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BUSINESS AWARDS 2011
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Presidents Viewpoint May 2010

At 5:15pm today our BA5 is the launch for the 2010 Massey University Wanganui Business Awards hosted by GDM Group who were the 2009 Supreme Winner.    Before I mention anything else I want to acknowledge the sponsors onboard for 2010; Action Coach Business Coaching, ComputerCare, ACC, CentrePort Wellington, Q-West Boat Builders, Whanganui Community Foundation, UCOL, MSD, Wanganui Inc, Training For You, Pernot Rickard, DB Breweries, Anndion Lodge, Kiwiwebs, Trafalgar Square, National Bank, Watkins Motors, media sponsors Wanganui Chronicle and Radio Network, plus of course Massey University – you all make these awards possible and I thank you sincerely!  We are still looking for one category sponsor, so if you can help with this please let us know.  Profiling the sponsors is a priority this year and the opportunity to enter provides valuable tools for growth and development.   Entry is open to ALL businesses, big or small and there is no cost to enter, in fact you will receive up to $2000 worth of professional consultation.  There will be step by step advice on the Chamber website and assistance is available to help you along the way. Entries are available by just calling the Chamber office, so what are you waiting for... start your entry now, or nominate a business or manager you feel deserves recognition in these prestigious awards.

On the 14th I attended the auction run by Bayley’s Real Estate where sections, commercial and residential properties went to the hammer.   The auction attracted large interest from developers, investors and home owners, with people purchasing desirable properties at competitive prices.   It was a lesson in reality where the market dictated the price with some selling well below GV.   I’m not sure how this will impact on the local real estate sector but it proved if you are serious about selling property, auction is still an effective sales platform.

As I write this the 2010 Budget has just been released.  Business will welcome the tax reforms with company tax reduced to 28cents in the dollar.  It is a positive move toward a more competitive, higher-earning economy.  Company tax provisions are pointing in the right direction and the consistency of 28 percent for company and PIE taxes will make the system fairer and encourage investment, exports, growth and savings.  GST increases to 15% October 1st and this will mean some work for businesses with high volume automatic payment processes and updating accountancy software, early management of these will ensure a smoother transition come October.   Reforms in property tax means investors can no longer double dip claiming depreciation while their property investment is increasing in value.   Overall the budget will benefit the average income earner and is fiscally responsible, maintaining NZ’s AA plus credit rating.

Quote:  Perseverance is not a long race; it is many short races one after another. Walter Elliott

Enjoy a great month!

Bronwyn Paul

 
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NATIONAL SPONSORS

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NATIONAL LINKS

Kiwisaver
www.kiwisaver.govt.nz

New Zealand Retailers Association:
www.retail.org.nz

New Zealand Trade & Enterprise:
www.biz.org.nz

Statistics New Zealand:
www.stats.govt.nz

Heritage House, Level 1, 136 St Hill St
P.O Box 88, Wanganui 4540
Phone: 06 3450080 - Fax: 3451182
Email:
info@wanganuichamber.co.nz