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Located in the heart of Redcliffe, our team of experienced accountants and financial planners, led by Director,
Petrina Stamos
offer an extensive suite of services ranging from accounting and taxation, business advisory, financial planning, audit and assurance and
self managed superannuation.
Whether you own a business, work as an employee or are thinking about starting your own business, McConachie
Stedman can help you with strategies and solutions to help you achieve your financial goals.
Our Redcliffe accounting team is led by Director, Petrina Stamos and is supported by a team of experienced accountants and advisors.
If you’re looking for an experienced, supportive and knowledgeable accounting team in the Moreton Bay region
then book an appointment at
McConachie Stedman today.
McConachie Stedman offers a suite of comprehensive financial services including taxation and accounting, business advisory, financial planning, audit and assurance and self-managed superannuation. Our experience and expertise benefit both business owners and employees, providing expert guidance and support for you to optimise your financial strategies and achieve your long-term goals.
With a focus on efficiency and growth, we are committed to helping you navigate the complexities of the financial landscape, using an easy-to-understand, stress-free approach.
We’re not your everyday number crunchers.
Our CPA and CA qualified staff are problem solvers and experts in accounting and taxation, with the knowledge and understanding to provide
tailored advice to support individuals, families and businesses to achieve their financial goals.
Helping you to build your business.
Small business owners are faced with challenges and opportunities every day. That’s where working with our Business Advisory team can help.
We’re expert problem solvers and know the key areas to focus on to help you achieve your goals that will make a difference at each stage of
your business journey.
There is ‘cents’ in planning.
We all have different financial goals in life, but most of us share the dream of achieving 'financial freedom’. Our team of experienced
Financial Planners offer specialist advice to assist you in growing and protecting your wealth, helping to bring you one-step closer to
making your dreams a reality.
Add value to your audit.
The choice of an auditor is an important one. Our team of audit specialists focus on providing a comprehensive, independent and efficient
audit process. Our difference is our personal approach, which provides quality advice and support beyond the audit report.
Your super, our experience.
For many people, forming and managing a Self Managed Superannuation Fund can seem complicated, but our team of SMSF specialists make the
process simple and straight forward. We provide guidance on the decisions you need to make and work with you to ensure your investments are
tailored to plan for and secure your future years to come.
The ATO is providing information that employers need to know to manage the changeover from quarterly super to Payday Super from 1 July 2026 (i.e., when employers will begin paying super with each payday under the Payday Super changes).
McConachie Stedman would like to announce the retirement of Steve Kirkman, Director and valued member of our team.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for April 2026.
After spending their working life building retirement savings, many retirees are often reluctant to eat into their “nest egg” too quickly. This is understandable, given that we are living longer than previous generations and may need to pay for aged care and health costs later in life. But this cautious approach also means many retirees are living more frugally than they need to.
Given that money has the potential to be a source of conflict in relationships, it’s a now a good time to get in sync to ensure you are on track to achieving financial harmony.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for February 2021.
As the economy begins to get back on its feet, it’s time to get your business back on track and start preparing for this year’s tax time.
Like trees losing their leaves in autumn, why not take a leaf out of their book and choose this time of year to shed some of your own financial baggage.
Individuals and small business owners who have taken advantage of the government’s COVID-19 support programs will find themselves increasingly under the tax man’s microscope in coming months. This is just one of the key developments occurring in the world of tax at the moment.
In this month's market snapshot, we take a glimpse at what the market has been up to and what the key developments were for January 2021.
As anyone who has joined the weekend crowd at Bunnings knows, Australians love DIY. And that same can-do spirit helps explain why 1.1 million Aussies choose to take control of their retirement savings with a self-managed superannuation fund (SMSF).
As the economy starts to recover from COVID-19 shutdowns, some sectors may take longer than others to return to their normal operating capacity and some companies may never fully recover. That means there is still the chance that some employees could be made redundant.
With COVID-19 having a significant impact on traditional employment, many people are working as a contractor for the first time either by choice or necessity. It’s not just a lifestyle decision; from the tax and superannuation perspective, there are important differences between being an employee and a contractor.
At a time when many people have been focused on their family’s health and livelihood, having adequate life insurance has never been more important. Yet the gap between what we need and what we have, has been growing.
