What's Happening at DSR in May?

In this issue:

• Investment Properties and what you can claim
• The 'no frill's Budget
• Tax Planning - it can save you $
• Tax Tip
• Important Dates
• Client Testimonial

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Welcome Note Welcome to What's Happening at DSR this May. Each month we aim to bring you interesting and tax effective ideas for saving you money, growing your business and  ultimately building a successful retirement plan. Remember, whatever your financial & accounting needs we can work with you to find a solution.

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Investment Properties & what you can claim As we know investment properties can be depreciated. Whether it be a house, unit or commercial property,they all qualify for claiming tax deductions on the wear and tear of your investment property. By using an ATO compliant tax depreciation schedule, you can claim legitimate tax deductions on your investments, conserving your cash flow and safeguarding your future. With the new tax almost upon us, it's now the time to do tax planning. To help you with questions you may have about claiming tax deductions on your investment property we've included an e-book provided by Quantity Surveyors, The Depreciator.   Click here for your free copy. If you have any questions about your investment property, give us a call today on 4332 2799

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The No-Frill's Budget The Media has widely labelled the 2010/2011 Federal Budget a 'no-frill's' budget and they are not wrong. This budget is filled primarily with past announcements, leaked initiative and a myriad of technical amendments. Funded primarily by the recently announced Resources Super Profits Tax due to commence on 1 July 2011 and a more buoyant economy (thus stronger tax receipts), the Treasurer was at pains to paint a picture of fiscal responsibility.    The highlight was the economy itself which is expected to return to surplus in three years; three years ahead of the predictions in the 2009/2010 budget forecast.   But (and you know the most important part of any statement is the part that comes after the word ‘but’) it is not the headline issues that are important, it’s the detail.  Being fiscally responsible also means cracking down on revenue leakage including an additional $2.7bn in revenue generated from a boosted GST compliance program. The No-Frill's Budget If you have any questions on how this may affect you, give us a call on 4332 2799

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Tax Planning - it can save you $ Last month we discussed the importance of tax planning... and with 30 June fast approaching, time is running out to explore and implement any tax advantages to your business. Tax planning is legitimate when you do it within the letter of the law and it could save you $000's off your end of year tax bill. With this as a possibility, why would you not investigate what you are entitled to before paying out to the ATO? Call us today on 4332 2799 to investigate ways of reducing your June 30 tax bill.

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Tax Tip Did you know... Banklink can save you time and money Ask us how today on 4332  2799

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Important Dates 21 May         April 2010 Monthly Activity Statements 26 May         Jan - Mar 2010 Activity Statement (lodged via DSR)

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Client Testimonial DSR offer excellent financial and investment advice, and, although my company is only small, DSR handle my enquiries with a professional, friendly, caring manner. The DSR difference is that they care for my company as if it is their own. Mark Walpole Walcom Ltd Ltd

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About Davis Stewart Rowland Davis Stewart Rowland is a three partner firm located at The Entrance on the NSW Central Coast. With over 50 years experience we have an in-depth knowledge of what the business owner and investor needs to embark and stay on the path of growth and wealth creation. We have a unique appreciation of the issues business owners and investors face, which makes us an integral part of our client's advisory team. Our comprehensive approach includes: Benchmarking Tax minimisation plans Cash flow forecasting Business information processing Management & strategic advice Whatever your needs we can help find a solution.  Call us today on 4332 2799