by Quinns_News | Jul 22, 2015 | Accounting News
Most income your business receives is assessable income – which means you need to declare it and it’s subject to tax. You can claim tax deductions for most costs you incur in running your business but there are exceptions. For example, you cannot claim...
by Quinns_News | Jul 15, 2015 | Accounting News
Effectively managing your tax affairs can help avoid tax shocks. Australia’s income tax system is based on self-assessment. This means that information you provide to the ATO is initially accepted as being true and correct when you lodge your tax return and...
by Quinns_News | Jul 8, 2015 | Accounting News
The Small Enterprise Association of Australia & New Zealand (SEAANZ) is a not-for-profit company which focuses on research, education, policy and practice in the field of small to medium enterprise and entrepreneurship. It organises annual conferences to discuss...
by Quinns_News | Jun 24, 2015 | Accounting News
Is your superannuation money safe from the ATO? In the event that you owe money to the ATO, it appears that your super fund is not out of their reach. The ATO has the power to collect monies owed directly from third parties who owe or hold money to or for the debtor....
by Quinns_News | Jun 10, 2015 | Accounting News
The end of the financial year is fast approaching and there are a range of taxation issues that businesses have to consider. It is important that you are aware of these issues and get everything in order before 30 June 2015. ATO tax obligations Take care of any ATO...
by Quinns_News | May 29, 2015 | Accounting News
The Commissioner of Taxation recently released the annual report for 2013-14 which highlighted an alarming increase in the number of Self Managed Super Fund (SMSF) trustees that were declared disqualified persons by the ATO. A disqualified person is prohibited from...
