These are times of unprecedented economic upheaval and uncertainty. Commentators, analysts and pundits can’t seem to agree on how bad it’s going to get, but most agree it’s going to get worse before it gets better.

The challenge for anyone in business is to protect our assets and ensure we are best placed to take advantage of the inevitable recovery when it arrives.

Both the Australian and world economies will need to show signs of such a recovery before we start seeing strong returns in equity markets. So while a recovery may be sometime off, monetary policy and emergency responses appear to have at least calmed markets, with the focus now shifting to rebuilding business investment and consumer confidence.

The Federal Government has recently introduced two new concessional tax measures as part of the stimulus packages announced in October 2008. On page six you can read more about the temporary investment allowance and tax installment relief for small businesses.

We also have a special feature on how to attract and retain talented staff during the economic downturn and discuss strategies on how to retain your key talent during the hard times, especially when recruitment costs are tight.

In these times, more than ever, our main focus is on the success of your business. If you require assistance or advice with any aspect of your business, our professionals from around the network would be happy to help.

Our contact details can be found on the back page of this publication or go to our website: http://www.moorestephens.com.au

Kevin Neville
Chairman, Moore Stephens Australia
from the Chairman