by Quinns_News | Mar 22, 2017 | Blog
It is common practice for small business owners to pay business expenses such as insurance, telephone bills, stationery and parking fees on personal credit cards that accumulate “frequent flyer points”. These points may be later redeemed for a wide range of rewards...
by Quinns_News | Mar 15, 2017 | Blog
Divorce Grief A finder.com.au survey found that a whopping 47%, that’s right, almost 50% of people in the survey made a costly money mistake. Making their wealth suffer. The most common financial mistake was ‘divorce’. This was quantified at an average cost of...
by Quinns_News | Mar 15, 2017 | Small Business News
Have you ever wanted to be like one of the many YouTube sensations that become seemingly rich over night? Just remember that any income you receive as a result of your success may be considered as income if the Australian Taxation Office (ATO) determines you are...
by Quinns_News | Mar 15, 2017 | Blog
The companies incorporated under the Corporations Act 2001 are required to notify the Australian Securities and Investment Commission (ASIC) of any changes. Furthermore, there are severe repercussions for lodging a document with ASIC containing a false or misleading...
by Quinns_News | Mar 15, 2017 | Blog
The recent decision in the Western Australian Supreme Court (Allanson J) Blenkinsop v Blenkinsop Nominees Pty Ltd as Trustee for the Blenkinsop Family Trust [No. 2] is of significance as it discusses the role of a guardian/appointor under a discretionary trust deed....
by Quinns_News | Mar 8, 2017 | Blog
Many of us compare our financial circumstances or wealth to our colleagues, friends or peers. The problem with undertaking this comparison is that whilst we may have some idea of the assets that they own we generally have no idea of their debt or what their annual...
by Quinns_News | Mar 8, 2017 | Blog
In December 2016 the Treasurer of The Commonwealth of Australia Mr Scott Morrison presented the 2016/2017 Mid-Year Economic and Fiscal Outlook (MYEFO). MYEFO proposes a number of tax changes, one of which, allowing the Australian Taxation Office (ATO) to disclose to...
by Quinns_News | Mar 1, 2017 | Blog
A depreciating asset is an asset that has a limited effective life and can reasonably be expected to decline in value over the time it is used. Depreciating assets include such items as computers, electric tools, furniture and motor vehicles. Know what to deduct Land...
by Quinns_News | Mar 1, 2017 | Blog
Each year the Australian Tax Office (ATO) places EXTRA emphasis on particular areas of individual tax returns. This year the ATO will be focusing on claims made by owners of investment properties and holiday homes. Apportionment of Rental Income and Deductions...
by Quinns_News | Feb 22, 2017 | Blog
To understand your tax situation you need to determine if you are an Australian or foreign resident for tax purposes. As an Australian tax resident your assessable income includes ordinary income derived from all sources, whether in or out of Australia, during the...
