REMINDER - LODGEMENT DUE DATES

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Reminder: If you lodge and pay your business activity statement on a monthly cycle, the December 2018 quarter is due TODAY.*

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Other Upcoming Key Dates:

28 January - Quarter 2 2018-19 Super Guarantee Contributions due and payable. To ensure that it is processed correctly, and to avoid late fees or penalties, please allow sufficient time to lodge with your super clearing house.

*View the full list of ATO Key Dates Here

WE'RE BACK!

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We hope everyone had a magical Christmas and New Year's Eve.

We're back in the office today and prepping for a successful 2019.

Look forward to seeing you!

Hello 2019!

Happy New Year!

Wherever you are tonight, may your sparklers be bright, may your heart be full, and when counting the stars may you count yourself first.

Merry Christmas from McCallum Partners

...and that's a wrap!

A huge thanks to our wonderful clients, friends and supporters for another successful year in 2018.

All our best for a very Merry Christmas, a New Year to remember and safe and happy holidays.

See you in 2019!

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Christmas Cheer

This year the team celebrated with a Cocktail Masterclass at Coal and Cedar in Newcastle and had a fantastic night.

Merry Christmas! What a time of year.

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ATO Key Dates - December 2018 & January 2019

Let's be honest, no one wants to spend the festive season with their tinsel in a tangle trying to meet tax deadlines.

See the ATO's key dates over the December 2018/January 2019 months and keep your tinsel on the tree this year.

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https://www.ato.gov.au/Newsroom/smallbusiness/Key-dates/?sbnews20181128#12-2018

Frock Up for our Farmers

We think our Director, Ian and his stunning wife, Bec scrubbed up alright for the "Frock Up for our Farmers" Charity Ball on Saturday night at NEX, Newcastle. What do you think? 😉

The event, via Farms Australia Relief Movement (FARM) Foundation, helps to raise community awareness and the much needed funds to assist our Aussie farmers experiencing stress and hardship through these tough times.

#farmsaustraliareliefmovement #frockupforourfarmers#supportcountrycommunities #NEX

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Finalists - Lake Macquarie Business Excellence Awards

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Feeling very proud of the McCallum Partners Accounting team having just been named finalists in the Lake Macquarie business Excellence awards. Also a big congratulations to all the other amazing businesses that have been named finalists too. 

Business owners - what is your end game?

Business owners - what is your end game?

Why do you own a business?

It’s interesting to consider this because we are shocked at how many business owners haven’t taken the time to consider this fundamental question.

From a big picture perspective, having a business provides you with a lifestyle. That’s it!

It gives you cash now to fund your family spending, and hopefully a lot of cash in the future when you sell your business. And it’s very similar to having a Self Managed Super Fund (SMSF), an investment property or share investments. They give you cash either now or in the future, or a combination of now and future.

Having a business, SMSF or an investment property is not the important thing. The important thing is what the cash you receive from owning these allows you and your family to do.

Your plans for what you do will do with your business, SMSF or investment property in the future are what we call your ‘end game’.

A wise person once said that “the point of having a business is to sell it – even if you don’t want to right now.” This one pearl of wisdom could mean hundreds of thousands or even millions of dollars more for you in the future if you let it guide you now.

Here’s how… as you run your business, start to make decisions now to plan for selling it – even if you don’t plan to sell it for many years. The biggest thing you can do is to make changes so that your business does not depend on you. If your business needs you to operate – can you really sell it? Absolutely not.

Setting up systems for your business is the key. You can then train your team to follow your systems, and then you can gradually delegate what you do to the right team members, and then you’ll find that you’ve got a business that can partially run without you.

Would you like us to be your sounding board?

As your accountants, we can help you to work out your end game, and plan to have a business that you can sell for a much larger amount in the future because it doesn’t depend on you.  Contact us today to find out more.