by Quinns_News | Oct 31, 2012 | Tax Advice and Updates
The Taxation Administration Act 1953 (TAA 1953) has been amended recently to provide the ATO with discretion to retain certain refunds to undertake integrity checks on claims. The amendment is outlined in section 8AAZLGA, which received royal assent on Wednesday 27...
by Quinns_News | Oct 24, 2012 | Accounting News
A family trust can be an important, if not critical, determinant of your livelihood especially if it is your main source of income. It therefore follows that you should be aware of not just your rights under a family trust, but you also need to know how your trust...
by Quinns_News | Oct 24, 2012 | Accounting News
Outlined in the Payroll Tax Act 2007 (NSW), payroll tax is a state tax regulated and collected by the NSW Office of State Revenue (OSR) and not the Australian Taxation Office (ATO). It is vital for employers to understand the payroll tax system and what wages are...
by Quinns_News | Oct 18, 2012 | Accounting News
The new financial year brings with it significant changes to the tax system. With new changes and reforms introduced such as the recent changes regarding students on government benefits, removal of the Education Tax refund (replaced with the Schoolkids bonus)...
by Quinns_News | Oct 18, 2012 | Accounting News
Small business benchmarks are a guide to help businesses compare their performance against similar businesses in an industry. The benchmarks are calculated from information reported on the income tax returns and activity statements of businesses that operate in...
