by Quinns_News | Sep 24, 2014 | Accounting News
The majority of clients seek advice regarding day-to-day business transactions. There is a fundamental difference between tax planning and tax evasion. Tax planning is a legitimate practice aimed to minimise tax liabilities through activities that are allowed under...
by Quinns_News | Sep 17, 2014 | Accounting News
The Director’s Penalty Regime (‘DPR’) was introduced in 1993. The main objective of the DPR is to ensure that directors cause their companies to meet the relevant tax obligations or promptly put the company into administration or liquidation. Initially, directors...
by Quinns_News | Sep 17, 2014 | Accounting News
If you are a foreign or temporary resident or the trustee of a foreign trust, you are subject to CGT if a CGT event happens to a CGT asset that is taxable Australian property (TAP). Under the Income Tax Assessment Act 1997 (Cth) (ITAA97) CGT assets that are taxable...
by Quinns_News | Sep 9, 2014 | Accounting News
The distinction between “employee” and “independent contractor” is crucial for many areas of tax, super and other government obligations. The ATO requires businesses to keep records to support the decision of whether your worker is an employee or contractor and the...
by Quinns_News | Sep 3, 2014 | Accounting News
In recent times the state revenue offices have increased their audit activities in the payroll tax area, particularly with respect to grouping and contractor payments. For payroll tax purposes, businesses may be grouped with other businesses if there is a link between...
by Quinns_News | Sep 3, 2014 | Accounting News
Whilst keeping up to date with your employment contracts, rental agreements and insurance payments may not be at the top of your ‘to do’ list, letting them expire can not only leave your business open to heartache but can also have serious consequences directly...
by Quinns_News | Sep 3, 2014 | Accounting News
Come tax time, every cent counts. Owning a rental property allows you access to a range of a possible tax deductions that can boost your tax refund and save yourself from paying more. Many investors can miss out on maximising their rental property claims simply...
by Quinns_News | Sep 3, 2014 | Legal News
The new financial year not only means getting ready for tax time, it also means being prepared for the various legal changes that will affect smooth sailing for the year ahead. By now, your business should be aware and have all these changes under control, and if not,...
by Quinns_News | Sep 3, 2014 | Small Business News
Networking is one of most effective and least expensive ways of creating and maintaining relationships that could result in new business leads, loyal customers and potential business partnerships. For small business owners, networking should be one of your top...
by Quinns_News | Sep 3, 2014 | Small Business News
Choosing a business name can be both an exciting and daunting experience at the same time – certainly one that you don’t want to get wrong. Before jumping into a name consider the following: The domain name is available When you’re brainstorming ideas for a business...
