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									Business improvement
                                           projections. It also enables us to
                                           perform a detailed health check on
                                                                                        profit margin by 1%? and what
                                                                                        happens to our cashflow if we grow
                                                                                                                                        Seminar program
                                           your business focusing on the key            the business by 25%?                            Watch for the following Holmans seminar events. Details will be posted to
At Holmans Accounting & Taxation,
our client managers are now utilising
Business Improvement Software (BIS)
                                           drivers. We can show how a slight
                                           improvement in these drivers can
                                                                                        The impact of all these ‘what if’
                                                                                        strategies on profit and cashflow are
                                                                                                                                        all clients closer to the date, or call our office for more information.
                                                                                                                                                                                                                                                                                                                                                        creating wealth
                                           lead to substantial profit and cashflow                                                        Annual wealth creation & tax planning day                          14 Feb 2006
                                                                                        generated by BIS.
to assist business clients to improve
their profits and cashflow.
                                           benefits for very little effort.
                                           For example, what if I increased my          We are offering the first 10 Holmans             Tax planning workshops: Noosa, Maroochydore & Cairns                March 2006                                                                                                                                 managing wealth
BIS is powerful financial software          prices by 5% or 15%? What is the             clients to contact us a free health check
                                                                                                                                        Profit improvement workshops: Noosa & Cairns                          April 2006
that performs ‘what if’ scenarios
and produces cashflow and profit
                                           impact of reducing debtor days by
                                           5%? What if I increased our gross
                                                                                        on your business. The normal cost of
                                                                                        this service is $275, including GST.            Tax planning workshops: Noosa, Maroochydore & Cairns                  May 2006
                                                                                                                                                                                                                                                                   ISSUE 9 SUMMER 2006
                                                                                                                                                                                                                                                                                                                                                        enjoying wealth

Mortgage brokers can save the day                                                                                                                                                                                                                                                       From the helm
By Jon Colley, Manager - Holmans Lending                                                                                                Tips for the quarter
                                                                                                                                                                                                                                                                                        The directors and staff of Holmans wish all our clients a merry Christmas and a safe, prosperous
                       Many of my          one lender is usually better suited          customer many weeks of searching                Childcare Rebate – are you eligible?                                                                                                            and tax free New Year.
                       friends ask me      than others. And because every loan          until they had achieved what a good
                                                                                                                                        In addition to the Child Care Benefit (CCB) you may be receiving, did you know you may also be eligible to receive the                           We estimate the cost of sending Christmas cards to our clients is more than $500 and as in prior
                       “why would I        deal is different, if you are only talking   broker can achieve in a few hours with
                                                                                                                                        recently announced 30% Child Care Tax Rebate?                                                                                                   years we have decided not to send out cards but instead have donated $500 to the Queensland
                       use a finance        to one lender, you can often be led to       all of the lenders tools and specialised
                                                                                                                                                                                                                                                                                        Cancer Fund.
                       broker instead of   believe that what you want to achieve        software at their fingertips.                    Subject to the passing of legislation, you may be eligible to claim the rebate for out of pocket child care expenses you
                       going directly to   is impossible, when in fact it may                                                           have incurred from 1 July 2004 with a maximum rebate of $4000 per child. You can make the claim if you:                                      We recently held our annual charity golf day with 120 people competing in the event held at Tewantin
                       my own bank?”.      only be impossible through the lender        There are a number of reasons why
                                                                                                                                                                                                                                                                   Noosa Golf Club, raising $3175 for Nambour Hospital’s renal unit.
                       This is quite a     you have approached. Each lender is          the bank you have used for the last             •   Receive CCB
                       good question,      bound by their own individual policy         several years may not be able to lend           •   Use approved child care, and                                                                                           One of our long time staff members, Kylie Black, has been battling with kidney failure over the last 3 years so it is hoped
                       especially    for   that differs from every other lender.        you additional funds when you need              •   Meet the CCB work / study / training test.                                                                             that the money raised will help people like Kylie who are suffering the ill effects of kidney disease.
