by Quinns_News | Aug 10, 2011 | Accounting News
The decline in value of a depreciating asset is worked out on the basis of its effective life. Generally, the effective life of a depreciating asset is how long it can be used for a taxable purpose, or the purpose of producing exempt income or non-assessable...
by Quinns_News | Aug 3, 2011 | Accounting News
Has a family member or friend asked you to be a ‘co-borrower’ or guarantee a loan for them? Before you say yes, think carefully – you could lose not only your money, but valuable assets such as your house or car. What is a guarantor or co-borrower? If a credit...
by Quinns_News | Aug 3, 2011 | Accounting News
The Jobs Action Plan targets the creation of 100,000 new jobs in NSW from July 2011 and gives businesses the incentive to employ new workers and expand their enterprises. The plan provides a payroll tax rebate of up to $4000 per employee for the first 100,000 new...
by Quinns_News | Jul 27, 2011 | Accounting News
SCAMwatch is warning Australians to be alert to scam calls offering to pay carbon tax compensation into your bank account or asking survey questions about the carbon tax. It is important to be aware of these scammers and not to give any of your personal information...
by Quinns_News | Jul 20, 2011 | Accounting News
If you have made an error relating to your tax obligations, it can be dealt with by making a voluntary disclosure. Voluntary disclosures are free choices made on the part of an individual or organisation to provide information to the ATO on any information that...
by Quinns_News | Jul 20, 2011 | Accounting News
Franchising as a concept is not a business itself, but a methodology of doing business. It can be defined by the relationship between the franchisor, who is the owner of the business and intellectual property, and the franchisee who buys the rights to market and...
