Federal Budget Newsletter 2008

View the Federal Budget Newsletter 2008 in PDF format. Articles in the newsletter include:

  • Swan's First Cygnet - Budget 2008/09
  • Tax Cuts
  • Increased Child Care Rebate
  • Superannuation Clearing House
  • Improving Housing Affordability
  • Social Security Means Testing New Definition
  • Family Income Test for Entrepreneurs' Offset
  • Senior Australians and Carers
  • Fringe Benefits Tax - Exemption for Eligible Work
  • Fringe Benefits Tax - Meal Cards
  • Fringe Benefits Tax - Jointly Held Assets
  • Medicare Levy Surcharge Threshold Increase
  • Changes to Recouping Company Losses
  • Reversal of Family Trust Amendments
  • Changes to Depreciation of Software
  • Rent Assistance
  • Education Tax Refund

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Kennedy & Co - Top 100 in Australia!

View the Kennedy & Co - Top 100 in Australia in PDF format.

Kennedy & Co has confirmed its place at the head of the accounting industry, with a strong showing in this year's Business Review Weekly "Top 100 Accounting Firms" survey.

Kennedy & Co placed 89th in the national top list and is one of the handful of South Australian firms who figured prominently in the overall rankings.

" These results represent a significant achievement for a firm from South Australia. We are very proud of this organisation and of our position locally and nationally and we continue to benefit from the commitment and expertise of our staff and the loyalty of our clients," said Kennedy & Co Managing Partner, Mr Paul Jorgensen.

" This is also a very pleasing outcome for South Australia and points to a strong and growing region and the opportunity for future expansion." said Mr Jorgensen.

With more than 13 years experience, Kennedy & Co combines a tradition of business expertise with innovative thinking and state-of-the-art systems in a dynamic commercial environment. Kennedy & Co provides services in Accounting, Taxation, Litigation Support, Auditing, Business Advisory Services, Information Technology, Insolvency Services, and Forensic Accounting to a client-base that is rapidly expanding within and beyond South Australia.

For more information about this topic or to schedule an interview with Mr Paul Jorgensen, please call Fairuz Azli at 08 8373 5588 or email fairuz.azli@kennedy.com.au




Kennedy & Co is continuing its complimentary seminars in 2008.


Structuring of Investment Properties
This seminar will consider:
- In what entity should I hold my rental property?
- What is negative gearing?
- What is the impact of land tax?
- How can I minimise my tax payable?
When: Tuesday 12 June 2008


Investment Property and Taxation Issues
This seminar will consider:
- What are the taxation issues relating to the purchase and renting of residential property?
- What is negative gearing?
- Possible sturctures regarding the purchase of property
When: Tuesday 15 July 2008

Borrowing to Purchase Property Through Superannuation Funds
When: Tuesday 19 August 2008

Multiple Holdings & Land Tax
When: Tuesday 16 September 2008


All seminars run from 6:00pm to 7:30pm and are held at our offices, Kennedy & Co, 140 Greenhill Road, Unley.

Please note the entrance to the car parking facilities underneath the building is from Unley Road.

The seminars have proven to be a good opportunity to ask questions of your accountants relating to the topic.

Numbers are limited so please ring Kim Turley to book your place on 8373 5588.


Announcement of Senior Appointments

View the Announcement of Senior Appointments in PDF format.

Since November 2005, Kennedy & Co, together with Crichton & Co, have been expanding and consolidating services for you, our clients. There is no doubt that the individual characteristics that set both firms apart from others have been strengthened by the merger which took place nearly 18 months ago.

Our teams have learned much from each other and continue to work together to produce the highest level of professional service, combined with care and real interest in the businesses and financial well being of our clients.

It is our intention that the combined strengths of our teams will continue to make Kennedy & Co a firm which is renowned for its professionalism and high standard of client service.

One of Kennedy & Co's strengths is recruiting exceptional professionals who bring specific knowledge to the wide range of services offered by the firm.

It is then, with pride and pleasure, that Paul Jorgensen and Antoinette Tatarelli announce the following senior appointments from 1 July 2007. These specialist accountants understand their clients' business and focus on successful outcomes, further enhancing their commitment to them.

Appointment of Partners

We have appointed Kathy Mazzachi, Dom Cosentino and John Falzarano as Partners of the firm.

Kathy Mazzachi, a Chartered Accountant and Fellow of the Taxation Institute of Australia, has been an integral part of the Crichton & Co team, and now the Kennedy & Co team since 1992. Kathy specialises in taxation and business services, providing specialist advice to a wide range of clients.

Kathy has a special interest in the field of superannuation and retirement planning, which includes asset transfers and capital gains mitigation in conjunction with wealth accumulations. These are important areas to consider to assist business in maximizing the benefit accruing from restructure or sale.

Dom Cosentino is a Chartered Accountant and a Fellow of the Taxation Institute of Australia. He has worked at Kennedy & Co since September 2000. Dom works in the areas of taxation, accounting and business services, servicing small to medium enterprises and professional clients across a range of industries.

Dom has a particular interest in taxation issues involving the development and leasing of residential and commercial property including goods and services tax, capital gains tax and other income tax advice relating to this area. Dom also lectures in a number of courses relating to property and taxation.

John Falzarano joined the Kennedy & Co team in March 1997 as a Graduate Accountant. John is mainly involved in taxation and business services, dealing with a wide variety of clients.

A Chartered Accountant and Fellow of the Taxation Institute of Australia, John is also involved in the management of protected estates, dealing with various matters including investment portfolios and day to day operations. Over the years, John has also had exposure to all other areas of the practice.

Appointment of Senior Managers

We are also pleased to announce our team of Senior Managers, Deirdre Bennett and Christine Hansen. Deirdre provides client and business support in the areas of taxation, administration and business services and has done so for over 19 years. Christine provides assistance to clients in the areas of taxation, business services and internal accounting systems and has done so for over 10 years.

Appointment of Managers

Joining our team of Managers are Anushka Christie, Nicole Peterson, Rajita Alwis and Robert Spiby.

We expect that these new appointments will continue to enhance the service that Kennedy & Co provides.
Tax Planning Newsletter 2007

View the Tax Planning Newsletter 2007 in PDF format. Articles in the newsletter include:

  • Capital Gains Tax
  • Superannuation for Employees
  • Interest Deductions
  • Superannuation for Self Employed Persons
  • Self Managed Superannuation Funds
  • Property Repairs
  • Companies
  • Other Tax Planning Measures

Tax Actions Dates

View the important lodgment dates by visiting our Tax Action Date

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