by Quinns_News | Nov 27, 2013 | Tax Advice and Updates
The Australian Taxation Office is targeting small practice accountants and lawyers who use discretionary trusts to minimise income tax. A discretionary trust, also known as a family trust, is one in which the trustee is given the power, or discretion, to decide who...
by Quinns_News | Nov 20, 2013 | Tax Advice and Updates
The Government has announced changes to the tax rates and threshold that will result in non-resident individuals who derive Australian source income paying higher average rates of income tax. In addition, non-residents will also be denied access to the capital gains...
by Quinns_News | Nov 20, 2013 | Small Business News
Need to Know Many business owners often ask if they are able to sell their business to a migrant. To answer simply, yes, you can. However, ownership of an Australian business will not automatically entitle the potential business purchaser to a visa. There is more to...
by Quinns_News | Nov 13, 2013 | Tax Advice and Updates
How does this Affect You? The ATO has advised that their small business benchmarks have been updated with data from the 2010/2011 financial year. Their benchmarks are updated annually using the latest available income tax data. Small business benchmarks are financial...
by Quinns_News | Nov 13, 2013 | Financial Planning News
At a recent presentation by the Assistant Commissioner, Superannuation in Melbourne he made the following comments; “During the past four years the number of SMSFs has grown rapidly. As at the end of June 2013, there were just over an estimated 509,000 funds, an...
