by Quinns_News | Apr 3, 2013 | Accounting News
New Changes Under draft regulations released recently by the Federal Government, superannuation funds will be exempt from tax on pension stream assets for deceased estates. These amendments give superannuation funds the right to tax exemption on investment earnings...
by Quinns_News | Apr 3, 2013 | Accounting News
A fringe benefit is a payment to an employee but in a different form to salary or wages. A fringe benefit is provided during the time of the employee’s employment. The Fringe Benefits Tax (FBT) is different from income tax and it is based on the taxable value of...
by Quinns_News | Mar 27, 2013 | Accounting News
Land tax is a tax imposed on the owners of land in NSW as at midnight on 31 December of each year by the Office of State Revenue (OSR). Generally, your principal place of residence (PPOR or your home) or land used for primary production (a farm) is exempt from land...
by Quinns_News | Mar 27, 2013 | Accounting News
Your Eligibility The introduction of the new Research and Development Tax Incentive in 2011 provided the impetus for small to medium sized companies to revisit the issue of documenting their product development activities and getting some assistance from the...
by Quinns_News | Mar 20, 2013 | Accounting News
Bankruptcy is a formal court procedure which occurs when an individual does not have enough money/assets to pay creditors or debt that is owed. Bankruptcy involves a formal process and you must be deemed eligible for it. If you are declared bankrupt, a majority of...
by Quinns_News | Mar 20, 2013 | Financial Planning News
ASIC records on their register whether shareholders hold shares “beneficially” or “not beneficially”. Put simply, beneficially held usually means that the owner of the shares is entitled to the direct benefit from the shares. For example, benefits could include the...
by Quinns_News | Mar 13, 2013 | Consumer News
We have seen a significant shift in a greater number of the population moving away from ‘traditional’ lifestyle choices. Increasing amounts of young couples are now choosing to live with their partners before getting married and begin a family. That is not to say that...
by Quinns_News | Mar 13, 2013 | Small Business News
Franchising as a concept is not a business itself, but a methodology of doing business. Franchising allows for the rapid expansion of a business system by the licensing of intellectual property using tried and proven methods of doing business. Franchising can be...
by Quinns_News | Mar 5, 2013 | Legal News
Deciding to contest a Will can be a difficult decision to make. When a loved one passes away, it is a very emotional and difficult time for everyone involved. It can be even more upsetting if someone feels as though they have been unfairly left out of the Will. The...
by Quinns_News | Mar 5, 2013 | Accounting News
Contacting the ATO Realising you have made an error in relation to your tax obligations can have unwelcome consequences if the miscalculation is not rectified. A voluntary disclosure is a free choice made by an individual or organisation to disclose to the ATO their...
