Roberts and Cowling

Labor has passed down its second budget. The government has delivered a $57.6 billion dollar deficit and it has been touted as one of the most difficult budgets in history. Unemployment has been tipped to peak at 8.5% and the government will stretch $220 billion into debt over the next few years.

They have honored their promise of tax cuts in the next financial year.

There is certainly some reform and things that everyone should educate themselves about. There is some pain, but it seems it will be phased in and not felt immediately by most people.

Roberts & Cowling have summarised the budget and will make more updates as some of the details become clearer.

Roberts & Cowling in association with Indooroopilly Money Management wish to invite you to a very special client event.

In an effort to keep you, our clients, informed and ahead of the information curve we are holding a special event where you will get access to Australia's foremost economic forecasters, Jonathan Pain.

Jonathan was one of the few economists from around the world who talked about and warned us about the impending Global Financial Crisis. As far back as 2003-04  he talked about how the U.S. property market was about to go bust in a big way, also how this would lead the U.S. contracting into a very deep recession and finally how this would flow onto the rest of the world.

Jonathan is currently the Chief Investment Strategist for HFA Asset Management.

Some of the topics of the night will be:

• Will the stimulatory policies work and if they do, when will we see them finally have a positive effect on the economy?
• How is Australia placed to weather the global economic storm?
• What kind of world will our children inherit in the decades ahead?
• Will it be a better more balanced world?

Date- 19 May 2009

Venue- Tattersals Club, Corner of Edward and Queen Street Brisbane CBD

Time- 6.30pm for a 7.00pm start. Seminar will conclude at 9.00pm. Light supper included.

RSVP- 10 May 2009

Contact- David Cowling or Ben Roberts

Dress- Minimum of long sleeved button up shirt, trousers. No denim, shorts or sneakers. Ladies attire should be of similar standard

The ATO have commenced sending out stimulus payments to all individual taxpayers who earnt less than $100,000 in the 2008 financial year. There are a number of different stimulus payment amounts depending on the 2008 taxable income.

March 2009- Issue Six 

December 2008- Issue Five 

September 2008- Issue Four

June 2008- Issue Three 

March 2008 - Issue Two

December 2007 - Issue One