by Quinns_News | Jun 6, 2012 | Accounting News
In the 2011- 2012 financial year so far, over 2200 new cases of bankruptcy have been lodged in Australia. Increasing financial stress, credit card debt, personal loans and an unstable employment market, have greatly contributed to the bankruptcy declarations within...
by Quinns_News | Jun 6, 2012 | Accounting News
Failing to keep accurate track of your accounts receivable (that is, debts others owe to your business) can have many negative effects on the health of your business. If you have cash tied up in unpaid debts, this can severely affect your own ability to pay debts to...
by Quinns_News | May 30, 2012 | Accounting News
What’s the difference? The importance of correctly classifying a taxpayer as a share trader or a share investor has been affirmed by the Administrative Appeal Tribunal in the 2010 case of Smith v FCT. The distinction hinges on whether the taxpayer’s share trading...
by Quinns_News | May 30, 2012 | Accounting News
As anticipated, there were no initiatives directly impacting the franchise sector following the announcement of The Budget on 8 May 2012. Generally for small businesses the biggest news is that the Government will introduce a loss “carry back” initiative...
by Quinns_News | May 23, 2012 | Accounting News
What is a Bad Credit Rating? In Australia, a negative credit reporting system is used to record your credit related defaulting behaviors. This means a historical snapshot of your ability and commitment to repay your debts in a timely manner is kept on file. Financiers...
by Quinns_News | May 23, 2012 | Accounting News
(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009. Due to amendments to the tax...
