 02/06/2017

With limited ability to influence the market and differentiate when trying to market a bulk commodity we must look to other strategies to increase farm business profitability.  (Production x Prices)- Expenses= Profit; as the producers, there are three opportunities to review profitability, production, cost and price. Sow.. If majority of us are sellers, what do...

Read more

Ballarat Farm Accountants Plan for 2017

Farming News / General News: 18/05/2017

It’s murphies law isn’t it; grain growers are coming off one of the best seasons in terms of yield, but are struggling to comprehend the low prices being offered for their commodities. At Mulcahy and Co, farm accountants for Ballarat and district, we can help you to understand what to do this year. The 2016/17...

Read more

IT Security Alert

General News: 15/05/2017

Please be aware that there has been a major outbreak of a computer virus over the weekend in over 70 countries. The UK’s  health systems being one of the main organisations effected. It is continuing to impact organizations across several countries causing disruptions at banks, hospitals, telecommunications services, train stations, and other mission-critical organizations in...

Read more

Tax Planning and what it means to you

General News: 08/05/2017

With the end of financial year just around the corner, now is certainly a great time to start planning for tax time. Below we have listed a number of tax planning strategies to consider prior to the end of financial year. This includes a number of changes to the taxation system and some general guidelines...

Read more

Do you have more than $1.6 million of superannuation in pension phase? If so, you need to act prior to 1 July, 2017.

General News / SMSF News: 19/04/2017

As a result of the 2016 Federal Budget, the government introduced new legislation which has resulted in a $1.6 million cap being placed on total superannuation in pension phase. This means that each member’s total account based pension balance cannot exceed $1.6 million.  This limit does not include any transition-to-retirement pension (TRIP) accounts as, from...

Read more

Mortgage News – Autumn 2017

Mortgage News: 31/03/2017

Autumn leaves will soon be falling, a tell-tale sign that summer is on its way out. As the season changes, you may be heading out to find the perfect property. To help you better understand taking out a loan, we’ve put together some tips on the pre-approval process. Autumn is also a great time to...

Read more