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From the Principal, Michael Quinn
Well 2009 has well and
truly begun, almost a quarter over already! Whilst it seems like
an eternity ago, we hope that you all had a chance for a little
rest and relaxation over the break and spent some well earned
time with family and friends.
As we get back into the swing of things it would seem we have
more to be grateful for than we probably realise. The recent
devastating fires in Victoria and dramatic floods in Queensland
are a stark reminder of how lucky we are. Whilst some of our
fellow countrymen (and women) are doing it very tough right now
it is heart worming to see the support and compassion from the
rest of Australia and the world. Our ability to pull together in
tough times is certainly something we can be proud of and our
thoughts are with those who were affected by the tragedies.
From a financial point of view, not a lot has changed in our
country, or in the world, since the end of last year. On the
home front, interest rates and economic growth are still at
remarkably low levels. However, the Rudd Government’s $42
billion rescue package – set to address employment,
infrastructure and stimulate both short term and sustained
growth – shows that there is certainly a proactive approach to
getting the nation back on its feet. Hopefully the
proposed stimulus activities will have the intended positive
effect and provide a welcome relief for consumers across the
country.
In March 2009, this edition of The Quintessential Brief includes
information on a range of topical legal and tax issues. Fringe
Benefits Tax is payable by 21 May 2009. Inside you will find
some general questions to help you determine if you may be
liable for Fringe Benefits Tax this year. There is some tips on
what you can do to legally minimise the risk of your business
being audited. This edition also includes information on recent
changes to fees and payment of land tax and other NSW duties and
some helpful hints to help get every business through these
tough economic times.
We hope that you find this newsletter beneficial. If there are
any legal, tax or financial planning issues that you would like
us to address in future editions, please contact us on 1300
QUINNS or info@quinns.com.au. You can also email us if you would
like to receive the latest legal, accounting and financial news
update each Monday morning via our Weekly Client Alert.
On behalf of all of us at Quinns, we hope that your year is off
to a great start and we wish you all the best for a fantastic
2009!
Regards
Michael
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