by Quinns_News | Mar 20, 2013 | Accounting News
Bankruptcy is a formal court procedure which occurs when an individual does not have enough money/assets to pay creditors or debt that is owed. Bankruptcy involves a formal process and you must be deemed eligible for it. If you are declared bankrupt, a majority of...
by Quinns_News | Mar 20, 2013 | Financial Planning News
ASIC records on their register whether shareholders hold shares “beneficially” or “not beneficially”. Put simply, beneficially held usually means that the owner of the shares is entitled to the direct benefit from the shares. For example, benefits could include the...
by Quinns_News | Mar 13, 2013 | Consumer News
We have seen a significant shift in a greater number of the population moving away from ‘traditional’ lifestyle choices. Increasing amounts of young couples are now choosing to live with their partners before getting married and begin a family. That is not to say that...
by Quinns_News | Mar 13, 2013 | Small Business News
Franchising as a concept is not a business itself, but a methodology of doing business. Franchising allows for the rapid expansion of a business system by the licensing of intellectual property using tried and proven methods of doing business. Franchising can be...
by Quinns_News | Mar 5, 2013 | Accounting News
Contacting the ATO Realising you have made an error in relation to your tax obligations can have unwelcome consequences if the miscalculation is not rectified. A voluntary disclosure is a free choice made by an individual or organisation to disclose to the ATO their...
by Quinns_News | Mar 5, 2013 | Tax Advice and Updates
The ATO has a responsibility to ensure businesses and individuals adhere to their tax obligations. If you’re a small business owner, the prospect of an audit can be intimidating. Don’t panic, the key to surviving your business audit is to be prepared. When the ATO...
by Quinns_News | Mar 5, 2013 | Small Business News
Starting and running your own business involves a lot of blood, sweat and tears. Developing strategies and plans to grow your business are essential to its success and need to be re-evaluated as the business continues to grow or change. Whilst you may be years off...
by Quinns_News | Mar 5, 2013 | Accounting News
Your Possibilities Facing financial difficulties when it comes to your business can be a very traumatic time, especially if you are the one carrying the burden. If the company’s creditors are putting you under pressure, and you are constantly worrying about your...
by Quinns_News | Mar 5, 2013 | Accounting News
Tax offsets (often referred to as rebates) directly reduce the amount of tax you must pay. They differ from tax deductions, in that deductions reduce your total assessable income dollar-for- dollar and your tax payable at most by your marginal rate. Each dollar of tax...
by Quinns_News | Mar 5, 2013 | Accounting News
Organising you Records Keeping accurate records is vital for every business. Not only does it give you a good indication of the financial performance of your business, but it is also a legal requirement to do so. Records need to be kept for five years after they are...
