by Quinns_News | Oct 2, 2023 | Blog, Tax Advice and Updates
Earlier this year, the 2023/24 Federal Budget allocated more than $40 million to the Australian Taxation Office (ATO) to be utilised in targeting Superannuation Guarantee compliance, and it hasn’t taken long to see the increased activity in this area. The current ATO...
by Quinns_News | Sep 25, 2023 | Accounting News, Tax Advice and Updates
The Australian Taxation Office’s (ATO) “asset betterment method” is targeted towards individuals and businesses dealing in the cash economy who fail to correctly report and remit their income tax obligations. This approach ensures that those who think they can escape...
by Quinns_News | Sep 24, 2023 | Accounting News
If you inherit a dwelling, there are usually no capital gains tax implications at the time you inherit it. However, it is important to know that capital gains tax may apply when you subsequently sell, or otherwise dispose of, the dwelling. We’ll take you through...
by Quinns Marketing | Sep 20, 2023 | Legal News
Do you know what you can do, or what steps should you take, if you have lost a trust deed? Losing a trust deed can give rise to significant tax and commercial challenges that can be both difficult and time-consuming to resolve. Without a trust deed, for example, a...
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 | 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 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 | May 17, 2023 | Blog
Are you making the most of CGT exemptions when it comes to your main residence? Do you know what you are eligible to claim and how to go about it? Do you know the difference between the 6 months rule and the 6 year rule? In a world where costs are constantly...
