by Quinns_News | Feb 22, 2012 | Tax Advice and Updates
Capital Gains Tax (CGT) is the tax you pay on any capital gain you make, which you include in your annual income tax return. There is no separate tax on capital gains, it is a component of your income tax. You are taxed on your net capital gain at your marginal tax...
by Quinns_News | Feb 22, 2012 | Tax Advice and Updates
The Australian Taxation Office (ATO) and federal law enforcement agencies want to intensify their campaign against offshore tax evasion, with increased penalties and greater powers for investigators expected to be considered by the federal government this year....
by Quinns_News | Feb 15, 2012 | Legal News
As our state governments are committing us to higher density living, this growth would inevitably create an increase in strata-related disputes. Currently, an on-line consultation is underway with suggestions for the reform of strata laws. This is the time for owners...
by Quinns_News | Feb 15, 2012 | Tax Advice and Updates
A director of a company that has a tax debt to the ATO (often in relation to PAYG withholding amounts) may be served with a Director Penalty Notice also known as a “DPN”. The aim of a Director Penalty Notice or DPN is to make directors liable for their company’s...
by Quinns_News | Feb 8, 2012 | Accounting News
On 14 December 2011, the Australian Tax Office (ATO) sent default assessment warning letters to tax payers who have overdue income tax returns where they had evidence they received taxable income in the relevant financial years. These letters were titled...
