Anne Street Partners attended The Newcastle Home Show on 26th – 28th of July. The event was incredibly well received, with a busy weekend for Anne Street Partners – kicking off the first round of three major home shows we are attending in 2013.

Our clean and fresh looking stand quickly established a professional and our competition for $50k off your home loan was exceptionally well received, with many happy entrants using iPad entry technology to enter the draw.

The Anne Street Partners Newcastle team were in attendance to field queries, answer questions and promote the Anne Street Partners difference to the local community. In addition, they inflated nearly 1000 balloons over the three days – turning the Newcastle Entertainment Centre into a “sea of orange”

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The term “tax risk management” is usually used in reference to large corporations and simply refers to a deliberate strategy to minimize tax liabilities while complying with all relevant laws and procedures. But putting strategies in place to manage tax risk is a smart idea for small businesses and individuals as well.

In large enterprises, the board of directors, management and other key players must come together to develop the best tax risk management strategy. For smaller organizations or individuals, this could be a one-person assessment of issues and risks.

Risks examined involve uncertainties in tax laws and how to deal with them as well as financial reporting decisions, how acquisitions are handled, tracking sales properly and a host of other issues.

Since an ATO audit can be costly and time-consuming, the primary tax risk to consider is proper compliance with tax laws. A tax professional can’t accurately prepare a return for a company or individual without a complete understanding of how the numbers provided were reached.

Like so many other aspects of business, tax risk management simply comes down to making a plan, following it and constantly reassessing this plan to make sure it complies with all laws, takes into account all eventualities and adequately serves the needs of the person or the organization.

Without good planning, the person or organization is open to undesirable and unnecessary risk — and this kind of risk is a bad business decision.

For advice and strategy, get in touch with our team at Anne Street Partners today and speak to one of our friendly team on 134 977 

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Whether buying a car, a home or just trying to get the best rate on a personal loan or credit card, you need a good credit rating. Many young people today have some sort of debt after leaving university and this can impact your finances later on. If credit rating is nonexistent or lacking, there are things you can do to improve your rating.

Here are a few quick tips from our team:

Pay bills on time. This may sound simple, but nothing dings your credit report worse than slow pays and delinquent accounts.

Pay off old debt. Funnel extra income toward the oldest debts as well as the smallest balances and clear up as many things as you can before looking for a major-purchase loan.

Don’t close account with good histories. Positive open accounts help your credit rating, so don’t close accounts when they’re paid off. Just leave them inactive.

Don’t max out cards. Cards that are nearly at their maximum look worse on a credit report than cards that have plenty of wiggle room. Maxed out cards indicate that you could have a financial problem.

Don’t apply for new credit you don’t need. Having too many new accounts or requests to view your credit history can hurt your credit rating, so don’t apply for any other new credit while trying to get a loan for a major purchase.

Rehabilitate bad credit with an installment loan. Taking out a small loan and then paying as agreed adds positive info to your credit report, improving your credit rating.

Wait. Bad things drop off your credit history at set times, usually seven or 10 years. If a negative entry will drop off soon, wait to apply for a major purchase until it does.

Be sure you have the credit reference agencies correct any wrong or outdated information you find so that your report and your history is as clean and accurate as possible before you use it to apply for a loan.

Remember that even a small positive or negative change to your credit history can make a big difference in your overall credit score because of the way this number is calculated.

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ANNE STREET PARTNERS ANNOUNCE CORPORATE CHARITY PARTNERSHIP WITH

THE DUKE OF EDINBURGH’S AWARD IN AUSTRALIA

Anne Street Partners is delighted to announce its association with The Duke of Edinburgh’s Award in Australia – commonly known as “The Duke of Ed”.

The partnership marks the first corporate workplace giving relationship for the The Duke of Ed and has been over six months in the planning. It allows Anne Street Partners staff to become directly involved with improving the lives of young Australians from all walks of life through direct guidance and charitable contributions.

Duke of Ed is Australia’s leading youth development charity. It transforms the lives of young people across Australia, and has a proven itself an effective way of raising self-esteem, resilience and confidence in young people – including those with disabilities or social need.

Michael Adamson, Anne Street Partners, Chief Executive Officer said:

“The Award inspires confidence, leadership and community engagement in young people – attributes that Anne Street Partners views as core components to its company value proposition. We therefore consider them an ideal corporate charity partner for us.

“Furthermore, we are excited to offer our employees the opportunity to partake directly in The Duke of Edinburgh’s Award, which teaches new skills that can be readily transferred into the workplace. We will also be actively promoting The Duke of Ed as a way of directly becoming involved with the local community, assisting with award participations and coaching activities – it’s a great way to help young people reach their Duke of Ed goals.”

Peter Kaye, the Chief Executive Officer of The Duke of Ed, said the association with Anne Street Partners has heralded a new era for the awards and recipients.

“Anne Street Partners has committed more than just funds to The Duke of Ed – it is making a tangible contribution to the program in a way that will benefit our program immensely,” Mr Kaye said.

“It has opened the way for our corporate sponsors to take an active role in nurturing the youth of Australia.”

For more information on how you can get involved, please contact Brent Tuckerman on btuckerman@annestreetpartners.com.au.

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