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Volume 3 - Issue 4
December 2005
 

 

Slowing down

In the world in which we live, the pace of life is getting faster. Christmas has come around again and many of us feel as though we have hardly had time to blink since the last one. But the Christmas - New Year period is often the only time that many people get to slow down and reflect on the really important issues in life. Taking stock is not always easy but we encourage our clients, friends and staff to take time out this festive season to reflect, dream and plan. 

Images of Christmas

A young child playing with a basketball is one of the many images we expect to see around Christmas time. But there are indigenous communities around Australia where such opportunities are few and these scenes are nothing but a dream. Day3 features in our Client InFocus and they are passionate about improving the lives of others. Their support for the Athletes as Role Models (ARM) Tour is a way of giving hope to underprivileged youth in remote regions.

Client Infocus

The IT industry has certainly been volatile over the last few years. Day3 has experienced the highs and lows but sees an exciting future.

During the mid to late 1990s, the corporate world rushed to capitalise on the abundant possibilities of the internet. Rob van der End anticipated the boom, rode it when it was at its height and suffered during the subsequent collapse. Day3 has changed a lot by identifying expanding technologies and markets.  They are also very enthusiastic supporters of the Athletes as Role Models (ARM) Tour that organises leading Australian sports identities to visit isolated indigenous communities in the Northern Territory.

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Workplace Giving

The Federal Government has implemented Workplace Giving.  It provides time-poor people with a way to actively support their favourite charitable organisation.

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The ATO is closing in

The ATO is becoming increasingly sophisticated in the ways they perform their duty.

The ATO has the responsibility of ensuring the taxpaying community fulfil their tax obligations. It is becoming evermore vigilant and sophisticated when it comes to verifying that taxpayers are complying with the tax laws.

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The Count Report

 

Read the  November Count Report including articles on:

  Simple tax-effective investing
  Life insured, family assured
  Cutting up credit card debt
  Read the report

Capital Gains Tax records

CGT legislation requires records to be retained.

All items included in tax returns need to be substantiated by records.  We outline some of the particular requirements associated with keeping Capital Gains Tax (CGT) records.

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Global economic update

Our recent seminar was a great success.

We recently held our Global Economic & Market Update with Tracey McNaughton, Senior Economist of the BT Financial Group as guest speaker.

The session was well attended by many of our clients. Tracey presented BT’s overview of global and Australian economic conditions and the effects on Australian and international markets including property.

It was an excellent, informative presentation and thoroughly enjoyed by those who attended. We will keep you posted on similar events in the future.

Changes to superannuation

There have been significant changes in the area of superannuation and they affect many Australians.  We highlight some of the areas.

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Around the firm

Cliff Dawson has recently stepped down as Chairman of the Whitehorse Business Group. After a total of six years on the Board and two as Chairman, Cliff has seen significant growth in the group. He has enjoyed his time as Chairman and is confident that the group is in good shape heading into the future.

Our Reception team has recently welcomed Alicia Demond who started with us a couple of weeks ago. We also look forward to welcoming Laura Bagulho who will be joining us in January to assist our Audit division in many of the administrative tasks required by a busy team.

Mark Wadia of our Financial Planning team has celebrated becoming a father for the first time. We congratulate Mark and Karen on the birth of their daughter Amber.

Office closure

Our office will be closed from midday on Thursday 22 December 2005 and will re-open on Tuesday 3 January 2006.

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.