by Quinns_News | Oct 22, 2014 | Consumer News
Allowable deductions reduce taxable income; whereas, tax offsets directly reduce the amount of tax payable on your taxable income. They provide greater benefit. Often, tax offsets referred to as rebates. In general, tax offsets can reduce your tax payable to zero but...
by Quinns_News | Sep 3, 2014 | Consumer News
Many companies have great online marketing, and great offline marketing, but the trick is integrating them together. You could have a great website and a well thought out and planned print campaign, but both of these are inhibited if they are not combined together....
by Quinns_News | Sep 2, 2014 | Consumer News
Estate Planning allows you to retain control of your assets and enables you to determine who will make decisions on your behalf should you not have the capacity in the future. Essentially, it involves preparing for the disposal of your estate in the event of death....
by Quinns_News | Aug 27, 2014 | Consumer News
A new Penalty Regime for SMSFs will apply for contraventions that occur on or after 1 July 2014. The new measures will provide the ATO, as the Regulator of SMSFs, with greater flexibility when dealing with a fund’s non-compliance with the law. Where an administrative...
by Quinns_News | Aug 13, 2014 | Consumer News
The ATO recently released draft taxation ruling TR 2013/D6 which deals with certain income tax consequences that may arise where, as a result of the Family Court ordering that interests in property be altered upon the breakdown of a marriage, money or other property...
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...
