[lbo-talk] Fwd: Carbon Tax Starts 1 July 2012

Nicholas Roberts nicholas at themediasociety.org
Sun Jul 1 20:17:17 PDT 2012



>From my accountant in Australia.

All the trash talk about climate change vs jesus is just fud to talk up the concessions to industry and keep down the price

In the end climate change carbon taxes will become another subsidy

Meanwhile the ice melts ---------- Forwarded message ---------- From: "Craig Saywell" <office at saywells.com.au> Date: Jul 1, 2012 7:41 PM Subject: Carbon Tax Starts 1 July 2012 To: <nicholas at themediasociety.org>

Hi All,

The much talked about, much debated Carbon Tax has started. Below we list some facts, some tips for positive adjustment and a link to informatyion on financial grants from the Federal government when you decide to invest in “cleaner/more efficient” technology.******

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As always, any queries please let us know. Kind Regards, Craig Saywell****

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*Key impacts for business owners*

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To help clear away some of the confusion, here are some need-to-know facts for your business:****

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· Most businesses will not be required to directly pay a carbon price – it only applies to around 500 of Australia’s largest polluters. (These businesses are already known and registered with the government)****

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· As such, most business operators are not required to undertake any compliance activity such as counting or monitoring their carbon pollution or electricity use.****

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· They will not have additional paperwork or forms to complete as a result of the carbon tax. ****

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· The Government has committed $240 million over the next three years towards helping small businesses improve their energy efficiency, lower their costs and obtain advice on growing their business sustainably.** **

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· Although most businesses won’t directly pay a carbon price, it will have a flow on effect to a number of goods and services they need, such as fuel, electricity, business travel, freight and waste removal.****

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*What can you do now?*

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Every business in Australia will be impacted by the introduction of the carbon tax, whether directly or indirectly. However, it could very well be a positive experience for business owners who plan, health check their business fundamentals and prepare well for the opportunities.****

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*7 steps for adjusting your business*

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01.****

Review your current expenses and those incurred over the past year to identify energy intensive costs that will be affected by the inevitable energy price rises. Direct costs may be fuel, electricity and gas, and indirect costs may be business travel, freight and waste removal. Work with your accountant to ensure you have all your bases covered.****

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02.****

Gain a deeper understanding of where additional costs may be incurred by asking your suppliers about what they see as the effect on their business and when they will be able to tell you what their price impacts will be.****

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03.****

Highlight potential cost savings by exploring ways to reduce your consumption of good and services expected to be directly and indirectly affected by the carbon tax introduction. ****

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04.****

Consider locking in contracts with key suppliers now, at pre carbon tax rates. ****

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05.****

Conduct an energy audit to measure your business’s carbon footprint and identify ways in which you can reduce its direct energy consumption and costs (10 quick tips are provided on page 9 of this MYOB prepared toolkit for SMEs - Download your toolkit<http://www.yourfirmonline.com.au/emailmanager/link.php?M=35829&N=320&L=173&F=H> .)****

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06.****

Review your key business processes and identify areas where you could be operating more efficiently by, for example, changing processes, upgrading equipment, re-training staff.****

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07.****

Analyse your current pricing and how the additional costs may impact your profit margins. This is a very important step as it will give you the confidence you need to justify any price increases not****

only to your customers, but also to the Australian Competition and Consumer Commission (ACCC) if asked. The ACCC has produced the Carbon Price Claims - Guide for Business (accc.gov.au) to help****

businesses understand their rights and obligations, ensuring price increases are not misrepresented as being the result of the carbon tax. ****

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*What assistance is government providing for industry?*

Basically it is financial assistance when you wish to invest in more efficient and cleaner technologies. Here is the link with more details - http://www.cleanenergyfuture.gov.au/helping-business/assistance-for-industry-2/<http://www.yourfirmonline.com.au/emailmanager/link.php?M=35829&N=320&L=172&F=H> ****

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Saywells Chartered Accountants****

PO Box 263 / 12 Vincent Street****

CESSNOCK NSW 2325****

Ph: (02) 4990 9766 - Fax: (02) 4990 9767 - Email: office at saywells.com.au *** *

QP please think of the environment before printing this email ****

Liability limited by a scheme approved under Professional Standards Legislation****

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