by Quinns_News | Aug 25, 2010 | Accounting News
The Family Tax Benefit is a payment which aims to assist families with the cost of raising dependent children. There are two parts of the Family Tax Benefit – Part A and Part B. Part A is the primary payment designed to help with the cost of raising children. It...
by Quinns_News | Aug 23, 2010 | 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 | Aug 18, 2010 | Consumer News
Probate is a legal process that takes place after someone dies and usually involves several steps. Generally the executor of an estate (the person nominated in a person’s Will who administers the terms of the Will) will apply for probate and will oversee the...
by Quinns_News | Aug 16, 2010 | Accounting News
A director of a company that has a tax debt to the ATO (often in relation to PAYG withholding amounts) may be served with a Director Penalty Notice. The aim of a Director Penalty Notice is to make directors liable for their company’s unpaid tax debt. Director Penalty...
by Quinns_News | Aug 11, 2010 | Accounting News
One downfall to renting out an investment property is that Capital Gains Tax (CGT) will be payable upon the sale of the property. CGT is the tax charged on capital gains that are procured from an asset, you are liable to pay this tax when your capital gains exceed...
by Quinns_News | Aug 9, 2010 | Accounting News
In the eyes of the tax office, companies are treated much like individuals in that they are required to pay tax on their taxable income. This is usually at a rate of 30% and is also known as the corporate tax rate. All businesses in Australia are required to lodge an...
