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A night of few surprises
The 2010 Federal Budget was not expected to be a budget to
remember, being announced just a week or so after the release of the
Henry Tax Review. And on that count, it did not disappoint.
Fiscal responsibility and bringing the budget back to surplus
within three years were the key messages. Despite global economic
uncertainty, Federal Treasury expect the economy to rebound from the
recent downturn.
At our recent Investment Market Update, presented to a full house
of clients and associates, Olivia Hawkes from Fidelity International
emphasised the value of long term investments in the share market.
She discussed the necessity to look at the fundamentals of the
companies in which you invest and the need to continually question
why you have invested in those companies. Olivia also recommended
diversification of investments using managed funds to give you
access to a range of international options.
Even since the budget announcements, there has been much
volatility in world markets and particularly the European economies.
With uncertain times ahead, we encourage you to
contact your adviser at Saward Dawson to discuss your individual
circumstances.
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Client Infocus
Loral Ipsum - Clean homes, clean environment
Our homes are important. They are places of rest, escape and shelter.
In a home we raise families, entertain friends and build a life and, as
with most things that are important, our homes need to be looked after.
Whether it is the house you live in, the community outside your door or
the environment around you, Loral Ipsum (Aust) Pty Ltd is a company
dedicated to helping in a variety of practical ways.
Read more |
Accessing your super whilst still working
Thinking about retirement but not ready yet?
You no longer need to retire to access your superannuation. Instead,
you can continue to work either part-time or full-time and access part
of your super. It is done through a Transition to Retirement Income
Stream. If you are thinking about retirement read our article and see
the very compelling example.
Read more |
Safeguarding Futures
Property investment
Investment properties have proved to be very popular for Australians
as they start to consider planning for their futures. There are quite a
few options you need to consider for your investment property to ensure
you are minimising your tax. Learn about the options that can secure your financial
future. Then secure it for you and your family.
Read more |
Tax strategies for end of financial year
With the end of the financial year rapidly approaching we provide a
list of things you might consider to reduce your tax bill.
Personal tax and
Business tax |
Career conversations
Today’s organisations are leaner, flatter and have fewer
“traditional” opportunities or obvious career paths. As a result,
managers often avoid career conversations out of fear that they cannot
describe the next promotion or step in an employee’s career. Staff can
find it easier to pursue concrete opportunities outside the organisation
than investigate and understand the opportunities inside.
Read more |
Federal Budget 2010
The 2010 Budget contained few surprises. All of the big ticket
taxation announcements had already been made when the
Henry Tax Review was released. However, there were still some
significant announcements.
Read more |
The Henry Tax Review
The Henry Report is in three volumes totalling approximately 1300
pages and containing 138 recommendations. The Government's initial
response, called “Stronger-Fairer-Simpler. A tax plan for our future”,
deals with less than 50 of the recommendations.
Read more |
Time to think medical
The Government announced in the Budget that the threshold for
claiming net medical expenses is set to increase from $1,500 to $2,000
as of 1 July 2010. Therefore it might be advantageous to consider the
most appropriate timing of payment for medical expenses you are likely
to incur close to the end of the financial year.
Read more |
Top up your super
Low and middle income earners can take advantage of the Government’s
very attractive co-contribution scheme.
Read more |
Count newsletter
Read the
latest Count Report with articles including:
Partnering
for success
Do
you know what cover you have?
Tax
strategies to create wealth |
Around the firm
Congratulations to Simon and Susan Dinér on the birth of their third
child Keiran. Building works underway We have managed to
change our lifestyles to accommodate the building works that have
gobbled up what was once our car park. With a new downstairs reception
area, a short walk to the office for those who drive, workmen in all
directions and even a dry run of our evacuation procedure, we have now
acclimatised to our changing offices. There are piles of clay up to
our windows on the first floor, trenches running around the perimeter of
the extension and diggers and other machinery coming and going. Look for
the hard hat on our home page to
follow the progress. |
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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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