by Quinns_News | May 30, 2012 | Accounting News
As anticipated, there were no initiatives directly impacting the franchise sector following the announcement of The Budget on 8 May 2012. Generally for small businesses the biggest news is that the Government will introduce a loss “carry back” initiative...
by Quinns_News | May 23, 2012 | Accounting News
What is a Bad Credit Rating? In Australia, a negative credit reporting system is used to record your credit related defaulting behaviors. This means a historical snapshot of your ability and commitment to repay your debts in a timely manner is kept on file. Financiers...
by Quinns_News | May 23, 2012 | Accounting News
(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009. Due to amendments to the tax...
by Quinns_News | May 16, 2012 | Accounting News
Superannuation borrowing is arguably the fastest growing area of superannuation investment. There is an increasing demand for superannuants to take more control of their superannuation. During the Global Financial Crisis (GFC) many superannuants were cashing in their...
by Quinns_News | May 16, 2012 | Accounting News
(Part 1 securities acquired pre-2009 Financial Year) An employee share scheme (ESS) provides employees or their associates with the opportunity to acquire “securities” (in the form of shares or rights) in their employer’s company by virtue of their employment...
by Quinns_News | May 9, 2012 | Accounting News
This is a short summary of The Budget for the 2012-13 financial year. Benefits to Businesses Helping business to invest • Allowing companies to carry back tax losses so they get a refund against tax paid in the previous year, providing a tax benefit of up to $300,000...
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...
