VOLUME 7 - ISSUE 2 - WINTER 2009
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Preparing for the future

The Federal Budget, recently announced by the Treasurer, Mr Wayne Swan, was designed with Australia’s future firmly in mind. It is notable for the amount of spending on projects aimed at preparing us for when the world economies come out of recession.

The size of the deficit and borrowings are unprecedented but the Government was in a tough position considering the anticipated drop in revenues. No matter how successful or otherwise this strategy is, there will be an impact on Australia’s future.

Our article on the Budget outlines some of the main measures that will impact on taxpayers and business.

The future as we age

The future should be a major consideration as we age. Australia has an aging population and we discuss the issues that must be considered when you or a relative needs to move to an aged living complex such as a retirement village or nursing home.

There is much to think about at such a time. Many people are not aware that if you structure your affairs in certain ways you may be able to save thousands of dollars every year.

Client Infocus
Operation Stitches - Bringing hope to kids in the inner city

Operation Stitches looks to bring hope to the kids of Melbourne’s inner city. For many, their future looks bleak, surrounded by crime and living in homes where the most basic of human needs are often missing.
However, Stitches has permanently changed the lives of many of these kids over the years. Read our client article about an organisation that teaches these underprivileged kids that they can take control of their future.
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Budget 2009

The most prominent aspect in the news immediately following the Government’s announcements was the size of the deficit. However, we bring you some of the highlights as they will affect business and individuals.  
Read more

A changing time of life

Whether it is you or your parents, transitioning to aged care can be complex. We discuss some of the financial and legal issues.  Read more

Making Performance Management a priority

Changes to the workplace relations system mean that Performance Management of employees is becoming more important.  Read more

Investment allowance for business

The investment allowance provides a great incentive for businesses to invest in cars and equipment during the remainder of 2009. This has been made even more attractive for small businesses following the 2009/2010 budget changes.  Read more

Client recognition

One of our previous client articles described the stunning Earimil garden that is the masterpiece of Elaine and Reg Smith. In this year's Queen's Birthday Honours List, Elaine has been awarded the Medal of the Order of Australia for service to the community through philanthropic contributions to charities. Saward Dawson would like to congratulate Elaine.

Around the firm

We welcome Brian Kerk, Joyce Guo and Kane Noorbergen to the Audit team. Brian and Joyce both have several years public practice experience. Kane recently graduated from Swinburne University.

Congratulations to Matthew and Fiona Stokes on the birth of their second child Mikaela.

 

Liability limited by a scheme approved under Professional Standards Legislation

Disclaimer: This publication has been prepared on the basis of information available at the date of preparation. The information is general in nature and is not to be taken as substitute for specific professional advice. We recommend that our advice be sought on specific issues prior to acting on transactions affected.
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