by Quinns_News | Oct 25, 2010 | Accounting News
These days, many businesses employ the use of outsourcing, not only to make things run smoother but to potentially reduce costs. Outsourcing is when a business enters into a contract with another business to provide services that might otherwise be performed by...
by Quinns_News | Oct 20, 2010 | Legal News
The ATO recently launched a data matching program focusing on individuals and businesses who have sold more than $20,000 in goods and services on the online selling sites, eBay and The Trading Post in any of the last three financial years. If you are running a...
by Quinns_News | Oct 18, 2010 | Accounting News
The capital gains tax (CGT) concessions reduce the capital gain on business assets that you must include in your assessable income. You can apply for as many concessions as your business is entitled to, until the capital gain is reduced to nil. This choice allows you...
by Quinns_News | Oct 13, 2010 | Accounting News
Good planning before you retire can make your retirement years smooth sailing. It is important to consider what age would be realistic and financially feasible for you to retire as opposed to simply when you would like to retire. Retirement differs for each person and...
by Quinns_News | Oct 11, 2010 | Accounting News
Changes to tax invoices and recipient created tax invoices (RCTIs) were introduced on 1 July 2010 in order to simplify the requirements for a document to be a tax invoice. A document may be considered to be a tax invoice, or RCTI, if it is issued by the supplier (or...
by Quinns_News | Oct 6, 2010 | Accounting News
If you’ve ever applied for credit or a loan, you will usually be listed with a credit reporting agency. Credit providers use the information in your credit report to help work out whether you can afford a loan, or a larger limit on an existing loan, and whether you...
by Quinns_News | Sep 29, 2010 | Consumer News
The NSW government recently introduced a new law, which provides people with the choice to make their agreements legally enforceable, when they resolve disputes through the NSW Government’s free community mediation service. This service is becoming an increasingly...
by Quinns_News | Sep 27, 2010 | Legal News
Debt recovery is a process many businesses are forced to go through due to ongoing or irresolvable problems with debtors. Debtors are customers that owe your business money for the good or service it provides. These debtors usually have a time period to pay the debt...
by Quinns_News | Sep 22, 2010 | Accounting News
A Self Managed Super Fund (SMSF) needs to be well structured, particularly with regards to its long term future. Whilst, passing on a SMSF is not something people generally like to think about, it is important that trustees and advisors are careful when preparing...
by Quinns_News | Sep 20, 2010 | Accounting News
Goods and services tax (GST) is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. Generally, registered businesses include GST in the price of sales to their customers and claim credits for the GST included in the price of...
