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Newcastle Amusements Distributing – 60 Years in Business
Newcastle Amusements Distributing – 60 Years in Business

Newcastle Amusements Distributing (NAD) is a third generation family business which has operated amusement equipment in Newcastle and the Hunter Valley since 1956 and currently owned and operated by Mark Paton. If you have lived in Newcastle for a while then chances are you would have played on one of their Pool Tables, Pinball Machines or listened to a Jukebox Machine – that they have distributed throughout the region.  

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Implications for the world, Australia & Investors
Implications for the world, Australia & Investors

In a shock for financial markets which had been increasingly confident that Britain would vote to Remain in the European Union, a victory for the Leave outcome by 52% to 48% triggered an abrupt bout of “risk off” in financial markets late last week. I suspect it was probably also a shock to many Brits themselves some of whom seem to be going through a bit of Bregret (thinking they were just delivering a protest vote against the establishment and assumed that Remain would win anyway). Of course, it wasn’t a good week for Europe either. This note tries to put it all in perspective.

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FBT 2016
FBT 2016

The Fringe Benefits Tax (FBT) rate is currently 49%.  The rate increased from 47% on 1 April 2015 in conjunction with the introduction of the 2% debt tax on high-income earners (Temporary Budget Repair Levy).  The FBT year that is just ending is the first year at the higher tax rate – which means if you have an FBT liability, you will pay more tax.

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Moving On
Moving On

Clients these days are generally less concerned in growing businesses. They are more concerned with creating value to the public which can then be sold. The wrong structure will limit your ability to sell your business interests and may have a dramatic and detrimental impact on the amount of tax you pay on the sale proceeds.

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