Duncan Dovico - The Bottom Line

Welcome to Edition 2 of The Bottom Line Newsletter.
Happy New Financial Year!

It’s hard to believe the 2012 financial year is now locked away and we are into the 2013 financial year. The team at DD continues to assist and guide all clients on a wide variety of tax, superannuation and business matters, and those clients who we prepare individual tax returns for, our ACCESS tax division is ready to help to lodge your return from 1st July 2012.

Following the recent Budget release, where a series of changes relating to superannuation and tax were announced, the start of a new financial year brings with it an opportunity to consult with us to ensure that your tax, business and superannuation needs are in place for another 12 months.

We trust that you enjoy reading The Bottom Line, and look forward to assisting you with your ongoing business, taxation and superannuation requirements…regards Brad, Michael, and the team at DD.

It's Tax Time - We can make your life less taxing

2012 Tax Time

"It’s tax time again, and our team here at
DD - Access Tax & Accounting Solutions - is
ready to assist you with your tax return lodgement

We can arrange convenient appointments at any of our three locations - Heidelberg, Diamond Creek or by appointment in the CBD. Our pricing structure remains unchanged from 2011 and our team members remain the same.

As in previous years, we encourage face-to-face appointments as our clients always benefit from this personal interaction where our clients can discuss a number of tax and financial related matters on the spot. If it is not possible to meet up, we continue to offer convenient alternatives in the form of telephone appointments, or you can send your information into us either by email, fax or mail."

Your business - is it a retirement fortune or a retirement missed fortune?

Retirement FortuneBy Brad Purvis B Bus (Acc) CPA,
Partner Duncan Dovico - Accountants & Advisors

Many owners of small and medium sized businesses often remark to us that a large proportion of their retirement and superannuation wealth will be derived from the sale of their business, when they decide to sell it, retire or move on.

When we stop and ask them what they think the business is worth and then ask them how do they intend to go about the process of realising this value, we are often met with the reply - "I don’t really know its value or how I will go about selling  it" ...

So does your business represent a retirement fortune or will it simply become a retirement missed fortune?

Read More

Why does everyone keep telling me to put money into super?

Money In SuperYou read it in the paper, you talk about it with your family and friends, and your advisor places it on the agenda every time you meet with him or her.  But why is everyone telling you to put money in super?  What are the benefits of putting your savings in a superannuation fund instead of investing directly in the share market, real property or cash? 

The benefits of having some or all of your savings in superannuation all arise from the generous tax concessions that superannuation investments benefit from:

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Do you use your car for work or business?

Car for work or business?Who should read this article?
If you own or lease a car, and drive it for work or
business purposes, you may be entitled to a deduction
for car expenses.  There are special rules for working
out how much you might be entitled to deduct, and the
documentation you might have to keep to support
that deduction. 

What is at stake?
If you own or lease a car, and drive it for work or
business purposes (this generally does NOT include
driving to and from work every day) you may be able
to deduct all or part of the following expenses:

Read More

Wanaka, New Zealand - A South Island Jewel

Wanaka Lake, New ZealandMany visitors to the South Island of Aotearoa
(New Zealand) sample the adrenalin-pumping activities
on offer in Queenstown, but miss the laid-back ambience
of Wanaka, only an hour away over the Crown Range.

Nestled on the shores of Lake Wanaka, the township is the host to the ski mountains of Cardrona and Treble Cone, both only 20 minutes drive away. The Mt Aspiring National Park can be accessed from Wanaka and has on offer some day walks that will take you to the glaciers and beyond.

Read More

Liquidity - A comment on wines that we like

If you haven’t tried the Tim Smith 2009 Barossa Shiraz then you’re probably missing out on a damn fine wine. It hails from the famous Barossa region and this wine is a ripper.

My mate Smithy put me onto it and he raves about it too, and he knows his stuff, in fact I think I’ll get him to write a piece about one of his favorite wines in an upcoming newsletter.

Anyway, leaving aside some of the pomp and ceremony around wine jargon -  this is how it comes across to me- it’s got great flavour , it’s not too heavy or full, and is a fine drop to enjoy any day of the week - go ahead and try, I’m sure that you won’t be disappointed.

Read More

Out and About with Duncan Dovico

North Eastern Business Forum (NEBF)

Simon BiddiscombeDD is a foundation sponsor of the NEBF -
a forum where like minded business owners
can meet in an informal networking environment
to  make  new contacts, discuss new business
ideas and create new sales opportunities. Held
at the Watsonia RSL Club In March 2012, the
forum attracted over 85 attendees who heard
guest speaker Heath Black talk about his sporting
and personal life and overcoming mental health issues. NEBF patron and MC, Simon Madden,  then led an eye opening and frank Q & A session with Heath Black. All of those who attended said it was memorable and enjoyable night. For more information about the NEBF including future events contact Brad, Amanda or Michael.

Pictured top right: Amanda Castricum, Heath Black & Brad Purvis at the recent business forum

Great Australian Story 

On Wednesday July 11th 2012 DD will host its next
Great Australian Story evening at the Kew Golf Club.
These relaxed evenings showcase inspiring stories of
start up and early stage Australian business ventures.
The July 11th story introduces the Hidden Garden
Sustainable farm story. Hear from founders Mark and
Vanessa Bennett as they introduce an amazing story
which is set to change the lives of everyone on Australia's
remote Christmas Island.

For more details [Download Flier]
Numbers are limited so best to book early
and call Rhonda Connop on 03 8458 0024

Eltham College 2012 Cricket Tour of England and Ireland 

Eltham College 2012 Senior Cricket TeamDuncan Dovico is delighted to be the major
sponsor of the Eltham College 2012 Senior
Cricket Tour. Fifteen young cricketers from years
10, 11 and 12 set off to the UK on June 20th
2012 to compete against a number of English
Colleges over a three week period.

DD's sponsorship will assist the boys with some
of their tour gear and with the development of their cricket.

Good luck lads!!

Pictured Top Right: Eltham College 2012 Senior Cricket Team at Malahide CC in Ireland before their first tour game.

At the Miles and Co Property Seminar:

Miles Real EstateIn March 2012 Brad Purvis and Glenn Hampton
from DD were key note speakers at the Miles and
Co Real Estate Property Seminar in Ivanhoe.
Over 80 guests attended to hear Brad and
Glenn’s update on the latest issues impacting
Self Managed Super Funds and property including
an update on the new borrowing rules for
Self Managed Super.

For more information about Super, Property and related Strategies contact Brad, Glenn or Michael on 1300 883 122.

Amanda's Relay For Life:

Capsicum TeamAmanda Castricum - Senior Manager at DD
recently participated in the Cancer Council Relay
for Life. The relay provides particpants with an
appreciation of how cancer effects each and
every person, including carers, family members
and the individual themselves.

Amanda walked with her family (known as the
"Capsicum Team") for 24 hours, with a member of
her family holding the batton at each lap of the relay.

Below The Bottom Line

Private Health Insurance rebate changesBelow the Bottom Line videos are a convenient
way to stay informed and updated on a variety
of financial related topics and newsworthy
issues, produced by Duncan Dovico -
Accountants & Advisors.

Below The Bottom Line Latest Video:
Brad and Richard get to the Bottom Line
of the recent Private Health Insurance rebate changes.
Play Footage