by Quinns_News | Sep 1, 2010 | Consumer News
What is an Estate Plan? Estate planning is more than just making a plan to distribute certain assets to certain people. A complete estate plan will allow you to retain control of your assets and to determine who will make decisions on your behalf should you become...
by Quinns_News | Aug 30, 2010 | Accounting News
Pay As You Go (PAYG) tax is comprised of two components, PAYG withholding and PAYG instalments. PAYG withholding is an employer’s legal obligation to withhold amounts from payments made to employees for income tax purposes, while PAYG instalments is a system for...
by Quinns_News | Aug 25, 2010 | Accounting News
The Family Tax Benefit is a payment which aims to assist families with the cost of raising dependent children. There are two parts of the Family Tax Benefit – Part A and Part B. Part A is the primary payment designed to help with the cost of raising children. It...
by Quinns_News | Aug 23, 2010 | 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 | Aug 18, 2010 | Consumer News
Probate is a legal process that takes place after someone dies and usually involves several steps. Generally the executor of an estate (the person nominated in a person’s Will who administers the terms of the Will) will apply for probate and will oversee the...
by Quinns_News | Aug 16, 2010 | Accounting News
A director of a company that has a tax debt to the ATO (often in relation to PAYG withholding amounts) may be served with a Director Penalty Notice. The aim of a Director Penalty Notice is to make directors liable for their company’s unpaid tax debt. Director Penalty...
by Quinns_News | Aug 11, 2010 | Accounting News
One downfall to renting out an investment property is that Capital Gains Tax (CGT) will be payable upon the sale of the property. CGT is the tax charged on capital gains that are procured from an asset, you are liable to pay this tax when your capital gains exceed...
by Quinns_News | Aug 9, 2010 | Accounting News
In the eyes of the tax office, companies are treated much like individuals in that they are required to pay tax on their taxable income. This is usually at a rate of 30% and is also known as the corporate tax rate. All businesses in Australia are required to lodge an...
by Quinns_News | Aug 4, 2010 | Accounting News
Selling or buying a house can be a very stressful time. There are so many different things you have to do in a short amount of time and many details that can go wrong. Property settlement is where the seller and the buyer as well as any real estate agents or...
by Quinns_News | Aug 2, 2010 | Accounting News
The new government Standard Business Reporting (SBR) initiative brings with it changes that are likely to affect your business. SBR was launched on 28 June 2010 and is aimed at reducing the reporting burden for Australian companies. This major whole-of-government...