                       those who have                                                   them. A lot of times it is outside the
                                           For example, I had a client recently         ability of the Managers that work there         The first claim will be able to be made in income tax returns for the period 1 July 2005 to 30 June 2006. To claim the      Our recent workshops held in Noosa and Maroochydore focusing on profit improvement strategies for business owners
been using the same bank for many
                                           who was purchasing a 60 acre                 to do anything about this, and be               rebate, you should:                                                                                                        were a great success. Many business owners are now utilising Holmans Business Improvement Software (BIS) to set
years. There are many advantages to
                                           lifestyle property in the Noosa              assured, this can be quite frustrating                                                                                                                                     profit targets for 2005/6.
using a finance/mortgage broker and                                                                                                      •   Keep your receipts or similar records of your child care costs, and
I will try and present as many as I can    Hinterland. The property was to be           for them as well. Bank policies can at
                                                                                                                                        •   Keep your reconciliation letter from the Family Assistance Office                                                       Cairns/Port Douglas
in the next few paragraphs.                his owner occupied home, and the             times make it difficult to achieve your
                                           acreage was not income producing.            wealth creation goals if gearing is part        •   Talk to your Holmans’ accountant for further information.
                                                                                                                                                                                                                                                                   It is expected Holmans’ new Cairns / Port Douglas office will be fully operational in February 2006. Pamela Mills,
Your finance broker should be               Because the property was greater             of your strategy. Rest assured there            Business tip                                                                                                               a senior Chartered Accountant from Cairns, has joined the firm and is the manager of our Cairns office (see story
your personal advocate, mediating          than 50 acres, most of the lenders           is almost always a solution available,                                                                                                                                     this issue). I will be spending one week of every four over the next 12 months in Cairns assisting the growth and
between yourself and the bank you          he approached did not want to                and a good finance broker is generally           You should know (and monitor) your weekly and monthly breakeven point. If you know your gross profit percentage and         development of the North Queensland office.
choose to use. The result of this          write the deal as a home loan, and           one of the best people to speak to in           your overheads from last year, you can calculate your own breakeven point by dividing your total overheads by your
should be securing the best possible       they were only going to lend 65%             relation to this.                               gross profit percentage. For example, if you make 34% gross profit and have expenses of $100,000 you need to make            Have a safe and merry Christmas.
deal for you. Your broker will have a      of the purchase price. The client                                                            $294,117 to break even, or $5,656 per week.
great deal more experience dealing         approached Holmans Lending and               The Team at Holmans Lending are                                                                                                                                            Greg Holman
with different banks and finding the        I was able to provide a lender who           very professional and understand                Salary and wage earners’ tip
best deals for each scenario than          would lend 80% of the purchase price         how your loans can fit into your
                                                                                        overall financial position. You can also         Did you know if you record the business kilometers you travel in a logbook, we can pick the best method of claiming
you do, and therefore should be able       as a normal home loan. Needless to
to provide a far more competitive
package than you could on your own,
                                           say the client was ecstatic.                 access our team of 28 specialists in
                                                                                        accounting and financial planning
                                                                                                                                        motor vehicle deductions for you, with the aim of maximising your tax refund?
                                                                                                                                                                                                                                                                   Holmans awarded for business excellence
                                                                                                                                        Marketing tip
in a much shorter time frame.              There are that many factors that affect      who can help you set clear goals and
                                           different lenders and that can cause a       achieve your long term plans.                                                                                                                                                                                       After facing several weeks of a tough     planning and management processes,
                                                                                                                                        You should monitor the following key performance indicators: the number of customers who purchase from you on                                                       judging process, Holmans took out         business goals, testimonials from
One thing that working in this industry    great deal of confusion. All of these                                                        average in a day/week/month or whatever is appropriate to your business; the average sale value; and the number of
has taught me is that every deal is        factors affect you as the consumer,
                                                                                        Jon Colley is an authorised representative of                                                                                                                                                                       a Highly Commended award at the           clients and staff, customer service
                                                                                        ALCo, ABN 40 100 947 804.                       times a customer buys from you in a particular period. Then monitor these on a regular basis and introduce strategies                                               recent Sunshine Coast Excellence in       standards and how the business
different, and for each loan scenario      and it would take the average                                                                one at a time for increasing each of these KPIs.                                                                                                                    Business and Export Awards hosted         differed from competitors.
