by Quinns Blog | Sep 9, 2023 | Accounting News, Newsletter Features
Division 7A of the Income Tax Assessment Act 1936 (ITAA 1936) is intended to prevent private companies from making tax-free distributions of profits, or “loans”, to shareholders (or their associates). It is important to understand not only what is, and isn’t,...
by Quinns Blog | Sep 2, 2023 | Legal News, Newsletter Features
Not all trusts, and trust distributions, are created equal. There are many advantages and disadvantages to be considered for each trust structure and its appropriateness for your individual situation. One major consideration, that can be a positive or a negative, is...
by Quinns_News | Aug 25, 2023 | Accounting News, Consumer News, Tax Advice and Updates
As a foreign resident for tax purposes in Australia, it is important to understand the implications and application of capital gains tax (CGT) when disposing of assets. Below, we highlight the main points to be aware of when it comes to CGT for Foreign Residents in...
by Quinns_News | Aug 22, 2023 | Small Business News
It’s the way of the world these days, that it is all-but impossible to operate a business without the need for at least some kind of online activity. And for some, their business is completely reliant on it. Of course, information technology and the internet provides...
by Quinns_News | Jul 31, 2023 | Consumer News
There is no doubt that starting a business is a big decision. It involves a good amount of preparation and planning as well as a level of risk. While there are external factors that you cannot control that can impact the success of your business, there are plenty of...
by Quinns_News | Jul 27, 2023 | Blog
Reporting and lodgement of Taxable Payments Annual Report (TPAR) – which relates to eligible payments made to contractors in the 2022-23 financial year – is due by 28 August 2023. Some businesses and government entities that make payments to contractors...
by Quinns_News | Jul 20, 2023 | Blog
As a business owner in Australia there are various taxation obligations that you are required to navigate and adhere to, of which payroll tax is one. Payroll tax is a state based tax that is imposed on employers. It is applied to all Australian taxable wages that...
by Quinns_News | Jul 11, 2023 | Tax Advice and Updates
There are a number of tax implications that relate to property development and subdivision in Australia. Ensuring that you are aware of the requirements can help you to accurately assess the financial feasibility, and avoid the shock of unexpected costs, on your...
by Quinns_News | Jun 20, 2023 | Accounting News, Tax Advice and Updates
For any business owner, the end of any financial year brings with it a long list of things to do – both to finalise business’ financial and taxation obligations for the current year and to prepare for the new financial year ahead. With less than 2 weeks to go...
by Quinns_News | May 10, 2023 | Accounting News, Small Business News, Tax Advice and Updates
In the lead up to the announcement of the 2023 Federal Budget, the majority of the publicity centred on the Government’s promise to ease cost of living pressures. While those measures were detailed as the budget was delivered last night, Tuesday 9 May 2023, there were...
