by Quinns_News | Aug 8, 2012 | Accounting News
What is a receivership? A company most commonly goes into receivership when a receiver is appointed by a secured creditor who holds security over some or all of the company’s assets. What is the receiver’s role? The receiver’s role is to: • collect and sell enough of...
by Quinns_News | Aug 8, 2012 | Accounting News
ATO rule changes have seen a rush of SMSFs getting into property mainly due to changes introduced in 2007 that in effect allow funds to borrow to buy an asset. By investing in property, and with the right strategies and advice, you can successfully set yourself up...
by Quinns_News | Aug 1, 2012 | Accounting News
The ATO has recently presented a draft determination (TD 2012/D4) clarifying instances where capital gains tax may arise following a trustee’s valid exercise of their powers under a trust deed to amend the terms of a settled trust. At present, ambiguity arises when an...
by Quinns_News | Aug 1, 2012 | Accounting News
What is Payroll Tax? Payroll tax is imposed by the Office of State Revenue (OSR) on an employer’s liable NSW wages minus any threshold entitlement. As the majority of entities employ staff, payroll is usually one of their largest expenses. It can be of either a...
by Quinns_News | Jul 25, 2012 | Consumer News
Unfair dismissal laws only cover employees who are covered by the national workplace relations systems. Other employees may have access to remedies under State legislation. An employee has been unfairly dismissed if Fair Work Australia (FWA) finds that: • they were...