                                                                                                                                                                                                                                                                                                            by the Maroochydore Chamber of
                                                                                                                                                                                                                                                                                                            Commerce.                                 Director Greg Holman said the award
                                                                                                                                                                                                                                                                                                                                                      was “recognition of the tremendous
                                                                                                                                                                                                                                                                                                            The Award ceremony took place             business that Holmans has built over
                                                                                                                                                                                                                                         Australian Loan                                                    at the Innovation Centre at the           the past 12 years, which has come
                                                                                                                                        Holmans                                  Cnr Moorindil Street & Poinciana Avenue                 Company Pty Ltd                                                    University of the Sunshine Coast          about as a result of the great team
                                                                                                                                                                                 PO Box 820 Tewantin QLD 4565                            ABN 40 100 947 804
                                                                                                                                                                                                                                                                                                            where more than 450 Sunshine              members who work for the firm and
                                                                                                                                                                                 Tel:   (07) 5474 1455                                                                                                      Coast business owners and staff           the fantastic group of clients who
                                                                                                                                        Holman McGregor Financial Services
                                                                                                                                                                                 Fax:   (07) 5474 1350                                                                                                      attended the gala presentation.           utilise the services of the firm”.
                                                                                                                                                                                 Email:                              Professional Investment   (L-R) Holmans Directors Tony Rossiter,
                                                                                                                                        Holmans Lending                          Web:                               Services Pty Ltd                                                   The judges awarded the accolade
                                                                                                                                                                                                                                                                   Greg Holman, Dan Robertson, Kym
                                                                                                                                                                                                                                         AFSL No. 234 951                                                   to Holmans based on their business
                                                                                                                                                                                                                                                                   Chomley and Rob McGregor.

                                                                                                                                        ACCOUNTING, TAXATION, FINANCIAL SERVICES, MANAGEMENT RIGHTS AND BUSINESS DEVELOPMENT SPECIALISTS
New pensions create                                            New manager for Cairns office                                                                                  Tax planning is now all                      Business gems                                                                     Charity golf day raises $3175 for renal unit                                                               Risky business
big opportunities                                              Pamela Mills, Manager of Holmans’ new Cairns office.                                                           year round                                   Barry and Faye Roff have been operating Roff’s Fine Jewellery in Noosa’s
                                                                                                                                                                                                                                                                                                            More than 120 Holmans clients, fund managers, solicitors and real estate                                 To launch the new
                                                                                                                                                                                                                                                                                                                                                                                                                     year and as part of
                                                                                                                                                                                                                                                                                                            agents joined Holmans’ staff for the annual Charity Golf Day at the Tewantin
                                                                                                                                                                                                                          premier shopping location, Hastings Street, for 25 years. We wanted to                                                                                                                     Holmans’ ongoing
By Rob McGregor,                                                                        As part of our ongoing business growth Holmans is                                    The last few years have seen                                                                                                   Noosa Golf Course. The Golf Day has become a much sought after event
                                                                                        expanding into the tropics with the highly anticipated                                                                            unveil some of their secrets to success...                                                                                                                                                 business growth,
Director - Holman McGregor                                                                                                                                                   rapid growth in the market for tax                                                                                             on the local social calendar, with all players agreeing the day was a great
Financial Services                                                                      opening of our Cairns / Port Douglas office in February                                                                                                                                                              success. Registration fees collected for the event were donated to Nambour                               Adam Rogers will
                                                                                                                                                                             effective investment products with                                                         Nicole Saunders
                                                                                        2006. We are delighted to introduce Pamela Mills, a highly                                                                                                                      (Accountant),                       General Hospital’s renal unit.                                                                           join the firm as a
                                                                                                                                                                             an increased variety and quality of
                        New legislation has                                             qualified and experienced Chartered Accountant, who will                                                                                                                         Barry & Faye                                                                                                                                 Risk Manager. His
                                                                                                                                                                             these. Once upon a time everyone                                                           Roff and Greg
                        now changed the                                                 set-up and manage our new office.                                                                                                                                                                                                                                                                                             role is to provide
                                                                                                                                                                             rushed into these products during                                                          Holman at Roff’s
                        circumstances that                                                                                                                                                                                                                              Fine Jewellery in                                                                                                            a complete range of insurance
                                                                                  Pamela has more than 7 years experience in public                                          June each year, making tax planning
                        you may commence                                                                                                                                                                                                                                Hastings Street.                                                                                                             solutions for individuals, families,
                                                                                  practice, specialising in business services and taxation and                               a last minute thing.
