by Quinns_News | Jan 24, 2018 | Blog
This question was addressed early last year in Uber B.V. v FC of T. Generally speaking, enterprises with a turnover below $75,000 are not required to register for GST and remit 10% of their revenue to the ATO. However, there is a special rule in the GST Act that...
by Quinns_News | Jan 18, 2018 | Blog
Generally the main residence is exempt from capital gains tax (CGT). To get the exemption, the property must have a dwelling on it and a taxpayer must have lived in it. A vacant block of land is not entitled to the exemption. A taxpayer is eligible for a full main...
by Quinns_News | Jan 18, 2018 | Blog
Are banks in the wrong? It seems everything is a subscription these days. If we scan through our bank statements, there are recurring payments not just for our mortgage and basic bills but also for everything from Spotify, Netflix and Audible to Aussie Farmers Direct...
by Quinns_News | Dec 13, 2017 | Blog
In Australia, the transfer pricing regime puts a significant burden on the entity to ensure that related party pricing is arm’s length and supported by appropriate documentation. If the amounts for the transactions do not comply with the arm’s length principle then...
by Quinns_News | Dec 13, 2017 | Blog
Further to removing the deductibility of travel expenses in relation to rental properties in the 2017-18 Federal Budget, the Commissioner has issued Draft Tax Ruling TR 2017/D6 which sets out the general principles for determining whether an employee can deduct travel...
