by Quinns_News | Aug 19, 2015 | Accounting News
What is Liquidation? Liquidation is the process of winding up a company’s financial affair in order to dismantle the company’s structure by conducting appropriate investigations and enabling a fair distribution of company’s assets to its creditors. Liquidation can...
by Quinns_News | Aug 19, 2015 | Accounting News
Joe Hockey recently revealed that there are currently 195 cases under investigation by the Foreign Investment Review Board (“FIRB”). Approximately 24 of these cases have involved a foreign investor that has voluntarily come forward to indicate that they may have...
by Quinns_News | Aug 12, 2015 | Accounting News
What is payroll tax? Payroll tax is a state and territory tax that is imposed on employers and is calculated based upon the amount of taxable wages paid. The 5.45% tax is payable when an employer’s total Australian wages exceed the tax-free threshold. Australian wages...
by Quinns_News | Aug 5, 2015 | Accounting News
Businesses in the building and construction industry have an obligation to report the total payments they make to each contractor for building and construction services each financial year. These payments need to report to ATO using the Taxable Payment Annual Report...
by Quinns_News | Jul 29, 2015 | Accounting News
With the recent announcement and discussion of the new federal budget, it is time for business owners to get ready for the 2015 tax return and begin tax planning for the future. The following are essential tasks for you undertake at the end of financial year. What to...
by Quinns_News | Jul 22, 2015 | Accounting News
Most income your business receives is assessable income – which means you need to declare it and it’s subject to tax. You can claim tax deductions for most costs you incur in running your business but there are exceptions. For example, you cannot claim...
