by Quinns_News | Aug 1, 2012 | Accounting News
What is Payroll Tax? Payroll tax is imposed by the Office of State Revenue (OSR) on an employer’s liable NSW wages minus any threshold entitlement. As the majority of entities employ staff, payroll is usually one of their largest expenses. It can be of either a...
by Quinns_News | Jul 25, 2012 | Accounting News
What is Workers Compensation? Workers compensation provides protection to workers and their employers in the event of a work related injury or disease. Through the workers compensation system, injured workers may have an entitlement to weekly payments, lump sums for...
by Quinns_News | Jul 18, 2012 | Accounting News
If you’re a director or secretary of a small company, you must follow the requirements set out in the Corporations Act 2001 (Corporations Act). Even if you appoint an agent to look after the company’s affairs, you—not the agent—may still be held responsible for those...
by Quinns_News | Jul 11, 2012 | Accounting News
Under a novated lease arrangement, you as the employer take over all or part of the lessee’s rights and obligations under the lease. This transfer of rights and obligations is agreed to in a deed of novation between you, the finance company and the lessee. The...
by Quinns_News | Jul 11, 2012 | Accounting News
We’re already half way through 2012, the Global Financial Crisis is unrelenting, and the unpredictable nature of the various international share markets continue to unnerve us. With this in mind, now is the time to think about important strategies for your Self...
by Quinns_News | Jul 4, 2012 | Accounting News
As an individual you must pay tax to the Government in proportion to your earnings for the financial year period. In addition to the marginal tax income rates that are used to calculate the base amount of tax payable, taxpayers may be eligible to claim deductions or...
