by Quinns_News | Nov 19, 2014 | Accounting News
Normally, if you make a tax loss in an income year you can carry it forward and deduct it in future years against income for tax purposes. You can generally carry forward a capital loss and offset it against a capital gain in later years. Also, you can claim a...
by Quinns_News | Nov 19, 2014 | Consumer News
Non-residents for tax purpose are required to pay income tax on Australia sourced income whether or not they are actually present in Australia. Interest income, unfranked dividends and royalties are not subject to income tax. The tax rates are different to the...
by Quinns_News | Nov 12, 2014 | Accounting News
The dividend imputation system eliminates double taxation when dividends are distributed to shareholders. The company pays a corporate tax on its profits. Later, a proportion of that tax is passed to the shareholders as a franking credit when the dividends are...
by Quinns_News | Nov 12, 2014 | Accounting News
If you are considering undertaking a project (eg. property development) you might be looking for a partner to join the assets, knowledge and expertise. What business structure is most suitable for you? Careful planning ensures that a proposed structure is tax...
by Quinns_News | Nov 5, 2014 | Consumer News
As we start winding down and looking forward to the holidays over Christmas and the New Year, many of us make plans to visit friends and family interstate, or head overseas for a white Christmas. It’s a joyous time of year, one in which we are certainly not thinking...
