by Quinns_News | Apr 17, 2013 | Consumer News
You’ve decided you want to start your own business. One of the key decisions you now need to make is which structure will work best to run your business. With numerous options available, it may seem quite overwhelming. Before establishing your business, it is vital...
by Quinns_News | Apr 10, 2013 | Accounting News
PAYG instalments is a system for paying amounts towards your expected end of year income tax liability. The Australia Tax Office (ATO) calculates your actual income tax liability when they assess your annual income tax return. To make sure your income tax assessment...
by Quinns_News | Apr 10, 2013 | Financial Planning News
A company does not need to be insolvent in order to be wound up; they can apply for voluntary liquidation instead. The winding up can be initiated through either the members or the creditors under s491 of the Corporations Act 2001 (the Corporations Act), that is...
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...
