by Quinns_News | Nov 9, 2016 | Blog
The Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016, received Royal Assent on 5 May 2016. It contains tax incentives to implement the Government’s “National Innovation and Science Agenda” by supporting innovation in Australian culture. It aims to support...
by Quinns_News | Nov 2, 2016 | Blog
All Australian residents and entities must meet their tax obligations. Australian residents are required to pay tax on worldwide income. Whereas foreign residents are required to pay income tax on all income that has its source in Australia. Below are the tax rates...
by Quinns_News | Nov 2, 2016 | Blog
The Australian Securities and Investment Commission (ASIC) requires businesses to inform them when a change occurs to any previously lodged details. ASIC provides an opportunity for companies to review their lodged details each year on their ASIC Annual Company...
by Quinns_News | Oct 26, 2016 | Blog
Generally deductions for business related expenses such as start up costs, business restructuring, the costs of defending against a takeover and the costs of ceasing business are eligible for deduction over a 5 year period. However, as of 1 July 2015 the Government...
by Quinns_News | Oct 26, 2016 | Blog
Bang for your buck There has been an emerging trend over the past two years where neighbours are getting together to sell their properties in a single lot (often called a ‘megalot’) to developers. This trend has been attributed to the government’s infrastructure...
