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From the Principal, Michael Quinn Welcome to the June edition of The Quintessential Brief. You will notice that we have expanded our newsletter content this time around. We understand that it is extremely important for business owners to be provided with a wide range of information in relation to all areas of their business. As a firm of accountants, lawyers and financial planners we are able to offer our clients professional advice on a range of issues. And whilst we do know a lot about a number of business facets, we recognise that we are not experts on absolutely everything. To that end, from this edition forward we have asked marketing consultancy, Clarity Marketing, and recruitment and placement advisor, Balance At Work, to contribute specialist articles in their various fields. |
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Start thinking about your tax return before 30 June to save yourself time, stress and money 30 June is rolling around again so it is time to start thinking and planning for your 08/09 tax return. By planning ahead and taking a few simple steps you can reduce the stress at tax time and maybe even save yourself a few dollars too.
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Superannuation – has the Budget affected your retirement funds? In the recent 2009 federal Budget superannuation contribution criteria has been adjusted in response to the current financial situation. As a compulsory requirement for all employers, superannuation payments are beneficial to workers across the country as it provides them with a level of financial certainty when it comes time for retirement. The main changes that have been introduced by the Budget affect salary-sacrificed and employer-paid superannuation contributions, people over the age of 50 and participants in the government’s co-contribution scheme.
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End of Financial Year Business Tax Checklist Here are some simple tasks that you can carry out to not only start the new financial year on a fresh foot but to also make the reporting and tax lodgement process a little less stressful! 1. A physical stock take2. Prepare/Print out a list of Accounts Receivable (Debtors) as at 30 June3. Prepare/Print out a list of Accounts Payable (Creditors) as at 30 June4. Print a Trial Balance at 30 June (if you are using a computerised accounting system)5. Print a detailed General Ledger Transaction Report6. Prepare and print out a Bank Reconciliation at 30 June7. Back up all 2008 files8. Run Year End procedures (applicable to MYOB users)9. Prepare Employees’ PAYG Payment Summaries |
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Capacity and the concept of losing capacity is not usually something that is well known until it happens to you or someone you love. Not being aware of the effects that loss of capacity can have on a person’s life can leave you unprepared and cause unnecessary emotional stress. Capacity refers to an individual’s
rationality and their understanding of reality particularly with
relation to understanding and making decisions and communicating
this in some way. |
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Workplace reform legislation is finally here for Australian workers Australia’s long awaited, employment legislation The Fair Work Act 2009 was recently passed through federal parliament on Friday 7 April 2009. The introduction of the Act spells the end of the controversial Workplace Relations Act 1996 that was implemented by the Howard Government during its time in power. Intended to come into effect for Australian workplaces on 1 July 2009, the new legislation will essentially alter the basic structure of workplace agreements throughout the country. |
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Being Online – No longer the future it’s the present
Clarity Marketing Setting up your business online may seem like a time-consuming and daunting thing to do, but having online presence holds a lot of promise for small and medium sized businesses and can significantly improve your business’ opportunity for growth and sales. In today’s business world everyone is online and by not having your business in the online space you could be missing out on reaching many of your target customers, you can bet that your biggest competitors are. The internet is a fast easily accessible service and setting up a website is just as easy. |
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The Value of the Visual:
Clarity Marketing In the current economic climate business owners are undoubtedly tightening the purse strings on all areas of their business. Yet, in these tough times marketing becomes more important than ever. Continuing to market, or even stepping up your marketing strategies can prove fruitful as current and potential customers will see that you are still a strong presence in the marketplace. This can give you a significant edge on your competitors who have “pulled their head in” in an attempt to cut costs.
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Employee engagement and your bottom line
Susan Rochester In businesses struggling to do more with
less, one key to productivity is often overlooked. In this
article, we take a closer look at employee engagement, or an
employee’s emotional and intellectual commitment to their
organisation. |
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Get your business ‘back on track’ In these tough economic times more and more business are finding themselves in undesirable and unwanted situations. Whilst it may seem that there are little options available when the debt is simply too high, or the bills are too numerous, there are professionals such as The Quinn Group who make it our business to get your business back on track. |
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Host a Murder Luncheon We have made it our mission at The Quinn Group to try and get out of the office and do something together at least once every 3 months. So, this quarter we treated ourselves to a Host A Murder function. It was definitely something different to the usual workplace “bonding” activities and a fantastic opportunity for everyone to explore the detective within! Whilst in practice only half of the firm are lawyers, it would seem we have all picked up a few little tricks from them along the way. Even the quietest mouse in the office was easily excited and the accusations were flying as we worked our way through the story trying to find out who the killer was. Coupled with a nice late lunch and few drinks to de-brief and unwind afterwards it made for a lovely afternoon. |
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Disclaimer: The contents of this document titled "The Quintessential Brief" (the "Material") are provided as general information only. It is not intended to be given as advice and should not be relied upon as such. If you are concerned about any issue raised by the Material then you should seek your own professional advice. No warranty is given in relation to the accuracy, currency or completeness of the Material. No reader should act on the basis of any matter contained in this publication without first obtaining specific professional advice. Where applicable, liability is limited by the NSW Solicitors Scheme under the Professional Standards Act 1994 (NSW), and other relevant state legislation. The Quinn Group respects your privacy. Should you not wish to receive this newsletter in the future please contact us on 1300 784 667.