by Quinns_News | Jul 22, 2015 | Accounting News
Most income your business receives is assessable income – which means you need to declare it and it’s subject to tax. You can claim tax deductions for most costs you incur in running your business but there are exceptions. For example, you cannot claim...
by Quinns_News | Jul 22, 2015 | Consumer News
Testamentary discretionary trusts have become increasingly popular due to the various benefits it provides. One of the benefits is that it provides the testator a measure of control over their assets after death. Another benefit is that due to the control given to a...
by Quinns_News | Jul 15, 2015 | Accounting News
Effectively managing your tax affairs can help avoid tax shocks. Australia’s income tax system is based on self-assessment. This means that information you provide to the ATO is initially accepted as being true and correct when you lodge your tax return and...
by Quinns_News | Jul 15, 2015 | Consumer News
Buying long term investment properties is one of the most popular investment strategies for Australians, and has been for some time. A good investment can create ongoing cash flow, improve your wealth, bolster your assets and reward you with long term financial...
by Quinns_News | Jul 8, 2015 | Accounting News
The Small Enterprise Association of Australia & New Zealand (SEAANZ) is a not-for-profit company which focuses on research, education, policy and practice in the field of small to medium enterprise and entrepreneurship. It organises annual conferences to discuss...
by Quinns_News | Jul 8, 2015 | Consumer News
In the event that a trust is created by way of settlement, it is recommended that a settlor should be a person who is not related to any of the beneficiaries, due to the application of s 102 of the ITAA 1936. Section 102 specifies the circumstances in which the...
