by Quinns_News | Jul 26, 2010 | Accounting News
Many businesses are required to pay Payroll Tax to the Office of State Revenue (OSR). Payroll Tax is a state-based tax imposed on wages that are paid or payable in the relevant state. Wages includes most payments for services made by an employer to employees,...
by Quinns_News | Jul 23, 2010 | Accounting News
What to do in Financial Difficulty Once a company is having financial difficulty or has become insolvent the company may go into liquidation. Liquidation involves drawing to a close all of a company’s dealings, so that the business operations can be shut down....
by Quinns_News | Jul 14, 2010 | Accounting News
The new financial year brings with it significant changes to the tax system. With new exemptions being introduced, a multitude of perplexing figures and overwhelming paper work, it is understandable how tax time can become very confusing for tax payers. Generally...
by Quinns_News | Jul 5, 2010 | Accounting News
Insolvency law has become a generic term for what used to be called company liquidations and bankruptcy. 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...
by Quinns_News | Jun 30, 2010 | 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. In the current business world trust deeds have become more...
by Quinns_News | Jun 28, 2010 | Accounting News
Whether you are an individual or own a business it is important to be aware of the tax law regarding overseas income and assets. If you or your business has offshore income or assets which has not been disclosed to the Australian Taxation Office (ATO) now is the time...