                        a superannuation                                                                                                                                                                                                                                                                                                                                                             and business owners.
                        pension. Previously                    is currently completing her Masters of Applied Taxation. In addition to her                                   Many tax effective products are now
                                                               taxation expertise, Pamela has 6 years broad commercial experience in the                                                                                                                                                                                                                                                             Adam is a Bachelor of Economics,
                        you had to be 55                                                                                                                                     open all year round and we have seen
                                                               areas of franchises, insurance/super fund administration, electrical industry                                                                                                                                                                                                                                                         and has also completed a Diploma
                        “and retired” to                                                                                                                                     in the last few years some of the best
                                                               and the oil service industry.                                                                                                                                                                                                                                                                                                         of Financial Planning. He has more
                        commence a pension.                                                                                                                                  on offer close as early as March, with
                                                                                                                                                                                                                                                                                                                                                                                                     than 11 years experience in the
                                                               When time permits, Pamela loves to relax down by the water by either sailing                                  some products only being open for                                                                                                Practising for the next ski season:           L-R: Ray Whiting, Rowena Lester
You are now able to commence a                                                                                                                                                                                                                                                                                                                                                                       financial services industry, beginning
                                                               yachts or scuba diving on the Great Barrier Reef.                                                             a couple of weeks. There are also            What are your secrets to business success and longevity?
                                                                                                                                                                                                                                                                                                              L-R: Narelle Burke (Great Southern            (Macquarie Margin Lending), Dan
pension from age 55, even if you are                                                                                                                                                                                                                                                                          Plantations), Adrienne Wild (resort           Robertson (Director Holman McGregor      his career with the Sydney office of
                                                                                                                                                                             strategies to reduce tax that can only                                                                                           owner), Sonja Cordwell (Vanity Fair)          Financial Services) and Rob Martin
still working. You will not, however,                                                                                                                                                                                                                                                                                                                                                                MLC where he developed a strong
                                                               The full range of Holmans’ services will be available to our Cairns / Port                                    be implemented if they are started           Customer service is one key to our success. We always provide the best              and Annabel Harris (Noosa Fine Arts)
be able to access the capital until                                                                                                                                                                                                                                                                                                                                                                  passion for the personal insurance
                                                               Douglas clients, including accounting and taxation, business development,                                     earlier during the year.                     service possible and ensure that we get back to our customers if they have any
you retire.                                                                                                                                                                                                               queries. In this way we ensure their repeat business. Another key to success                                                                                               side of the business. He moved to
                                                               residential and commercial lending and leasing, and financial planning.                                                                                                                                                                                                                                                                Brisbane 10 years ago, and most
                                                                                                                                                                             This year we will be establishing a          is the quality of our stock. We individually select each item, ensuring that we
This creates two big opportunities in                                                                                                                                        register for those who:                      provide high quality and unique pieces that are not found in other franchise                                                                                               recently worked as a Practice
                                                               Cairns clients can call our free call number 1800 191 899.
the lead up to retirement.                                                                                                                                                                                                jewellers. By focusing on both of these areas, we find that we maintain a high                                                                                              Development Manager for MLC (it
                                                                                                                                                                             •   Are expecting higher than normal         level of customer satisfaction.                                                                                                                                            was here that Holmans developed a
The first is simply the ability to move                         Investment opportunity                                                                                            income,                                                                                                                                                                                                             close relationship with Adam).
to a semi retired phase with income                                                                                                                                                                                       If you were to start your business today, what would you do differently?
coming both from employment and                                If you are looking for an exciting agribusiness investment opportunity that                                   •   Will have substantial capital                                                                                                                                                                                       Adam is married with 3 children.
