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...
by Quinns_News | Oct 9, 2012 | Accounting News
The Australian Competition and Consumer Commission (ACCC) recently launched a one day sweep of websites with unclear or misleading Terms and Conditions on the internet. The sweep aimed to focus on the right consumers have online in relation to repair, replace and...
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...
