by Quinns_News | May 23, 2012 | Accounting News
(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009. Due to amendments to the tax...
by Quinns_News | May 16, 2012 | Accounting News
Superannuation borrowing is arguably the fastest growing area of superannuation investment. There is an increasing demand for superannuants to take more control of their superannuation. During the Global Financial Crisis (GFC) many superannuants were cashing in their...
by Quinns_News | May 16, 2012 | Accounting News
(Part 1 securities acquired pre-2009 Financial Year) An employee share scheme (ESS) provides employees or their associates with the opportunity to acquire “securities” (in the form of shares or rights) in their employer’s company by virtue of their employment...
by Quinns_News | May 9, 2012 | Accounting News
This is a short summary of The Budget for the 2012-13 financial year. Benefits to Businesses Helping business to invest • Allowing companies to carry back tax losses so they get a refund against tax paid in the previous year, providing a tax benefit of up to $300,000...
by Quinns_News | May 9, 2012 | Accounting News
This is a short summary of The Budget for the 2012-13 financial year. Benefits to Individuals • $1.8 billion to increase Family Tax Benefit Part A for all eligible families, commencing 1 July 2013 • $1.1 billion for a new Supplementary Allowance for the unemployed,...
by Quinns_News | Apr 26, 2012 | Accounting News
Capital Gains Tax (CGT) is the tax you pay on a capital gain. It is not a separate tax, just part of your income tax. The most common way you make a capital gain (or capital loss) is by selling assets such as real estate, shares or managed fund investments. For CGT...