from a superannuation pension.                                 provides the potential for sound returns with outstanding tax benefits, please                                     gains, or,                               We would develop and maintain a comprehensive database of our customers
                                                                                                                                                                                                                                                                                                                                                                                                     Outside of work, he is a regular golfer
                                                               call Holman McGregor Financial Services on 5474 1455 and ask us about Great                                                                                so that we could easily keep in contact with them. We would also undertake          L-R: Paul Langdale Hunt (Las Rias), Noel      L-R: Jeff Rendell (National Australia
                                                                                                                                                                                                                          more marketing activities to drive the business further.                                                                                                                   (some of you may have met him at
The second is the ability to start                             Southern investments. Great Southern Finance is offering 24 month interest                                    •   Want to push their tax bill down                                                                                             Harris (Noosa Fine Arts), Adam Rogers         Bank), Bart Jacques (Hotel Laguna),
                                                                                                                                                                                                                                                                                                              (Holmans’ new Risk Manager taking             Stephen Winnett (Noosa Village           Holmans’ golf days), squash player,
your pension, with all the associated                          free finance on any Great Southern investment made prior to 30 December                                            more aggressively.                       What is the best business advice you have been given?                               a well earned break before joining the        Pharmacy) and Tony Rossiter (Director,   and likes to play the guitar. After
tax advantages, and at the same                                2005, with no repayments until 15 July 2006.                                                                                                                                                                                                   fast pace of Holmans) and Adam Tyley          Holmans Accounting & Taxation)
                                                                                                                                                                             If you would like to be on this register                                                                                                                                                                                growing up next to the beach, Adam
time salary sacrifice all or most                                                                                                                                                                                          Invest more money into superannuation!                                              (Professional Investment Services)
                                                                                                                                                                             please contact our office ASAP and                                                                                                                                                                                       is keen to get back to the water and
of your employment income to
superannuation, which effectively                              Tax planning & wealth creation day                                                                            ask to be put on the tax planning            What do you like best about Holmans?                                                                                                                                       test his skills on the surfboard.
caps your tax at 15%.                                                                                                                                                        register. Your accountant or financial
                                                                                         The annual Holmans Tax Planning & Wealth Creation                                   planner will then get in touch with you
                                                                                                                                                                                                                          They are proactive...and we love the Golf Day!                                    Vossy rides for charity                                                                  Christmas office closure
If you are moving into this phase, it is                                                 Day is set for Tuesday February 14, 2006. This year our                             to talk about your situation.                What do you love most about running a business in Noosa?                                                Holmans were proud to support Brisbane Lions AFL captain           The Holmans office will be closed for
vital to reassess your plans as there                                                    keynote speaker is Bob Ansett, an undeniable expert on
                                                                                         customer service. Bob has a simple philosophy – combine                                                                                                                                                                                  Michael Voss recently as he supported Teen Challenge,              Christmas/New Year holidays from
are big tax savings to be had. Ask us                                                                                                                                        We will of course be doing our normal        Our customers are happy and friendly, with a large majority of them being
                                                                                         optimism with knowledge and experience and you have the                                                                                                                                                                                  a world-wide charity organisation that fights alcohol and           12 noon on Friday 23rd December
how – call Holman McGregor Financial                                                                                                                                         tax planning activities, but for those who   tourists enjoying a fabulous Noosa holiday. Also, being located in the heart
                                                                                         ingredients for success - both personally and in business.                                                                       of Hastings Street, we get to enjoy the passing parade of tourists – great to                           drug addiction in teenagers.                                       2005, re-opening for business on
Services on 5474 1455.                                                                                                                                                       want to get a head start and potentially
                                                                                         He will share his knowledge with us on customer service                             have access to more opportunities,           watch, especially at Triathlon time!                                                                    Holmans sponsored ‘Team Voss’ as he and Lions                      Monday 9th January 2006 at 8.30am.
                                                                                         and how to get it right.                                                            please ring now – 5474 1455.                                                                                                                         teammates Jason Akermanis and Chris Scott joined the               Happy Holidays!
                                                                                                                                                                                                                          What 3 things do you believe you have to get right in business?
