A Life Less Ordinary

knp Solutions ushered in the new year with special guest, Max Markson, at its recent client function.
Mr Markson entertained the large group of clients, staff and business associates with stories of "Extraordinary People doing Ordinary Things and Ordinary People doing Extraordinary Things".

The humour and confidence of this self-made entrepreneur was light relief whilst other talk is only on the economic down turn!

Instead of the doom and gloom of the finance world, Mr Markson had the group laughing while thinking of Bill Clinton singing karaoke at a late night bar and fascinated at how a teenager from Bournemouth, England, never looked back after booking the unknown AC/DC for the first time!

As has become tradition, Norman Same updated our clients on the latest news from knp before introducing Mr Markson. "The world may be facing an economic down turn but knp is well positioned to help any of its clients who are feeling the effects of this slump."


He encouraged our clients to keep the fields of communication open; "We can only help our clients if they allow us to, so make the phone call to either Michael, or Andrew, or me before things start mounting up."

To view more photos from the event please go to: knp Photo Board

Read knp Director Norman Same's recent interview with Max Markson for The Australian Jewish News




knp News

knp Birthdays

Happy Birthday to you!
From all of us at knp to all those who celebrated a birthday last month, we wish you many more happy years.

Announcements

knp Celebrates the birth of Nicholas Harvey, pictured here with his big brother Jack.
Nicholas is the second son to Jason, who heads up knp Financial Solutions, and his wife Sharni.

Just For Laughs

Proving that the knp directors see the fun side of life, Michael and Norman puckered up to Andrew at Michael's 50th birthday party that was held recently.
knp Taxation & Financial News

Government Rolls Out Cash Handouts

Starting this week, the Government has begun handing out cash bonuses to taxpayers with taxable incomes below $100,000 and who paid tax for the 2007/2008 financial year.

knp Encourages its clients who are eligible for the cash bonuses but have not lodged their 2007/2008 tax returns to contact the office as those who lodge after 30 June 2009 will not receive a cash bonus. READ MORE

Tax Concessions For Businesses

The Government has announced changes to the temporary investment allowances.
However, due to the complexities in the draft legislation for these temporary investment allowance please seek advice from your knp representative before making any capital purchases to ensure that they qualify. READ MORE CLICK TITLE

Proposed Amendments to Tax Laws

The Government has introduced the Tax Laws Amendment (2009 Measures No.1) Bill into Parliament.

The amendments will look at: Providing reductions in PAYG instalments; PAYG Summary Reporting Requirements; And the amendment of the income tests for tax and/or social security programs. READ MORE CLICK TITLE

GST and Uncommercial Property Arrangements

The Tax Office has released two Alerts, warning taxpayers that it is currently scrutinising GST and uncommercial property arrangements. READ MORE CLICK TITLE

Pension Drawdown Relief

The minimum drawdown requirements for account-based annuities and pensions has been temporarily suspended by the Government for the second half of the 2009 Tax Year. READ MORE CLICK TITLE

FBT & Victorian Bushfire Appeal

The Government has announced that it will amend the FBT legislation from the beginning of the 2008/09 FBT year (1 April 2008) to ensure that donations to the Victorian bushfires appeal made under salary sacrifice arrangements do not result in an employer incurring an FBT liability. READ MORE CLICK TITLE

Attention Parents - Keep Your Receipts!

Parents with school going children can be eligible to receive refunds for school related expenses.
You will need to keep your receipts throughout the school year so knp can claim your expenses in your 2009 tax return. READ MORE CLICK TITLE

LINKS

:: knp Solutions
:: ASX
:: Datalink
:: All Ordinaries
:: Dow Jones
:: The Australian
:: The NY Times
:: London Times
:: Financial Review
:: The Age
:: BRW
:: ATO
:: ASIC
:: CNN
:: ABC
:: White pages
:: Yellow Pages


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