Hi [fname]. Welcome to the Baker Affleck Moffrey newsletter, September edition. With Christmas only nine weeks away (yes nine weeks!!) have you started to consider the FBT implications of your Christmas party? Contact one of our accountants to discuss. Damien has written a fantastic article that was published in this month’s Business Broker, “Planning to sell your business? Have you structured the sale correctly so you pay less tax?” We had such a great response to this article, we thought it fitting to feature it in this month’s newsletter. We also have an article that was written by Juris Stega of our office on “Standard tax deduction for work related expenses – is it worth it?” Sioban Churchill, one of our senior accountants is featured as this month’s profile Enjoy the read! Planning to sell your business? Have you structured the sale correctly so you pay less tax? By Damien Moffrey A confluence of events has brought us to a time and place where owners of small to medium business enterprises need to be well organised to ensure a successful business exit strategy. The GFC and property market decline combined with the imminent retirement of baby boomers (45 to 65 years old - 24% of the Australian population) means that the next five years will see a huge peak in businesses listed for sale. When compared to the number of potential buyers (35 to 45 years old - 15% of the population) this will make for an extremely competitive market place. Click here to view full article Standard Tax Deduction for Work Related Expenses – Is it worth it? By Juris Stega In the 2010-11 Federal Budget the Treasurer announced that the Government would introduce a standard tax deduction for individual taxpayers, to cover work related expenses and the cost of managing tax affairs. Click here to view full article Catons corner - September For the month, the ASX 200 fell by 6.7%, its sixth successive monthly fall. The US share market, as measured by the S&P 500 index, fell by 7.2%. Further weakness in the first few days of October now mean that the US market is down by more than 20% from its mid-April high, a threshold commonly taken to indicate that the index is in ‘bear market’ territory. Click here to view full article Team Profile – Sioban Churchill Sioban was born in Southern Africa.She spent her childhood growing up in South Africa, Rhodesia (now Zimbabwe) and Botswana, and attended nine different schools during her 12 years of schooling, including boarding school while living in Botswana! Click here to view full article
BOOK REVIEW - King of Lies by John Hart By Sioban Churchill This is the second book of Hart’s that I’ve read. The author writes like a poet. His descriptions of scenery and atmosphere are highly evocative and his insights into human weaknesses are right on the money. I always have a deep respect for authors who are able to touch the dark places in one’s soul. Click here to view full article
Economic Update By NAB Private Wealth |
Newsletter No. 26 !!!!SCAM ALLERT!!!It has come to our attention over the last couple of months that some unscrupulous scammers are using the Australian Tax Office (ATO) to try to scam both money and bank details from taxpayers. Several of our clients have received official–looking emails, purporting to be from the ATO, that state either:
PLEASE NOTE THAT THE TAX OFFICE DOES NOT SEND UNSOLICITED EMAILS TO TAXPAYERS!It is always best NOT to open emails from an unknown source as these may be carrying harmful viruses that can irreparably damage your computer system. If you should receive an email that appears to be from the ATO and if you are in any way unsure of its origin, please contact us so we can check its veracity on your behalf, before you send your hard-earned money off into a scammers hands!
Dates to remember
Advanced strategies through Super seminar
Baker Affleck Moffrey |
