Quarterly Newsletter July to September

Fri Oct 19 2007

Upcoming Events

Spectrum Financial Partners invites you to join us at an Exclusive Investor Briefing Session for an Initial Public Offering for Pacific Environment Limited (PEL).

We are excited about sharing with you a rare opportunity to invest in a specialty environmental and consulting company.

When:           Thursday 25th October 2007
Registration:  5:00-5:30pm
Start Time:     5:30 pm
Finish Time:    7.00 pm
Where:           Marriott Hotel, Surfers Paradise

To take advantage of this unique opportunity, please RSVP to Kate on kate@spectrumfp.com.au by 22nd October 2007.

Upcoming Deadlines

20th October - last date for providing staff with Workplace Relations Fact Sheet to existing employees.

21st October - Due date for monthly BAS & IAS for last month lodged by any method.

28th October - Payment due - last quarter Super Guarantee for employees.

31st October - Due date for 2007 Income Tax Return if you have 2006 or more outstanding.

13th November - due date for paper lodgement for September quarter BAS.

Dont forget to check out our website for the lodgement program calendar: http://www.spectrumfp.com.au/accounting-resources

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Interested in Successful Business Networking?

We would like to take this opportunity to introduce you to another avenue we have found to be very successful for us here at Spectrum Financial Partners.

For the past two years we have been members of The Executive Alliance. This exclusive networking group has put us in touch with other successful business people and opened up a whole range of new opportunities for our business.

We meet monthly for lunch in a totally unique format that allows us to learn and benefit from what other successful business people are doing, build strong relationships and meet new clients. There is a large cross section of established Gold Coast companies and only the key decision makers (Business Owners, Directors and Managers) are allowed to join.

Until recently we have been unable to pass this information on to you, as membership had been limited to a select group of only 50 companies.  The Executive Alliance is now expanding, which has created an opportunity for other business people to join the group.  They now have over 70 companies and more than 100 senior personnel attend their monthly meetings. It?s a great environment to do business in.

Interested to Find Out More?

Then come and experience the meetings for yourself.  Simply call Faye or Debbie at The Executive Alliance on 55395125.  They will send you more information and even invite you to come and experience the benefits first hand.  We hope to see you there!!

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                                                                2007 Tax Obligations

As keeping your taxation obligations up to date is our priority, we ask that you submit your workpapers for your 2007 return as soon as possible if you have not alrady done so.  Once all of the necessary information has been received, we will  schedule your work for commencement.

This will give us both the opportunity to assess your financial situation and manage your future goals.

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Oven-roasted ratatouille

Renee?s Favourite Recipe

1 red onion, finely sliced
1 medium eggplant, cut into 3 cm cubes
1 red capsicum, deseeded and cut into 3cm pieces
1 green capsicum, deseeded, cut into 3 cm pieces
2 zucchini, cut into 2cm thick slices
2 x 400g cans diced tomatoes
1/2 tsp dried oregano
2 garlic cloves, crushed
160g fresh low-fat ricotta, crumbled
8 fresh basil leaves, shredded

1. Preheat oven to 200c. Combine onion,
eggplant, capsicum and zucchini in a
roasting pan. Spray with oil and gently
toss. Roast for 30 minutes.
2. Stir in tomato, oregano and garlic.
Roast for a further 30 minutes or until
tender. Taste and season with salt and
pepper.
3. Scatter over the crumbled ricotta
and basil. Bake for a further 10 minutes.
4. Spoon into serving dished. Serve. 

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Featured Business of the Quarter

Key & Cobbler provides the latest technology in computerised embroidery, logos, corporate uniforms,  caps,  towels and linen. They offer this great range of services to private and professional customers. No job too big or small!

In addition, they do Computerised Engraving on a wonderful range of selected Giftware and Trophies for that special occasion. Computerised name badges and plaques are also available.

This one stop shop can program and cut Electronic Keys for Holden Commodores for as low as $99.00 per key and Toyota Land Cruisers and most other vehicles from $140.00.

They offer a large range of  household and car keys with a money back guarantee.

Key & Cobbler will look after your shoe repairs too as they have 30 years experience in the business, also offering a large range of shoe care products. If your shoes need stretching,  new soles and heels, new colour, glueing,  or patching, they will fix it!

 You will find them located between Target and Woolworths in Westfield Helensvale.

For assistance call one of their friendly staff on 0755735300.

They look forward to the pleasure of meeting and assisting you.

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Meet the Team at Spectrum Home Loans & Finance!

Our friendly team are willing and able to help you with any queries you may have. Our finance broking services include Home Loans, Commercial Property & Business Loans, Vehicle & Equipment Finance and Personal Loans.

Spectrum Home Loans & Finance is accredited with all of the major banks and non bank lenders, giving us a wide range of home loan & commercial property loan products and services to offer our clients. You can be sure that Spectrum will find the best loan at the lowest rate.

Phone Spectrum Home Loans & Finance for prompt and professional service on 07 55 562 616.

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Tax Update - Car FBT Records

The Tax Office has warned that some employers are using inaccurate methods in dealing with their fringe benefits tax (FBT) obligations resulting from the provision of car benefits to their employees.

Three areas where employers have been found to be making errors are:
- the car log book does not provide enough information about the use of the car,
- where the car is garaged at an employee?s residence and the employer, using    
   the operating cost method for calculating FBT, claims that the car has
   substantial use but there is no record in the log books of business travel being
   undertaken,
- employee contributions are incorrectly treated for income tax and/or GST
  purposes.

An employer using the operating cost method to calculate the taxable value of a car fringe benefit must include the following for each business journey:
- the date on which the journey began and ended,
- the odometer readings at the start and end of each journey; and
- kilometres travelled and purpose of the journey. Each entry must be in English and detailed enough to show why the journey was for business. Simply
describing the journey as ?business? or ?miscellaneous business? is not sufficient.

For more information regarding Fringe Benefits Tax and your obligations, please contact Spectrum Accountants on 1300 55 65 35.