by Quinns_News | Mar 5, 2014 | Accounting News
If a taxpayer has an overdue obligation, the law allows the ATO to make an assessment of their taxable income. The assessment is known as a default assessment because it is made as a consequence of the taxpayer defaulting on their lodgement obligation. More often than...
by Quinns_News | Feb 19, 2014 | Accounting News
Let’s face it, budgeting isn’t the most exciting task, but it is necessary to increase cash flow. By taking charge of your money, whether you have a little or a lot, you will ease money stress and be more in control. Below are some helpful budgeting tips to help...
by Quinns_News | Feb 19, 2014 | Accounting News
Are you thinking about franchising your business? If you are one of the first things you will need to do is prepare a franchise agreement. The Franchise agreement is the beginning of a relationship, and the franchise agreement need to account for this relationship and...
by Quinns_News | Feb 5, 2014 | Accounting News
Goods and services tax (GST) is a tax added to the supply of most goods and services sold or consumed in Australia. Once a business has registered for GST, they will usually include the 10% GST tax in the price of the goods and services, and then pass this amount on...
by Quinns_News | Jan 29, 2014 | Accounting News
As you may be aware, a transitional period allowed by the Personal Property Securities Act 2009 (PPS Act) ends 31 January 2014. This transitional period applies to security interests that are within the scope of the PPS Act but which were established under agreements...
by Quinns_News | Jan 29, 2014 | Accounting News
Division 293 tax is being introduced from the 2012-2013 year to reduce the tax concession on superannuation contributions for individuals with income greater than $300,000 a year. Division 293 tax will be charged at 15% of an individual’s taxable concessional...
