by Quinns_News | Mar 6, 2012 | Tax Advice and Updates
The prospect of undergoing an audit, whether an industry requirement or enforced by a government agency, can be a worrying thing. The team at The Quinn Group are able to assist you through the process of the audit, and answer any of your auditing related questions....
by Quinns_News | Feb 29, 2012 | Small Business News
As a result of the Global Financial Crisis (GFC) many investors are considering purchasing an investment property of their business premises, thus utilising the funds in their superannuation, as well as the tax benefits associated with superannuation. If you would...
by Quinns_News | Feb 29, 2012 | Tax Advice and Updates
Payroll tax is imposed by the Office of State Revenue (OSR) on an employer’s liable NSW wages minus any threshold entitlement. As the majority of entities employ staff, payroll is usually one of their largest expenses. It can be of either a weekly, fortnightly,...
by Quinns_News | Feb 29, 2012 | Small Business News
But you only have until April to claim it. How to Claim your Money If you developed any new or improved products during the 2010-11 financial year you may qualify for the federal government’s Research & Development (R&D) Tax Incentive scheme. The benefits of...
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...
by Quinns_News | Feb 1, 2012 | Legal News
On 19 October 2011, the New South Wales Parliament passed legislation that makes a number of changes to the Home Building Act 1989 (NSW) (“the Act”). Please find some of the changes outlined below. Changes that apply from October 2011 The following changes are now in...
