by Quinns_News | Oct 9, 2012 | Consumer News
The First Home Owner Grant (FHOG) Scheme was introduced on 1 July 2000 and provides a $7,000 grant to first home buyers to purchase their first home. From 1 October 2012, the $7 000 First Home Owner Grant will be replaced by the $15 000 First Home Owner Grant (New...
by Quinns_News | Oct 3, 2012 | Accounting News
People move around a lot these days. So, it is very possible your main residence may become your rental property. Renting out a house that was once your main residence means you receive rent, can claim deductions and, when it is time to sell, you often won’t...
by Quinns_News | Oct 3, 2012 | Accounting News
Recent share market volatility has negatively affected many people’s superannuation savings. Taking more control of your financial future may be just what the doctor ordered. Self Managed Super Funds (SMSFs) may seem complicated initially, particularly if you are not...
by Quinns_News | Sep 25, 2012 | Accounting News
Each year the Australian Tax Office selects certain occupations that it plans to target in relation to work related expenses claims. On the ATO’s radar this year for individuals tax returns are incorrect or fraudulent refunds for over-claims and deliberate fraud;...
by Quinns_News | Sep 25, 2012 | Consumer News
In recent news, many buildings have been found to be unsafe, uncertified and unsuitable for living. In short, Defective work has occured – work that has fallen short of a standard it was supposed to meet. An occupation certificate, issued under the...
by Quinns_News | Sep 19, 2012 | Accounting News
Insolvency, under the Corporations Act, refers to a business’s inability of a company to pay off its debts, as they fall due, out of the debtor’s company resources and refers specifically to businesses and companies. Who is a director? A director is not just a person...
by Quinns_News | Sep 19, 2012 | Accounting News
Arguably your superannuation will be your second largest asset, second only to your home. So who will receive your superannuation after you pass away? Under the SIS Act regulations and rules, it is the trustee of your superannuation fund that has the discretion and...
by Quinns_News | Sep 12, 2012 | Accounting News
It is important that all business owners are aware of the reforms to the personal property securities laws introduced in early 2012. These reforms aim to create a national set of laws for the identification, protection and enforcement of security interests in personal...
by Quinns_News | Sep 12, 2012 | Accounting News
Failing to keep accurate track of your accounts receivable (that is, debts others owe to your business) can have many negative effects on the health of your business. If you have cash tied up in unpaid debts, this can severely affect your own ability to pay debts to...
by Quinns_News | Sep 4, 2012 | Newsletter Features
Goods and Services Tax (GST) was introduced on 1 July 2000 and is a tax charged on the sale of most goods and services in Australia. Essentially, businesses do not bear the economic cost of the tax. Businesses registered for GST include GST in the price of sales to...
