by Quinns_News | Nov 24, 2015 | Accounting News
Last year, ATO data matching cross-referenced information reported in tax returns against over 600 million transactions provided to it by third parties to identify omitted income and gains, or incorrectly-claimed offsets or entitlements to exemption from surcharges....
by Quinns_News | Nov 24, 2015 | Consumer News
The Comparisons Both commercial and residential properties provide their own advantages and disadvantages. Prior to investing it is important to compare both options and identify which one is most suitable for you. Commercial properties are used by businesses for...
by Quinns_News | Nov 24, 2015 | Accounting News
The Tax Practitioners Board (TGB) has issued an information sheet [TBP(I) 09/2011] which explains when software providers are, or are not, performing tax agent or BAS services. The following are four examples that it provided where software providers are performing...
by Quinns_News | Nov 24, 2015 | Consumer News
What are Exchange Traded Funds? Exchange Traded Funds or ETFs, are an investment fund, similar to a managed fund, traded on the stock market, similar to stocks. Most ETFs track an index such as a stock index or a bond index. Whilst many investors have moved away from...
by Quinns_News | Nov 24, 2015 | Legal News
A director can be liable for company debts in the following areas: Insolvent trading Insolvent trading occurs when a company incurs a debt that it is unable and fails to pay, at a time when a director knew, or should have known, that the company was insolvent....
by Quinns_News | Nov 24, 2015 | Accounting News
With the new financial year come new changes and adjustments to the tax system and your options for lodgement including the expanded use of your myGov account. The overwhelming paperwork and figures required by the Australian Tax Office (ATO) understandably makes this...
by Quinns_News | Nov 24, 2015 | Legal News
What is a Safe Work Method Statement (SWMS)? A SWMS is a document which provides information that is required when undertaking High Risk Construction Work. High Risk Construction Work involves: work carried out in area with artificial extremes of temperature a risk of...
by Quinns_News | Nov 24, 2015 | Accounting News
The debt owed to the Australian Taxation Office (“ATO”) has ballooned to over $19.5 billion. Tax debt has increased by 10% as of June 2014, compared to the previous year’s figures. It seems that the Australian tax debt is growing at a much faster rate than the ATO’s...
by Quinns_News | Nov 24, 2015 | Accounting News
As an employer you have an obligation to make 9.5% superannuation guarantee contributions on behalf of your eligible employees. Generally, you are required to pay super if you pay an employee $450 or more (before tax) in a calendar month. Superannuation payments –...
by Quinns_News | Nov 24, 2015 | Small Business News
The case of Fair Work Ombudsman v Longridge Pty Ltd involved the prosecution of a building company in South Australia for the underpayment of wages paid to its sales staff. Paying Sales Staff Wages – Information You Need to Know: Facts Longridge Group was a...