The ACNC has urged charities to take steps to prevent fraud and cybercrime.
The ACNC is urging charities with deductible-gift-recipient endorsement to check their registration details.
The Australian Institute of Company Directors annual NFP Governance and Performance Study reveals that many organisations’ future was under threat even before the challenges of COVID-19.
A common misconception about estate planning is that you should only worry about it when you are old. However, estate planning is one of the most important things you can do to protect yourself, your assets and your loved ones.
It was a year most of us would like to forget. And yet, some of the toughest lessons of 2020 had a silver lining.
We take a glimpse at what the market has been up to and what the key developments were for December 2020.
For many business owners, fear of incurring a Fringe Benefits Tax (FBT) bill has kept them from retraining and re-skilling their employees to perform different roles or activities within the business.
Just as we were recovering from the long drought and the worst bushfires on record, the global coronavirus pandemic took hold and changed everything.
Although individuals and small business owners are now enjoying welcome tax relief in the wake of some valuable tax changes, there is more on the horizon as the government seeks to reboot the Australian economy.
In summary The US election appears resolved despite Trump’s protests and avoidance of administration handover. Whilst this outcome was not unexpected, it didn’t result in the expected increased equity market volatility.
The traditional festive holiday season is likely to be a little different this year, but one thing is likely to remain the same – the temptation to spend and the post-Christmas budget hangover.
After a year when the average superannuation balance fell slightly or, at best, moved sideways, the summer holidays could be a good opportunity to think about ways to rebuild your savings while being mindful of tax.
Legislation was introduced into the Senate in September 2020 to expand the maximum number of members of a self-managed superannuation fund (SMSF) from 4 to 6. The intention is to allow greater flexibility for SMSFs, particularly for family groups.
In summary The US election appears resolved despite Trump’s protests and avoidance of administration handover. Whilst this outcome was not unexpected, it didn’t result in the expected increased equity market volatility.
Most Australians are only vaguely aware – or completely unaware – of the fact that credit-reporting agencies monitor their financial transactions. While most Australians don’t give much thought to what’s on their credit report, the credit score that’s based on the
With tax cuts and stimulus payments on the way, Treasurer Josh Frydenberg is urging us to open our wallets and spend to kick start the national economy. But if your personal balance sheet could do with a kick along, then saving and investing what you can also makes...
Adding a granny flat to your property sounds like a great idea. A property to rent out to generate some welcome extra income, or a home for adult children or mum and dad in their later years. But there are important tax and personal considerations to think about...
The COVID-19 pandemic is raising some interesting questions for small business employers in relation to their Fringe Benefit Tax (FBT) liabilities. With many employees working from home, common employee benefits are often not being supplied, while some employers are...
The Australian Institute of Company Directors and the Governance Institute of Australia have released a new report on the impact of COVID-19 on board practices. The report reveals insights into governance challenges in the current climate. Governance through a crisis:...
The Australian Securities & Investments Commission has issued an FAQ on accounting implications of clarified casual-employment rules. ASIC urged companies to consider whether they should provide for additional employee entitlements (including annual leave,...
The Australian Securities & Investments Commission has issued an FAQ on accounting implications of clarified casual-employment rules. ASIC urged companies to consider whether they should provide for additional employee entitlements (including annual leave,...
In summary September saw a break in the rally in global equity markets. Several factors contributed to this, including signs that the global recovery, while proceeding, is nevertheless slowing down. Growing concerns about prospects for fiscal stimulus in the US added...
This year has exposed investors to the end of a bull market and the start of a global recession, all caused by a totally unexpected global pandemic. The outlook for the global economy and investment markets remains uncertain until an effective vaccine is available....
Living through COVID-19 has brought many challenges and shifting priorities as we deal with the financial impacts of the pandemic, and that includes the issue of life insurance. On the one hand, the pandemic has highlighted the importance of life cover. On the other,...
Investing in property is a popular option for self managed superannuation funds (SMSF). Unlike retail funds, the members of an SMSF are the trustees, and make all the investment decisions. This can include investing in residential or commercial property. In deciding...
Building a bridge to recovery In what has been billed as one of the most important budgets since the Great Depression, and the first since the onset of the COVID-19 pandemic dragged Australia into its first recession in almost 30 years, Treasurer Josh Frydenberg said...
