by Quinns_News | Jan 9, 2013 | Accounting News
Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. Landowners are generally liable for land...
by Quinns_News | Dec 20, 2012 | Accounting News
The ATO have recently spent $250 million on computer upgrades and are now generating even more notices, demands, garnishee orders, winding up notices and audit letters than ever before. They are charged with obtaining as much of the $4 billion of outstanding tax as...
by Quinns_News | Dec 12, 2012 | Accounting News
On 29 June 2012, changes were made to the tax laws to reduce the scope for companies to engage in fraudulent phoenix activity or to escape liabilities and payments of employee entitlements. These changes protect worker’s entitlements and strengthen...
by Quinns_News | Dec 5, 2012 | Accounting News
As a small business owner, tackling the day to day running of your business, it is important to remember that your next quarterly Business Activity Statement (BAS) is only around the corner. Lodging your BAS on time not only fulfils one of your obligations to the ATO,...
by Quinns_News | Dec 5, 2012 | Accounting News
A Special Disability Trust is established by parents, immediate family members and carers to plan for the future care and accommodation needs of a person with a severe disability. The benefits of a Special Disability Trust are: •that a gifting concession of up to...
by Quinns_News | Nov 21, 2012 | Accounting News
A salary sacrifice arrangement is also commonly referred to as salary packaging or total remuneration packaging. It is an arrangement between you and your employer, whereby you agree to forgo part of your future entitlement to salary or wages in return for your...
