by Quinns_News | Apr 5, 2017 | Blog
The ATO has an underlying expectation that taxpayers will pay their tax debts as and when they fall due. The ATO does not consider itself to be a credit provider and expects that tax debts be given the same priority as all other debts. Tax Debts The ATO will take...
by Quinns_News | Apr 5, 2017 | Blog
It is not uncommon for Australian citizens to leave Australia to advance their career goals by exploring job prospects in the overseas market. Unless certain criteria are satisfied you remain an Australian tax resident. Tax Obligations while working abroad The issue...
by Quinns_News | Apr 5, 2017 | Blog
Under the income tax law, a taxpayer carrying on a business can generally claim a deduction for expenses incurred in producing taxable income or that is required to carry on the business. Buying a client coffee or lunch may look to be a necessary business cost....
by Quinns_News | Mar 29, 2017 | Blog
The clock is ticking for investors who want to take advantage of the more generous tax concessions available in super this financial year. As of July 1, new rules come into effect that will reduce contribution limits. Until then, individuals can make a...
by Quinns_News | Mar 29, 2017 | Blog
Failure to lodge tax returns There has been a recent trend with the ATO heavily targeting taxpayers who have failed to lodge income and BAS tax returns over a period of time. From our experience this period commonly ranges from 2 years to 12 years for both individuals...
