Renting Out Part of Your Home – The Tax Implications
There is a significant increase in the number of people who are choosing to rent out rooms within their homes. Not only does it contribute to the mortgage and help cover utilities, but it also fills space that would otherwise be unoccupied. The rent received is known as assessable income by the Australian Taxation Office […]
5 Minutes with Jacki Penbrook
We’d like to introduce our team. Accountants aren’t just all about numbers, you know (although we love those too). Here are a few little things you might not know about our quirky team. This month we’re chatting with Senior Accountant, Jacki Penbrook. What is your role at QC Accountants? Senior Accountant Where did […]
Kickstart 2020 on the Right Financial Foot
If one of your New Year’s resolutions is to get your finances in order, this article is one to have in your toolkit. Keeping receipts and getting more organised will save you time and reduce costs. Most of all, it’ll save you from headaches – and don’t we all want fewer financial headaches? Each year, […]
5 Minutes with Justin Fahey
We’d like to introduce our team. Accountants aren’t just all about numbers, you know (although we love those too). Here are a few little things you might not know about our quirky team. This month we’re chatting with Graduate Accountant, Justin Fahey. What is your role at QC Accountants? Graduate Accountant Where did […]
Christmas-Related Gifts and Parties
Believe it or not, the holiday season is just around the corner! Joyfully, the season of festivities & gift-giving extends beyond home and friends to our workplaces. Some companies choose to host parties exclusively for their employees, but others want to invite associates and/ or clients too – the more the merrier! Before we all […]
5 Minutes with Chris Henman
5 Minutes with Chris Henman We’d like to introduce our team. Accountants aren’t just all about numbers, you know (although we love those too). Here are a few little things you might not know about our quirky team. This month we’re having a five-minute chat with Director, Chris Henman. What is your role at QC […]
QBCC Requires Annual Reporting
The Annual Reporting requirement is part of the new reporting requirements that the QBCC introduced in the 1 April 2019 legalisation changes. The Annual Report The Annual Report asks each licensee to provide the QBCC with Financial Information (essential profit & loss and balance sheet information) from the most recent financial year – for most […]
The Middle-Income Tax Offset – An Explanation
As you may already be aware, as of July 2019, there was a new tax offset available to middle-income earners. This means that people earning an income within a certain range may have been eligible to have their tax reduced by a specific amount. What does this mean for you, and by what amount? Read […]
5 Minutes with David Wood
We’d like to introduce our team. Accountants aren’t just all about numbers, you know (although we love those too). Here are a few little things you might not know about our quirky team, starting with David Wood. What is your role at QC Accountants? Business Development Manager Where did you grow up? Gold […]
Single Touch Payroll – from the Employers and Employees perspectives
Single Touch Payroll – For Employers & Employees On 1 July 2018 the Australian Taxation Office (ATO) began the rollout of their new ‘more efficient’ system for employers to report their employee’s wages, tax & super (Employee Obligations) information to the ATO. The Summary This system has been labelled as ‘single touch payroll’ as it […]
