by Quinns_News | Feb 9, 2011 | Accounting News
Businesses are required to charge a Goods and Services Tax (GST) at the rate of 10% on nominated goods and services that they supply to customers. The GST payable is included in the price paid by the recipient of the goods and services, and the supplier must pass this...
by Quinns_News | Feb 2, 2011 | Accounting News
Stamp Duty Key Points Duty, which is commonly known as stamp duty, is levied upon the sale of shares and property to cover the cost of the legal documents and processes of such transactions and is enforced by state governments. As a purchaser or borrower you may be...
by Quinns_News | Feb 2, 2011 | Accounting News
The vast majority of businesses in Australia employ staff and payroll is usually one of their largest expenses. Payroll Tax is imposed on wages that are exchanged from the employer to the worker, and is generally applied to the annual payroll of employers or a linked...
by Quinns_News | Jan 27, 2011 | Accounting News
Every business faces challenges, especially SMEs (Small to Medium Enterprises). There are a few specific challenges that have been forecasted for the year ahead, which business owners are likely to encounter during 2011. If these are potential problems for your...
by Quinns_News | Jan 11, 2011 | Accounting News
Land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax. If you own property other than your...
by Quinns_News | Jan 11, 2011 | Accounting News
The New Year is here and many business owners are resolving to make a fresh start with their business by creating and maintaining good financial records. It is vital that you keep records of the amount of money coming in and out of your business, as it can give an...
