by Quinns_News | Feb 13, 2013 | Accounting News
On 28 November 2012, the Crimes Legislation Amendment (Serious Drugs, Identity Crime and Other Measures) 2012 received royal assent. This Act increases the value of a penalty unit from $110 to $170 and requires the value of a penalty unit to be reviewed every three...
by Quinns_News | Feb 6, 2013 | Accounting News
In Australia, businesses are required to charge a Goods and Services Tax (GST) at the rate of 10% on nominated goods and services that they supply to customers. The GST payable is included in the price paid by the recipient of the goods and services, and the supplier...
by Quinns_News | Jan 30, 2013 | Accounting News
At first instance, many people would presume that the answer to this residency question is a straight forward yes or no answer. However, given the ease and increasing prevalence with which companies and trusts now conduct international business and other transactions...
by Quinns_News | Jan 30, 2013 | Accounting News
The ’45 Day Rule’ Details In order to be eligible to claim the benefit of a franking credit attached to a dividend payment, an investor must have held the share in question “at risk” for at least 45 days continuously. This rule aims to prevent investors...
by Quinns_News | Jan 23, 2013 | Accounting News
How to Resolve Issues with the ATO? The ATO’s approach to dispute resolution focuses on working with you to avoid or resolve a dispute as early as possible. The law gives you the right to object to some decisions they make about your tax affairs, including most tax...
by Quinns_News | Jan 16, 2013 | Accounting News
As part of the 2012-13 Budget announcement, the Australian Government outlined proposed changes to Parenting Payment that will affect single and partnered parents who have been receiving Parenting Payment prior to 1 July 2006. The government has also made changes to...
