WMS ENTERS NSW

WMS ENTERS NSW

HIRING 61 staff, WMS Solutions is the largest financial services employer on the Gold Coast.

The company experienced mixed results in FY10, having dropped slightly in both turnover and bottom end profits.

Partner Aaron Lavell (pictured) says the reduction in profit was a ‘deliberate strategy’ that allowed the firm to retain its ...

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TREASURER REFINES TAX RULES TO PAY FOR FLOODS

TREASURER REFINES TAX RULES TO PAY FOR FLOODS

QUEENSLAND Treasurer Andrew Fraser today announced tougher tax regulations that could collect the state an extra $30 million for flood recovery in the wake of $2.5 billion in writedowns.

Fraser says streamlining the collections system from quarterly to monthly will ‘simplify rules and reduce the scope for tax avoidance’.

"Queensland w...

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CASH IS STILL KING

CASH IS STILL KING

CASH flow is essential to prosperity and SMEs will need to structure their finances correctly to properly manage spending this year. This will mean separating personal and business spending.

Spectrum Financial Planning partner Adem Becirevic (pictured), says too many small business owners confuse company and personal finances, leading to po...

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CUDECO TO RAISE $20M VIA INSTITUTIONAL INVESTOR

CUDECO TO RAISE $20M VIA INSTITUTIONAL INVESTOR

MINING company Cudeco Limited (CDU) will seek to raise up to $20 million in a placement offer with an institutional investor. The company has placed 10 million shares at $2 per share with an internatrional global investor as it moves to the next stage of its copper project Rocklands, near Cloncurry in north Queensland. Cudeco hopes that by havin...

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COPPERMOLY AT A LOSS

COPPERMOLY AT A LOSS

COPPERMOLY Limited (COY) has recorded a $2.1 million loss for FY10 but improved its cash position by $1.7 million, as the company continues exploration work on its Papua New Guinea copper-gold projects. In the company’s annual report released today, chairman Peter McNeil (pictured) highlighted the positives of the company’s joint ven...

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Top finance tips 2010

Top finance tips 2010

2010 is already shaping up as one of anticipated optimism, but what does it really mean for the Gold Coast, Australia’s sixth largest city and the arguably the SME capital of the nation? The real question is whether 2010 will really deliver the swing in the economy that so many business owners are praying for. With the big banks’ int...

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