by Quinns_News | Dec 10, 2014 | Accounting News
Look Carefully for GST Goods and Services Tax (GST) was introduced on 1 July 2000. How does GST work? Broadly, GST is 10% tax that you must pay on goods and services and other items that you have sold or consumed in Australia. GST registered businesses will usually...
by Quinns_News | Dec 3, 2014 | Accounting News
Despite its best efforts to educate the general public, the ATO continues to receive business activity statements (BAS) containing many GST related errors. Find out more about the most common GST mistakes and how you can avoid them. The majority of errors relate to...
by Quinns_News | Dec 3, 2014 | Accounting News
Christmas is a wonderful time of year; a time for giving and sharing gifts with family and friends. For many of us, Christmas is also a time where we tend to overspend and spend a lot of money. Find out how you can avoid blowing the holiday budget with these handy,...
by Quinns_News | Nov 28, 2014 | Accounting News
In Australia, franchising is one of the fastest-growing business sectors. There are a number of advantages as well as certain drawbacks when buying a franchise. Before entering a franchise agreement the franchisor is obliged to send you a disclosure document, the...
by Quinns_News | Nov 26, 2014 | Accounting News
Working Overseas? How it affects your Tax Australian residents are generally taxed on their worldwide income from all sources. Additionally, Australian residents for tax purposes are entitled to the tax-free threshold and are required to pay the Medicare Levy. The...
by Quinns_News | Nov 26, 2014 | Accounting News
You are liable to pay an income tax on your taxable income. To reduce your taxable income you can claim deductions for work-related expenses. Currently the ATO is focusing on the work-related expense claims. Common Claims 1. Using your computer, phone or other...
