by Quinns_News | Aug 24, 2011 | Accounting News
Since the Global Financial crisis, many people are becoming more and more concerned with the performance of their superannuation fund. As a direct result of this concern many people are considering taking more control over the trusteeship and the management of their...
by Quinns_News | Aug 17, 2011 | Accounting News
When a body corporate takes legal action to recover unpaid contributions, it is quite common for them to end up out-of-pocket in respect to their legal expenses. These legal expenses along with the non-payment of body corporate levies not only place a financial burden...
by Quinns_News | Aug 17, 2011 | Accounting News
The Education Tax Refund (ETR) aims to help with the cost of educating primary and secondary school children. Eligible parents, carers, legal guardians and independent students are able to get money back on education expenses. The Government has recently changed the...
by Quinns_News | Aug 10, 2011 | Accounting News
The Government has released the draft legislation on how the new director penalty regime will operate. In some cases directors may be personally liable for company Superannuation and PAYG (Withholding) debts which are in existence before the amendments come into...
by Quinns_News | Aug 10, 2011 | Accounting News
The decline in value of a depreciating asset is worked out on the basis of its effective life. Generally, the effective life of a depreciating asset is how long it can be used for a taxable purpose, or the purpose of producing exempt income or non-assessable...
by Quinns_News | Aug 3, 2011 | Accounting News
Has a family member or friend asked you to be a ‘co-borrower’ or guarantee a loan for them? Before you say yes, think carefully – you could lose not only your money, but valuable assets such as your house or car. What is a guarantor or co-borrower? If a credit...
by Quinns_News | Aug 3, 2011 | Accounting News
The Jobs Action Plan targets the creation of 100,000 new jobs in NSW from July 2011 and gives businesses the incentive to employ new workers and expand their enterprises. The plan provides a payroll tax rebate of up to $4000 per employee for the first 100,000 new...
by Quinns_News | Jul 27, 2011 | Tax Advice and Updates
The Business Activity Statement (BAS) is a pre-printed document issued by the ATO on either a monthly or quarterly basis. Businesses use a BAS to report and pay a number of tax obligations, including GST, PAYG instalments and withholding, fringe benefits tax and ABN...
by Quinns_News | Jul 27, 2011 | Accounting News
SCAMwatch is warning Australians to be alert to scam calls offering to pay carbon tax compensation into your bank account or asking survey questions about the carbon tax. It is important to be aware of these scammers and not to give any of your personal information...
by Quinns_News | Jul 20, 2011 | Accounting News
If you have made an error relating to your tax obligations, it can be dealt with by making a voluntary disclosure. Voluntary disclosures are free choices made on the part of an individual or organisation to provide information to the ATO on any information that...
