July 2009

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Production Process Have you reviewed the production process of your products or services covering items such as factory, workshop, warehouse, plant and equipment, fixtures and fittings, air conditioning, refrigeration, motor vehicles, computers, location, quality control systems, staff skill, staff training, improvement in productivity, reduction in rejects and reworks? These and ...

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The luxury car tax (LCT) threshold is $57,180 for the 2009–10 financial year. The car limit for fuel efficient cars is $75,000. A 33% LCT rate applies to most cars over these thresholds. The maximum goods and services tax (GST) credit that can be claimed by clients that purchase a ...

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Good Bookkeeping Habits Help Run A Successful Business   This paper is from our Bookkeeping Systems series and reinforces comments that good bookkeeping habits help run a successful business. I know that you don’t need us to tell you that… we all know it, right? Sometimes it just helps to ...

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If you are a business in Sydney, you can now take advantage of a range of free business growth seminars. These free workshops are run regularly by the NSW Department of State and Regional Development. You can learn a range of business skills including: importing and exporting starting your own ...

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Insurance Review Questions to consider include: • If you are selling a large proportion of sales by credit, have you considered applying for a “credit insurance policy”? • Has your business reviewed the adequacy of insurance covers based on current replacement values, including fire insurance on buildings & contents; storm ...

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  Media release 2009/51 The Administrative Appeals Tribunal (AAT) has upheld the Tax Office’s decision to issue a notice of non-compliance to a self-managed super fund (SMSF) found to have contravened the in-house asset rules. The AAT concluded that the seriousness of the breach and the time taken by the ...

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  Time is one of those things that cannot be expanded, but it can be better managed. Every one of us has 24 hours or 1440 minutes a day. Some business people are better managers of their time then others. Business people need to allocate the number of hours per ...

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