by Quinns_News | Nov 5, 2014 | Consumer News
As we start winding down and looking forward to the holidays over Christmas and the New Year, many of us make plans to visit friends and family interstate, or head overseas for a white Christmas. It’s a joyous time of year, one in which we are certainly not thinking...
by Quinns_News | Nov 5, 2014 | Legal News
If you consider purchasing a business you should bear in mind tax implications where the acquisition includes intangible assets (eg. intellectual property). The legal definition of intellectual property (IP) includes intangible items such as patents, trademarks,...
by Quinns_News | Oct 29, 2014 | Accounting News
When you are buying a business you may incur various initial expenses before the transaction is actually completed. These costs include legal fees to draft a contract or expenses to carry out a due diligence audit of the acquiring business and other incidental costs....
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 | Oct 15, 2014 | Accounting News
You can deduct certain expenses associated with your rental property. You can claim a deduction for the cost of advertising for tenants, rates and taxes, insurance etc. in the income year these expenses incurred. Other expenses are claimed over a number of years, such...
by Quinns_News | Oct 15, 2014 | Accounting News
There are many aspects to consider when buying into a franchise. What business structure is most suitable for your business? What are the tax consequences when you commence, run or terminate a franchise? When and where to get legal advice? When you buy a franchise you...
