by Quinns_News | May 9, 2012 | Accounting News
This is a short summary of The Budget for the 2012-13 financial year. Benefits to Individuals • $1.8 billion to increase Family Tax Benefit Part A for all eligible families, commencing 1 July 2013 • $1.1 billion for a new Supplementary Allowance for the unemployed,...
by Quinns_News | May 2, 2012 | Consumer News
Disputes often arise when parties that are associated with the deceased person disagree with the intentions as contained in the Will. In NSW, you have to meet certain criteria in order to be eligible to contest a Will. If the Will excludes or does not make adequate...
by Quinns_News | May 2, 2012 | Legal News
The Personal Property Securities Act 2009 (PPSA) is a national register that consolidates State based and National personal property registers into one. The Personal Property Securities Register (PPSR) is the register where details of security interests in personal...
by Quinns_News | Apr 26, 2012 | Accounting News
Capital Gains Tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. For CGT...
by Quinns_News | Apr 26, 2012 | Accounting News
The ATO (and other government authorities such as the OSR) have never been more active or able to conduct enquiries, reviews or investigations of your returns. Audit Insurance is designed to protect businesses from the costs associated with an audit of their tax...
by Quinns_News | Apr 18, 2012 | Consumer News
A Will is a legal document that clarifies how you wish your assets (your estate) to be distributed after your death. The Will may also cover who your executor will be, payment of debts, withdrawals from accounts, any special requests, and who will take on guardianship...
by Quinns_News | Apr 18, 2012 | Accounting News
The Australian Taxation Office (ATO) is responsible to the government and the community for collecting the revenue and ensuring that everyone pays the correct amount of tax. A tax enquiry or audit is an examination of your tax affairs by the ATO to see if you have...
by Quinns_News | Apr 11, 2012 | Accounting News
Workers compensation provides protection to workers and their employers in the event of a work related injury or disease. Through the workers compensation system, injured workers may have an entitlement to weekly payments, lump sums for permanent impairment, payment...
by Quinns_News | Apr 11, 2012 | Legal News
A genuine redundancy payment is a lump sum payment received by an employee who is dismissed from employment because the employee’s position is genuinely redundant. A payment cannot be both a genuine redundancy payment and an early retirement scheme payment due to the...
by Quinns_News | Apr 4, 2012 | Consumer News
The Home Building Act 1989 requires builders and trades people to be licensed for the work that they do, and to have proper contracts and insurance in place for most jobs. In February 2012 changes were made to the Home Building Act. These changes: • The statutory...
