McNamara & Company Chartered Accountants

28/09/2025

The importance of knowing your direct versus indirect costs when running a business.

Direct costs are used to calculate you gross profit and typically increase and decrease with the level of sales / revenue.

30/11/2023

What do employee christmas gifts, customer hampers, and staff parties have in common? And no, Christmas is not the answer. Read our latest blog to find out.

https://mcnamaraandco.au/blog/tax-tips-to-make-your-holidays-brighter

The silly season can be tricky to navigate for businesses, regardless of your industry. While some may be winding down for the year, others might be kicking into high gear. However, there is some holiday tax cheer surrounding this season that could put you in a better position come tax time.

23/10/2023

More customers equals more business growth, right? The answer might surprise you.

Here are 5 strategic pillars you can leverage to accelerate your growth and improve business health.

https://mcnamaraandco.au/blog/five-pillars-to-drive-business-growth-and-improvement

Whether you’ve just started your business or you’re a business veteran, you may have one strategic business goal in common: Business growth.

01/01/2023

New year’s resolutions. Goal Setting.

It is calculated by taking the difference between the current sales amount to the previous sales amount and dividing by the previous sales amount.Revenue Growth

14/06/2022

Why care about my business value if I'm not selling?

Why care about the value of your business if you’re not selling (and have no intention to ever sell)?

There are *many* events in a business that will trigger a Business Valuation - even if you’re not selling. eg:
* Onboarding a Business Partner
* Applying for Business Finance
* Issuing Shares to Employees
* A Business Partner Exiting
* Applying for insurance

Each of the above events can happen at any stage of an operational business and a Business Valuation will usually depend on the prior 2-3 years of Financial Statements.

If your main objective in those years has been to Save Tax, this will be reflected in those Financial Statements and will mean your business will be valued *lower*.

How might you think about preparing for such Valuation Events better?

We’ve put together a Complimentary Mini-Course that we call “Rich Exit, Poor Exit”.

Inside you’ll find:
Rich Exit, Poor Exit Ebook [PDF],
6 ‘Over the shoulder’ Tax Planning vs Business Value Video Walkthroughs, and
DIY Rich Exit, Poor Exit Google Sheet

Become part of the 7% of Business Owners whose business is worth $1m or more (whether you choose to sell your business or not).

Click here to learn more:
https://mcnamaraandco.com/rich-exit-poor-exit-offer

09/06/2022

Is Saving Tax worth working 10 extra years?

In our ‘over the shoulder’ videos, we show a conservative $1m business and explain the difference to the business owner if they were accounting to Save Tax vs accounting to maximise Business Value.

If such a business were to combine four very common Tax Planning techniques, they would be (conservatively):
* Saving $50k+ on tax, but
* Foregoing $750k+ on the Value of their Business

In other words, if your main accounting objective is to save tax, you will need to work at least 10 extra years to save in tax what could have been yours in Business Value today.
How might you save yourself 10 extra years of working?

We’ve put together a Complimentary Mini-Course that we call “Rich Exit, Poor Exit”.

Inside you’ll find:
Rich Exit, Poor Exit Ebook [PDF],
6 ‘Over the shoulder’ Tax Planning vs Business Value Video Walkthroughs, and
DIY Rich Exit, Poor Exit Google Sheet

Become part of the 7% of Business Owners whose business is worth $1m or more (whether you choose to sell your business or not).

Click here to learn more:
https://mcnamaraandco.com/rich-exit-poor-exit-offer

07/06/2022

You mean this is all I get for working 20 years?

Despite all of their hard work over many years, most business owners only find out at sale time, that their business is not worth nearly as much as they thought - if it can even be sold at all.

We see business owners make the same mistake over and over again - to unintentionally devalue their business.

You may not have thought about this, but the amount you will be able to sell your business for will usually depend on the prior 2, 3 possibly 4 years of Financial Statements.

If your main objective in those years has been to Save Tax, this will be reflected in those Financial Statements and will mean your business will be valued *lower*.

How might you better prepare your business to sell?

We’ve put together a Complimentary Mini-Course that we call “Rich Exit, Poor Exit”.

Inside you’ll find:
Rich Exit, Poor Exit Ebook [PDF],
6 ‘Over the shoulder’ Tax Planning vs Business Value Video Walkthroughs, and
DIY Rich Exit, Poor Exit Google Sheet

Become part of the 7% of Business Owners whose business is worth $1m or more (whether you choose to sell your business or not).

Click here to learn more:
https://mcnamaraandco.com/rich-exit-poor-exit-offer

* Quote from Denise Hall of Xcllusive Business Sales