by Quinns_News | Jan 15, 2014 | Accounting News
There has been a recent attempt to stamp out abuses of LAFHA benefits (such as employees converting taxable salary and wages into tax-free LAFH benefits that exceeded actual costs incurred by an employee whilst away from home). For example, additional conditions have...
by Quinns_News | Jan 8, 2014 | Accounting News
Employers could be fined for failing to correctly classify workers as employees rather than independent contractors (and thus failing to withhold payments under the PAYG tax scheme and failing to pay superannuation contributions). In the recent case of Farant, the...
by Quinns_News | Dec 4, 2013 | Accounting News
When it comes to running your own business, it’s important to have plans and procedures in place so when the inevitable does happen and you fall sick your business will be able to function as required. As a small business owner, you don’t have the luxury of calling in...
by Quinns_News | Dec 4, 2013 | Accounting News
What you can Claim As the 2013 year draws to a close, many small businesses are planning and looking forward to the festive season and end of year celebrations with colleagues. Without trying to dampen the good mood this time of year brings, it is worth mentioning...
by Quinns_News | Oct 16, 2013 | Accounting News
A tax scheme is an arrangement where the intention is to avoid or defer tax obligations. There are many different types of tax schemes, and many of these arrangements use a number of complex transactions, moving funds through several entities such as trusts. The aim...
by Quinns_News | Oct 16, 2013 | Accounting News
Depreciation has been made simpler for small business in the 2012/2013 income year. There are three main changes which may impact the timing of asset purchases. Understanding the Concept of Depreciation Firstly, there is an increase to the instant asset write-off...
