by Quinns_News | Sep 25, 2013 | Accounting News
The ATO’s compliance in focus program for 2013-2014 is a document that sets out what the ATO is doing to manage the risks and maintain the integrity of Australia’s taxation and superannuation system for the next 12 months. The Compliance in focus in not an exhaustive...
by Quinns_News | Sep 11, 2013 | Accounting News
The Australian dollar has come under pressure since April this year. First, the Aussie dollar pushed through parity now the Australian dollar is currently trading at .91 US dollars at the time of posting. Falling commodity prices, a higher than expected budget deficit...
by Quinns_News | Aug 28, 2013 | Accounting News
When completing your tax return, you’re entitled to claim deductions for some expenses that are directly related to earning your income. You subtract these allowable deductions from your total income to arrive at your taxable income. You only pay tax on your...
by Quinns_News | Aug 28, 2013 | Accounting News
All businesses in Australia are required to lodge an annual company tax return. How your business lodges its annual income tax return depends on the type of business structure it operates under. Business Tax Lodgement Sole traders You report your taxable income or...
by Quinns_News | Aug 21, 2013 | Accounting News
What to Keep As a legal requirement, all employee and contractor records must be kept for five years. Records may be paper or electronic and must be in English. If you do decide to keep electronic records, make sure you choose a software package that meets your...
by Quinns_News | Aug 14, 2013 | Accounting News
What is Intellectual Property? Intellectual property (IP) represents all rights and entitlements obtained from mental or intellectual activity. This can come in the form of an invention, trade mark, original design or the practical application of a good idea. When you...
