by Quinns_News | Jul 16, 2014 | Accounting News
Purchasing commercial premises using your superannuation can be a financially rewarding investment strategy. Here, Chartered Accountant and SMSF advisor Peter Quinn explains the benefits of buying your business premises in your superannuation fund. Purchasing...
by Quinns_News | Jul 16, 2014 | Tax Advice and Updates
The ATO have stood by their belief that dividend washing is an illegal practice, slapping around 3000 fund managers, stock brokers and investors with a personal letter at the end of last month which threatened audits and steep penalties on those who did not “come...
by Quinns_News | Jul 9, 2014 | Consumer News
Could you be dealt Excess Contributions Tax? The Federal Court recently heard a case where the Commissioner had penalised a taxpayer with excess contributions tax (ECT) after, unbeknown to the taxpayer, his bookkeeper had made payments to his superannuation funds on...
by Quinns_News | Jul 9, 2014 | Legal News
There are many sections of the Corporations Act 2001 (Cth) (‘the Act’) that require some report to be handed to, or some notice to be given to a company’s creditors a certain number of days before a meeting is convened. For example, the Act requires liquidators to...
by Quinns_News | Jul 2, 2014 | Accounting News
Generally speaking, you do not have to pay capital gains tax (CGT) on any capital gain you make when you dispose of your main residence. But how do you prove that a certain property is your main residence? A recent decision by the administrative Appeals Tribunal has...
by Quinns_News | Jul 2, 2014 | Financial Planning News
There are a number of tax changes coming into effect as of 1 July 2014 that will affect all businesses. As a business owner, you need to ensure you are keeping up to date with all tax changes to make sure you are doing what’s right for your business and its employees....
by Quinns_News | Jun 25, 2014 | Financial Planning News
If you currently own or are thinking of starting a small business, you should be aware of the most common risks that small business are faced with. This enables you to be better prepared, and deal with these risks appropriately. Here are some common risks and how to...
by Quinns_News | Jun 18, 2014 | Financial Planning News
The end of financial year is almost here! There are many things that you as a business owner has to consider, and it is important to be aware of these issues and get everything in order before 30 June. Take Action on these ATO Debts Take care of any ATO debt...
by Quinns_News | Jun 18, 2014 | Financial Planning News
With the end of financial year just around the corner, now is the time to start preparing your tax plan. Here is a list of the best ways to legally minimise your tax this financial year. If you earn more than $18,200 (tax free threshold), during the 2013 – 2014...
by Quinns_News | Jun 11, 2014 | Financial Planning News
More and more Australians are not only considering managing their own superannuation but are deliberating whether to invest that superannuation into direct property. To invest or not to invest with Superannuation? Ordinarily Australians considering purchasing property...
