by Quinns_News | Nov 20, 2013 | Small Business News
Need to Know Many business owners often ask if they are able to sell their business to a migrant. To answer simply, yes, you can. However, ownership of an Australian business will not automatically entitle the potential business purchaser to a visa. There is more to...
by Quinns_News | Nov 13, 2013 | Tax Advice and Updates
How does this Affect You? The ATO has advised that their small business benchmarks have been updated with data from the 2010/2011 financial year. Their benchmarks are updated annually using the latest available income tax data. Small business benchmarks are financial...
by Quinns_News | Nov 13, 2013 | Financial Planning News
At a recent presentation by the Assistant Commissioner, Superannuation in Melbourne he made the following comments; “During the past four years the number of SMSFs has grown rapidly. As at the end of June 2013, there were just over an estimated 509,000 funds, an...
by Quinns_News | Nov 6, 2013 | Consumer News
When a relationship falters, people can often be caught off guard and unable to think rationally due to the associated emotional pressures and burdens at the time of the fallout. It is therefore best to be prepared for the worst case scenario so that you do not...
by Quinns_News | Nov 6, 2013 | Small Business News
Having internal controls in your business are a necessary adjunct to a code of ethics, but systems that are poorly designed or go unmonitored allow fraud to go unnoticed. As a business owner, there are certain things you can do to reduce the risk of internal...
by Quinns_News | Oct 30, 2013 | Employment and Human Resources News, Legal News
A Work Health and Safety (WHS) Management Plan is a legal requirement of the WHS Regulations 2011 for construction projects over $250,000. Under the regulations, your site specific plan must include: • Names, roles and WHS responsibilities of everyone at the...
by Quinns_News | Oct 30, 2013 | Tax Advice and Updates
On 9 October 2013, the ATO sent letters to all company directors that have unpaid superannuation guarantees amounts. The correspondence explains the obligations of directors and their personal risk when it comes to superannuation guarantee debts. Most directors...
by Quinns_News | Oct 23, 2013 | Financial Planning News
Hire Purchase Agreement Under a Hire Purchase Agreement, the Borrower agrees to pay money to the Lender. In return, the Borrower is allowed to hire goods for a specified period of time; Note that, at the end of the hiring period, the Borrower usually has the right to...
by Quinns_News | Oct 23, 2013 | Tax Advice and Updates
Now that the Abbott government is settling in, it is worthwhile to take a look at their promises and the commitments that they made in the run-up to the election. Here is a list of some of the important commitments: • Self education expenses: There will be no $2,000...
by Quinns_News | Oct 16, 2013 | Accounting News
A tax scheme is an arrangement where the intention is to avoid or defer tax obligations. There are many different types of tax schemes, and many of these arrangements use a number of complex transactions, moving funds through several entities such as trusts. The aim...
