by Quinns_News | Apr 8, 2015 | Accounting News
If you have become unable to pay your debts and you cannot make any suitable repayment arrangements with your creditors, then you may voluntarily lodge a petition to become bankrupt. When you declare bankrupt a trustee is appointed to administer your bankruptcy. This...
by Quinns_News | Apr 1, 2015 | Accounting News
Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees, including their employees’ family or other associates. The benefit may be in addition to, or part of, their salary or wages package. Superannuation contributions you...
by Quinns_News | Mar 25, 2015 | Accounting News
Tax planning is significant at any stage of your life. It is particularly important if you have been diagnosed with a terminal illness. Organising the financial affairs prior to passing away will help the executor of your Will to administer the estate more...
by Quinns_News | Mar 18, 2015 | Accounting News
Later in your life the government provides age pension to ensure that elderly people have a minimum level of income to meet their retirement living expenses. To be eligible for an age pension you have to pass three tests. Age-test eligibility for the age pension is...
by Quinns_News | Mar 4, 2015 | Accounting News
Businesses that deliberately hide income to avoid paying the right amount of tax or superannuation are part of what the ATO calls the cash and hidden economy. What is the ATO Benchmark? The ATO uses benchmarks, amongst other indicators, to identify businesses that may...
by Quinns_News | Feb 25, 2015 | Accounting News
The deadline for annual Goods and Service Tax (GST) returns is fast approaching. You can either lodge your GST return monthly, quarterly or annually depending on your eligibility. If your business reports annually, you must complete the return to report GST by the...
