by Quinns_News | Nov 2, 2009 | Accounting News
When a company is no longer able to pay its debts using the company resources that are available it is determined to be insolvent. In the current economic environment, as a result of business forces, many business owners are finding that they are unable to meet their...
by Quinns_News | Oct 26, 2009 | Small Business News
As the old adage states, “Fail to plan and you will plan to fail”. Whilst this may seem a little worn out it is still very relevant and true, particularly when it comes to business. For most business owners their business is a result of many years of hard work and...
by Quinns_News | Oct 19, 2009 | Small Business News
In a recent analysis of Australian Bureau of Statistics data it has been revealed that there has been surprisingly strong growth in the number of small businesses in Australia. Interestingly, the data also highlights that along with an extremely high failure rate, the...
by Quinns_News | Oct 12, 2009 | Consumer News
In an attempt to attract greater foreign investment to Australia the Federal Government has recently doubled the current foreign investment thresholds. Current legislation dictates that foreign investors looking to purchase a share of 15% or more interest in an asset...
by Quinns_News | Oct 7, 2009 | Accounting News
Legislation for the Tax Agent Services Act 2009 has been drafted and is intended to be enacted early in 2010. The new regulations will see that bookkeepers who are currently preparing and lodging Business Activity Statements (BAS) for a fee are now required to meet...
by Quinns_News | Sep 28, 2009 | Financial Planning News
If you have accumulated a significant superannuation balance, wish to maximise your returns and have greater control over your investments; a self managed super fund (SMSF) may be the answer. A SMSF is a vehicle that is used to manage the superannuation portfolio of...
by Quinns_News | Sep 21, 2009 | Consumer News
There is currently a range of illegal schemes and plans that exist that are offering unsuspecting taxpayers access to their superannuation savings before retirement. The promoters of these plans will tell you that they are able to access your super savings for reasons...
by Quinns_News | Sep 14, 2009 | Consumer News
Attorney-General, Robert McClelland has recently released details of proposed changes to existing personal bankruptcy legislation. The changes are now available for public consultation and are intended to modernise the current legislation to better reflect what is...
by Quinns_News | Sep 7, 2009 | Consumer News
The Commonwealth Government moved to introduce a new national consumer protection law in June this year (2009) when it passed Trade Practices Amendment (Australian Consumer Law) Bill 2009. This new law is modelled on a successful trial that has been operating in...
by Quinns_News | Aug 31, 2009 | Financial Planning News
Unlike income from cash or bonds, which is fully taxable at your marginal tax rate, Australian shares receive attractive tax concessions through the dividend imputation system. Australia’s dividend imputation system can reduce and in some cases eliminate tax...
