by Quinns_News | Oct 16, 2013 | Accounting News
Depreciation has been made simpler for small business in the 2012/2013 income year. There are three main changes which may impact the timing of asset purchases. Understanding the Concept of Depreciation Firstly, there is an increase to the instant asset write-off...
by Quinns_News | Oct 9, 2013 | Consumer News
The new financial year brings with it significant changes to the tax system. With such a multitude of perplexing figures and overwhelming paper work, it is understandable how tax time can become very confusing and stressful for tax payers. Generally speaking, anyone...
by Quinns_News | Oct 9, 2013 | Legal News
The Australian Securities & Investments Commission (ASIC) recently announced a targeting of company directors with a history of failed companies as part of a surveillance program to combat illegal phoenix activity. Phoenix activity is the fraudulent act of...
by Quinns_News | Oct 2, 2013 | Consumer News
Best Strategy for You Many business owners struggle with whether to hold their business assets as an individual or as a company. However, for many reasons, holding assets in a Self Managed Superannuation Fund (SMSF) can be a better strategy. This strategy suits...
by Quinns_News | Oct 2, 2013 | Financial Planning News
As a small business owner, setting goals provides your business with a structured framework. Without clearly constructed business goals, a business is likely to have little direction and quite possibly fail. Goal setting helps the company gauge the efforts that need...
by Quinns_News | Sep 25, 2013 | Accounting News
The ATO’s compliance in focus program for 2013-2014 is a document that sets out what the ATO is doing to manage the risks and maintain the integrity of Australia’s taxation and superannuation system for the next 12 months. The Compliance in focus in not an exhaustive...
by Quinns_News | Sep 18, 2013 | Consumer News
Using your money to try to make more money or gain assets is called investing. Profits or returns you make on your investments usually become part of your income for tax purposes. Many expenses relating to your investment are tax deductible – for example,...
by Quinns_News | Sep 18, 2013 | Financial Planning News
When the decision is made to put a business on the market, many small and medium enterprise owners often make the decision to sell fairly quickly. There are numerous reasons for this which includes the death of the main business operator, a divorce or the inability to...
by Quinns_News | Sep 11, 2013 | Accounting News
The Australian dollar has come under pressure since April this year. First, the Aussie dollar pushed through parity now the Australian dollar is currently trading at .91 US dollars at the time of posting. Falling commodity prices, a higher than expected budget deficit...
by Quinns_News | Sep 4, 2013 | Newsletter Features
If you are considering setting up a trust structure to better protect your assets, it’s worthwhile thinking about what type of structure will best suit you and your assets. Each structure has it’s advantages and disadvantages and if not correctly set up, can have...
