WHK - monthly eNewsletter

Welcome to Better Advice - August 2011 eNewsletter. Read on-line from archives here.

WHK - BETTER ADVISE FOR A BETTER LIFE

In This Issue

The Current Volatile Stock Market

Carbon Tax and Agriculture

Business Tax
Return Checklist

Raising Financially Savvy Children

Buyer (and Seller) Beware

News

Welcome WHK Canberra

After many months of preparation we warmly welcome Canberra accounting firm, O'Connor McNamara to the WHK network. Principal, Dennis O'Connor and his team join our existing Canberra-based audit team at the premises in Deakin. Read more here

New Principals

We are recognizing the experience and expertise of Logan Meehan from our Gold Coast office, and Tim Small from Grafton by promoting them to Principal, effective 1 July 2011. Logan has over nine years experience in audit and assurance, working across a wide range of clients around the Gold Coast areas as well as in Canberra. Tim is a Business Services Principal for the Clarence areas (Grafton and Yamba) and has been with WHK for over seven years. We wish Tim and Logan all the best in their new role.

Read Logan Meehan's profile here

Read Tim Small's profile here

The Current Volatile Stock Market

It has been an interesting week for the stock market. Click here for an update from WHK Group Research Team.

Carbon Tax and Agriculture

Direct agricultural emissions will be excluded from the proposed carbon price mechanism, meaning farms won't be required to pay for greenhouse gas emissions generated by on-farm activities.

Read full article here

Business Tax Return Checklist
	This checklist will assist Businesses and Investors with the preparation of your 2011 Tax Returns and will help you to maximise your tax refund or minimise your tax payable. Read full article here

Raising Financially Savvy Children

The Australian classic 'A Fortunate Life' by Albert Facey should be compulsory reading for children and parents. Born in 1894, Albert was supporting himself at the age of 9 years, working from dawn to dusk on a property in Western Australia. Without any opportunity for formal education - he taught himself to read and write. At the age of 20, when he enlisted in the army, he was financially independent and mature beyond his years.

Thankfully, our children have the automatic right to an education. Times have changed to the point though that we often struggle to teach them the value of money and that it doesn't grow on trees!

Read full article here

Buyer (and Seller) Beware:
The Proposed Building and Construction Industry Reporting Arrangements

Of the measures announced in this year's Federal Budget, one attracted more controversy than most. The proposed reporting regime for contractors in the building and construction industry stirred enormous debate, and the Government has finally released its consultation paper documenting its rationale behind the proposal. In this article, we examine what the Government is hoping to achieve and some of the practical issues for contractors and "purchasers" of contractor work.

Read full article here

Armidale Office

Cabarita Beach Office

Casino Office

Coffs Harbour Office

Glen Innes Office

Grafton Office

Kyogle Office

Murwillumbah Office

Toowoomba Office

Warialda Office

Ballina Office

Canberra Office

Chinchilla Office

Dalby Office

Gold Coast Office

Inverell Office

Lismore Office

Pittsworth Office

Walcha Office

Yamba Office

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This newsletter is provided by WHK and its member firms and WHK Financial Planning (WHKFP) as an information service only and does not constitute financial product advice. WHK & WHKFP provide no warranty regarding the accuracy or completeness of the information. All opinions, conclusions, forecasts or recommendations are reasonably held at the time of compilation but are subject to change without notice by WHK & WHKFP. Both WHK & WHKFP assume no commitment to update this document after it has been issued. Except for any liability which by law cannot be excluded, WHK & WHKFP, its Directors, employees and agents disclaim all liability (whether in negligence or otherwise) for any error, inaccuracy in, or omission from the information contained in this document or any loss or damage suffered by the recipient or any other person directly or indirectly through relying upon the information.

Section 945A of the Corporations Act requires financial planners to obtain information from clients before making recommendations. Equivalent requirements apply also to accountants in relation to the provision of taxation advice. Accordingly, clients and readers should not act only on the basis of material obtained in this newsletter because the contents are of a general nature and therefore do not take into account each person's individual circumstances and may be liable to misinterpretation. Do not act upon any of the information contained within this newsletter without first obtaining specific advice from your local WHK Adviser.

WHK Group Pty Ltd ABN 84 006 466 351 and WHK Financial Planning Pty Ltd, holder of Australian Financial Services License No. 238244 ABN 51 060 092 631.