Many small business owners and sole traders will be breathing a sigh of relief following the extension of the JobKeeper scheme until March
next year. At the same time, however, the ATO is stepping up its compliance activities. Here’s a roundup of some of the key...
2020 has challenged businesses on a global scale. With restrictions, shutdowns, and a global financial crisis changing many businesses
operating conditions, business owners are struggling to keep up with the increased speed of change that 2020 has brought about. So...
In summary August saw restrictions maintained in a number of countries to contain second waves of Covid-19. Progress was made in Australia and the US in reducing infection rates, but the US still has a long way to go before they really get the virus under control....
When the inflation rate fell into negative territory in the June quarter, it was so unusual it begged the question of what this means for the economy. Are we facing deflation or even stagflation and what is the difference? In the June quarter the annual inflation...
Self-managed super funds (SMSFs) have had a challenging year, with COVID-19 linked market uncertainty affecting income and returns. But SMSF trustees haven’t been sitting on their hands. One of the main reasons people give for wanting to establish an SMSF is to have...
After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, work security, or an uncertain investment outlook....
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. There are numerous situations whereby when ownership of an asset is transferred or disposed of it may incur a capital gain or loss with...
Many people like to invest in property. In these uncertain times, investing in listed shares or managed funds can often seem too risky. In contrast and although they have increased recently, the returns from term deposits or other fixed interest securities is relatively low.
Most of us understand the importance of saving for a rainy day, but sometimes it takes a crisis like the current pandemic to make us act on
it. With so many jobs lost and the outlook unknown, having a cash buffer means you are more able to manage unexpected expenses...
July saw second waves of Covid-19 infections around the world with cases per week in a number of countries, including Australia, the US and Japan, exceeding previous peaks. Some countries have responded by reinstating national restrictions, while others, including...
Selling a business you have spent so many years building up can be a difficult process, but getting the best price is not the only consideration. Tax has a big role to play in the financial result. That means the ATO will be paying close attention.
Under AASB 15 Revenue from Contracts with Customers, revenue is recognised so that promised goods and services are transferred in an amount that reflects the consideration to which their provider expects to be entitled. AASB 15 requires the application of a five-step...
AASB 16 Leases has been amended to exclude rent holidays caused by COVID-19 from being assessed as lease ‘modifications’. The amendment provides a practical expedient that permits lessees not to assess whether rent concessions such as rent holidays and temporary rent...
COVID-19 is having an unprecedented impact on the economic outlook for Australian and global economies. For the first time, many entities will be required to consider in more detail their solvency and ability to continue operating as a going concern.
Law changes have been introduced to reduce red tape and improve internal governances for the 22,900 incorporated associations in Queensland, including 3750 registered as charities. Associations Incorporation and Other Legislation Amendment Bill 2019 was passed by...
With Australia in a COVID-induced recession, residential property is not immune to falling economic activity. Yet housing prices are proving surprisingly resilient. Only months ago, economists were forecasting a housing price slump of 20 per cent or more. Now, most...
The start of the financial year is always an excellent time to take stock of your current situation and visualise where you’d like to be in the future. It’s fair to say this year hasn’t been ‘business as usual’! While no-one could have predicted the first six months...
The May 2018 Federal Budget announced a number of changes to the superannuation work test and contributions for over 65s. These changes have recently come into effect and will impact the way many people contribute to their or their partners’ super fund as they near...
With the financial year ending just over a week ago and people starting to think about completing their tax returns, we thought that we
should spend some time covering home office deductions. For the first time, many clients have been forced to work from home and as...
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically puts trusts in the firing line of...
As COVID-19 restrictions came into effect in March of this year, changing the way businesses operated across the country, many small businesses adopted out of the box techniques to keep their businesses moving despite the many challenges and roadblocks thrown their...
After successfully navigating our initial response to the COVID-19 (coronavirus) health crisis, backed up with $285 billion in government support to individuals and businesses to keep the economy ticking over, thoughts are turning to how to get the economy back on its...
Equity markets pushed higher in May, taking valuations to very expensive levels, as markets took an almost exclusively optimistic view of declining infection rates, reports of progress towards a vaccine and the benefits of economies re-opening. In addition,...