by Quinns_News | Apr 22, 2015 | Tax Advice and Updates
The CGT Small business concessions may reduce or eliminate a taxable capital gain a taxpayer makes when a CGT event happens in relation to a CGT asset. Discretionary Trust Key Points In order to access any of the small business concessions (SBCs), a taxpayer must...
by Quinns_News | Apr 22, 2015 | Accounting News
The Australian tax system relies on taxpayers self-assessing. This means that you are responsible for working out how much you can declare and claim on your tax return. You also need to be able to show how you arrived at these figures– in some cases you may be...
by Quinns_News | Apr 15, 2015 | Consumer News
Do you have an investment property which is being rented out to a tenant? Jessica and Daniel had purchased their first investment property in Sydney’s inner west. They had made many improvements on the property prior to leasing it out. Landlord Insurance On their...
by Quinns_News | Apr 15, 2015 | Accounting News
Have you filled in your Application? The Research & Development (R&D) Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D. The program aims to help more businesses do...
by Quinns_News | Apr 8, 2015 | Tax Advice and Updates
As part of the 2014-15 Federal budget the Government announced that it will impose a Temporary Budget Repair levy of 2% on that part of a person’s taxable income which exceeds $180,000. The legislation for this has passed Parliament and the levy now applies to...
by Quinns_News | Apr 8, 2015 | Accounting News
If you have become unable to pay your debts and you cannot make any suitable repayment arrangements with your creditors, then you may voluntarily lodge a petition to become bankrupt. When you declare bankrupt a trustee is appointed to administer your bankruptcy. This...
by Quinns_News | Apr 1, 2015 | Accounting News
Fringe benefits tax (FBT) is a tax employers pay on certain benefits they provide to their employees, including their employees’ family or other associates. The benefit may be in addition to, or part of, their salary or wages package. Superannuation contributions you...
by Quinns_News | Apr 1, 2015 | Consumer News
What are Collectibles: Collectibles are personal use assets and include artwork, jewellery, boats, wine, antiques, artefacts, coins, medallions or bank notes, postage stamps, rare folios, manuscripts or books, memorabilia, motor vehicles and motor cycles, recreational...
by Quinns_News | Mar 25, 2015 | Legal News
Affidavit Explained An affidavit is a formal written document which describes a person’s own account of events in a prescribed format. A person making the affidavit is called a ‘deponent.’ What does an affidavit contain? The contents of an affidavit must be factual...
by Quinns_News | Mar 25, 2015 | Accounting News
Tax planning is significant at any stage of your life. It is particularly important if you have been diagnosed with a terminal illness. Organising the financial affairs prior to passing away will help the executor of your Will to administer the estate more...
