by Quinns_News | Dec 7, 2011 | Accounting News
The Australian Taxation Office recently released its Compliance Focus for the new financial year. The Compliance program expresses the ATO’s particular concerns and their plans to combat them, with a focus on tax and superannuation compliance. A number of their...
by Quinns_News | Dec 7, 2011 | Accounting News
Christmas is slowly creeping up on us and most of the annual party preparations are underway. As business owners start making decisions about events for clients and employees, an important issue to consider is the possible fringe benefits tax that may be applicable...
by Quinns_News | Dec 7, 2011 | Accounting News
A trust is an entity where a person (trustee) holds and governs property or other assets guided by the terms of a trust deed for the gain of another person or persons – the beneficiaries of the trust. A trust is not a separate legal entity like a company. All...
by Quinns_News | Nov 30, 2011 | Accounting News
Insolvency is defined by the Corporations Act as an inability to pay debts, as they fall due, out of the debtor’s company resources and refers specifically to businesses and companies. Usually used to refer to a business, insolvency refers to the inability of a...
by Quinns_News | Nov 30, 2011 | Accounting News
An audit is a review of the annual accounts and is usually carried out by an independent person or party, or a firm of accountants who are also accredited auditors. It is used to identify whether your business complies with accounting standards and relevant laws,...
by Quinns_News | Nov 23, 2011 | Accounting News
Tax debt is the amount of tax incurred during previous financial years that you still owe to the Australian Tax Office (ATO). Debt to the tax office can become increasingly difficult to manage when the ATO enforces its penalties for late payment, thus creating even...
