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Spring 2008


    A word from the Chairman

    Current economic conditions are challenging to say the least and uncertainty continues to stalk the US, Australian and global markets. Unfortunately, it appears the fallout from the sub-prime collapse and global credit crunch will continue for the short term at least. In times like these, it is critical to ensure that you and your business are positioned appropriately to weather the storm.

    Special feature - Credit crunch of 2007 and 2008

    Credit crunch – a term that prior to last year was rarely spoken or heard of. Today the term spreads through global economies on a daily basis as governments, investors and employees await the next extraordinary event to unfold. Defined as a ‘severe shortage of money or credit’, the global credit crunch became a harsh reality in August last year following sub-prime contagion in the months before.

    Property transactions - The devil is in the detail

    Unfortunately as accountants, we often find that clients have embarked upon a property transaction that might not provide the optimal outcome. With a wide range of taxes (federal and state based) applying to transactions, it is often thought the accountant can tie up the loose ends once the transaction has been completed.

    Are you at risk of money laundering and terrorism financing?

    Accountants, real estate agents and lawyers, are specifically being targeted by the new draft legislation expected to be pass into law this year.

    Make your business work smarter

    In the current climate of tighter economic conditions, business owners face the ever increasing challenge of trying to manage their day-to-day responsibilities whilst still maintaining the bottom line. 

    Strategic growth is critical for survival

    Corporate Finance has many roles to play in a company’s pursuit of growth and increased profitability. At Moore Stephens, we understand the importance of strategic growth and the use of Corporate Finance to achieve a company’s objectives.

    Prevention is better than cure

    On the 13 August 2008, the Tax Commissioner, Michael D’Ascenzo, launched the Australian Taxation Office’s (ATO) Compliance Program for the 2008-2009 financial year.

    Charities and not-for-profits need a reporting overhaul – or not?

    On 18 June 2008, the Senate established an inquiry into disclosure regimes for charities and not-for-profit organisations. Over 140 submissions have been received by the Senate Committee. The inquiry maintains a website where more detailed information can be reviewed.

    SMSF borrowing strategies

    The announcement of new provisions for permitting self-managed superannuation funds (SMSF) to borrow was greeted with surprise, speculation and suspicion.

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