                                                               Also on the program is Noel Lord with ‘Super smart investing’, Tony Rossiter                                                                                                                                                                                       Bicycling Australia Challenge, a charity bike ride from Coffs
                                                               with ‘The top 12 tax tips for 2005’, Rob McGregor on ‘The big picture of                                      Entrepreneurs’ tax offset                    1. Cash flow – having the funds to run the business, especially maintaining                              Harbour to Mooloolaba.                                             Streamlined phone system
                                                                                                                                                                                                                             our variety of high quality pieces.
                                                               investing’ and Adam Rogers on ‘Business succession planning’.                                                 The Entrepreneurs’ Tax Offset is an                                                                                            They were among a maximum field of 50 which pedaled 750km in six days,                    Next time you phone our office you
                                                                                                                                                                             offset of up to 25% of the income            2. Staff – positive, welcoming and customer focused staff are vital to our        doing the last leg from Brisbane, out through Redcliffe, up through Beerburrum           will notice our new streamlined
                                                               In terms of popular events this one is a close rival to Holmans’ annual charity                                                                               business success.
                                                                                                                                                                             tax liability attributable to the STS                                                                                          and the Glasshouse Mountains, via Caloundra and on to the finish line.                    telephone system. With a focus on
                                                               golf day. Don’t miss out on a great Valentine’s Day gift idea to get your partner on
                                                                                                                                                                             business income of STS taxpayers             3. Location – the right location ensures a good traffic flow of customers into                                                                                               customer service, the new phone
                                                               track for wealth creation. Call 5474 1455 for more information and bookings.                                                                                                                                                                 The ride raised more than $100,000 for Teen Challenge.
                                                                                                                                                                             whose annual group turnover is less             our shop.                                                                                                                                                               system will allow the caller to select
                                                                                                                                                                             than $75,000.                                                                                                                                                                                                           the department they wish to speak
                                                                                                                                                                                                                                                                        Sharon Staal,                                                                                                                to by simply pushing a number on
                                                                                                                                                                             It applies to assessments for the                                                          Holman McGregor’s                                                                                                            their phone e.g. “dial 1 to speak to
                                                                                                                                                                                                                                                                                                                                                         of key performance indicators in your
                                                                                                                                                                             first income year starting on or after                                                      Client Service
                                                                                                                                                                                                                                                                        Manager, recently                   How does your business                       industry. This will show how your
                                                                                                                                                                                                                                                                                                                                                                                                     someone in accounting and taxation”
                                                                                                                                                                             1 July 2005. For most taxpayers, it                                                                                                                                                                                     instead of having to go through the
                                                                                                                                                                             will first apply to their assessment
                                                                                                                                                                                                                                                                        organised an
                                                                                                                                                                                                                                                                        abseiling morning                   compare?                                     business measures up against others
                                                                                                                                                                                                                                                                                                                                                                                                     central switchboard and receptionist.
                                                                                                                                                                             for the 2005/6 income year. For more                                                       for Holmans staff.                                                               in key areas such as gross profit
                                                                                                                                                                                                                                                                        Sharon is pictured                                                                                                           Our aim is to get you in touch with
                                                                                                                                                                             information contact your Holmans                                                                                               Have you ever wondered how your              margins, turnover per square metre
                                                                                                                                                                                                                                                                        here launching off                                                                                                           the person you want to speak to,
                                                                                                                                                                             accountant.                                                                                Mount Tinbeerwah.                   business’ figures compare with others         for retailers, how your expenses relate
                                                                                                                                                                                                                                                                                                                                                                                                     quickly and easily.
                                                                                                                                                                                                                                                                                                            in your industry? Your Holmans               to your turnover and a whole host of
                                                                                                                                                                                                                                                                                                            accountant can provide you with an           industry specific figures. For more
Disclaimer: While all care is taken in the preparation of this material, no warranty is given in respect to the information provided and accordingly no responsibility for                                                                                                                                  industry benchmark report that shows         information contact your Holmans
errors or omissions, including responsibility to any person by reason of negligence, is accepted by the companies or any member or employees of the companies.                                                                                                                                              the averages (benchmarks) for a range        accountant on 5474 1455.

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