by Quinns_News | Apr 18, 2012 | Accounting News
The Australian Taxation Office (ATO) is responsible to the government and the community for collecting the revenue and ensuring that everyone pays the correct amount of tax. A tax enquiry or audit is an examination of your tax affairs by the ATO to see if you have...
by Quinns_News | Apr 11, 2012 | Accounting News
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 permanent impairment, payment...
by Quinns_News | Apr 4, 2012 | Accounting News
What is Bankruptcy Bankruptcy refers to the situation where an individual is unable to meet their financial obligations and repay accrued debt. It occurs when an individual does not have enough money/assets to pay creditors or a debt that is owed. However, it is not...
by Quinns_News | Mar 28, 2012 | Accounting News
If you have assessable income from overseas, you must declare it in your Australian income tax return. If you have paid foreign tax in another country, you may be entitled to an Australian foreign income tax offset, which provides relief from double taxation. You can...
by Quinns_News | Mar 28, 2012 | Accounting News
Recent statistics have reported 70% of employers are non-compliant with their Fringe Benefit Tax (FBT) obligations and 69% of employers failing to lodge a FBT return. As a result, the Australian Tax Office (ATO) has broadened its reach to the SME and large business...
by Quinns_News | Mar 21, 2012 | Accounting News
It is compulsory for every business to keep records of its business transactions. In order to do this a bookkeeper is needed to assist in recording the financial transactions of the business. This process involves the use of a computerised accounting system or it can...
