Mulcahy & Co Latest News

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...

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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...

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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...

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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...

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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...

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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...

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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...

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Changes to First Home Owners Grant (FHOG)

General News: 20/03/2017

Housing affordability is one of the biggest issues facing young people in today’s society. Much has been made about the current state of the property markets in Australia’s major capital cities like Melbourne & Sydney with young people being ‘locked out’ of the property market due to a decline in housing affordability. First home buyers...

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Ballarat accountants for farm family business planning

Farming News: 16/03/2017

At Mulcahy & Co, farm accountants in Ballarat, we help a number of clients that are involved in multi-generational farming businesses. Our farm accountants’ work involves individual and family concerns, ideas, opinions, needs and wishes. The ideal in a farming business is to be committed to achieving common goals by mutually trusting and respecting each...

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Quad Bike & EID Rebate Options

Farming News: 16/03/2017

IT’S TIME TO TAKE ADVANTAGE OF GOVERNMENT REBATES. The state government have designated rebate funding until the end of 2018 for the following: Quad bike safety: Rebates for the purchase of roll over protection devices to improve safety and reduce the death toll; and EID Implementation: Rebates for the purchase of electronic identification tags and...

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