Welcome to the May 2006 edition of our online newsletter. You will notice that we’ve changed the format to make it more user-friendly. By clicking on the article links you will be taken to the corresponding newsletter article on our brand new website. After browsing through the articles we welcome you to explore our new site and learn a little more about the various services we offer.

By now we hope you have all received the letter from our office regarding the 2006 Fringe Benefits Tax Calculation. The fringe benefits tax year ends on 31st March 2006 and if an FBT return is required it needs to be lodged with the Australian Taxation Office by 28th May 2006. Please contact your manager if you haven't received this information in the mail or if you would like to discuss anything FBT related.

Federal Budget 2006/2007

It has been 2 weeks since the federal budget was released. Whether you have analysed this years budget or haven't had a chance to look at it. These summaries should help you to digest some important changes which are particularly relevant to you.

Find out how this years budget affects you.

Property

Value adding opportunities aren’t always evident but can be extremely rewarding and can require minimal capital expenditure relative to the gains brought forward. And if outsourced to a third party can require minimum time and resource input from the owner. For full article click here.

Media

Cause related marketing is about linking your company to a relevant charity or cause for mutual benefit. It can enhance corporate reputation, raise brand awareness, increase customer loyalty as well as build sales and create press coverage…Keeping your name in front of customers. For full article click here.

Accounting

The ATO has the ability to make directors personally liable for un-remitted tax deductions.

The ATO is issuing Director Penalty Notices directly to the home of company directors.  Failure to comply with the notice will cause the director to be personally liable for a penalty equal to his or her company’s unpaid remittance amount. For full article click here.

Technology

Having trouble keeping track of customer commitments and communications? Finding it hard to reach customers and prospects with a limited marketing budget? Read more...

You would not pay $3,000 upfront for your yearly supply of lattes. The same thinking should apply to your software and technology services. Read more...