by Quinns Blog | Dec 15, 2019 | Accounting News, Newsletter Features
From 1 July 2017 (i.e. the 2018 financial year) investors have no longer been able to claim deductions for travel expenses relating to collecting rent from or for inspecting, maintaining or repairing residential premises used as rental properties, subject to certain...
by Quinns Blog | Dec 15, 2019 | Accounting News, Newsletter Features
Further changes are expected to be made to the small business CGT concessions. These particular changes are intended to be applied in relation to CGT events involving shares in a company or units in a trust and specifically outline changes to the existing active asset...
by Quinns Blog | Dec 11, 2019 | Blog
A former top Adelaide bureaucrat who lied on her CV to secure her lucrative South Australian Government position has been jailed for at least 12 months. Veronica Theriault, was chief information officer within the Department of Premier and Cabinet (DPC) when she...
by Quinns Blog | Dec 5, 2019 | Blog
In the recent case of Commissioner of Taxation v Sharpcan Pty Ltd, the High Court determined whether there was any tax relief available for expenditure incurred by the taxpayer in relation to gaming machine entitlements. The defendant, Sharpcan was a corporate...
by Quinns Blog | Dec 5, 2019 | Blog
For the purposes of the duties and land tax surcharges on foreign persons, “foreign person” means a person who is a foreign person within the meaning of the Foreign Acquisitions and Takeovers Act 1975 (FAT Act) of the Commonwealth, as modified by section 104J of the...
by Quinns Blog | Nov 27, 2019 | Blog
If you are building in NSW without planning approval or have differed from what has been approved, the chances that you will not be able to obtain an Occupation Certificate (OC) are high; and without one, your building activity is considered an offence under the...
by Quinns Blog | Nov 20, 2019 | Blog
Just over a month ago, Australian Securities and Investment Commission (ASIC) unveiled last financial year’s statistics on corporate insolvencies. From June 2018 to the same time in 2019, the recorded amounts of corporate insolvencies were at 10,747. ASIC found that...
by Quinns Blog | Nov 20, 2019 | Blog
Following the ratification of the Treasury Amendment (2018 Superannuation Measures (No.1) Act 2019, from New Year’s Day 2020, eligible individuals with multiple employers will be able to opt out of Superannuation Guarantee (SG) contributions to assist them in avoiding...
by Quinns Blog | Nov 13, 2019 | Blog
There is a myriad of disputes that can occur between homeowners and contractors during construction. The top five, as concluded by construction data trends, are: Variations Client site access Allowance Final payment Delay related disputes The most common reason for...
by Quinns Blog | Nov 13, 2019 | Blog
If you are a provider of health care in the community you must ensure all employees provide a satisfactory criminal record check. This obligation is in accordance with relevant legislation and contractual requirements for delivering care in the community. All...
