May 2009

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TAX BULLETIN - MAY 2009
SMALL AND GENERAL BUSINESS TAX BREAK "Investment Allowance"  20/05/2009

Further to our March 2009 newsletter we are now able to advise that legislation was passed through Parliament on 14^th May 2009 which may provide businesses with strong incentives to invest in new “eligible” assets, under certain conditions.

This legislation includes additional benefits announced in the 2009 Federal Budget which enhance the provisions of the “Investment Allowance” originally announced in December 2008. In order to be an “eligible asset”, the asset must be new, tangible, used principally within Australia for the purpose of carrying on a business and qualify for the capital allowance deduction under income tax depreciation provisions.

Assets such as computer hardware (but not software), shop fittings, motor vehicles used in your business operations and machinery used in manufacturing are examples of eligible assets.
Click Here to view the tax breaks now available for small & large businesses

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SMALL AND GENERAL BUSINESS TAX BREAK LEGISLATION PASSES THROUGH PARLIAMENT  19/05/2009

This is the 50% Investment Allowance for new assets. See the full story by clicking here

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SURVIVAL IN DIFFICULT TIMES FOR SMEs PAPER & WORKBOOK 19/05/2009

The purpose of the below paper & workbook is to stimulate discussion and encourage ideas that you can implement to help your business survive, if not thrive, in these difficult times and provide an opportunity for you to encourage input and suggestions from other members of your team / staff. 

Survival in difficult times for SME's paper. A 21 Page paper that should be read in conjunction with using the below excel spreadsheet.

Survival in difficult times for SME's Workbook. Rogerson Kenny Business Accountants have used Microsoft Excel to produce an interactive workbook as a companion to the above paper "Survival In Difficult Times For SMEs".  The workbook contains a number of worksheets that cover different topics. It is suggested that you read the item in the above paper before completing each worksheet. 

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2009 Budget Paper 15/05/2009

2009 Budget Paper. An 11 page summary on the 2009 Federal Budget - Issues for SME's

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Filming @ Rogerson Kenny 15/05/2009

As you may have noticed our new website, Rogerson Kenny Business Accountants have decided to include video clips on various topics.
We had industry experts talking about various topics, which included 10 points for buying a business and business succession planning to name a few.
We will also be showcasing some of our clients businesses - if you are a client and would like to become involved in the next batch of client video's, please contact us.
The staff of Rogerson Kenny Business Accountants also feature by giving a 30 second clip about themselves - which will provide some funny moments for our Christmas party blooper's DVD!

Look out for these clips, which can be accessed via our home page or by clicking on the following links of Hear about our clients, Business videos and Staff profiles - we hope you enjoy these, there are many more to come, if you are interested in participation, please email Mark Rogerson.