by Quinns_News | Sep 17, 2014 | Accounting News
If you are a foreign or temporary resident or the trustee of a foreign trust, you are subject to CGT if a CGT event happens to a CGT asset that is taxable Australian property (TAP). Under the Income Tax Assessment Act 1997 (Cth) (ITAA97) CGT assets that are taxable...
by Quinns_News | Sep 9, 2014 | Accounting News
The distinction between “employee” and “independent contractor” is crucial for many areas of tax, super and other government obligations. The ATO requires businesses to keep records to support the decision of whether your worker is an employee or contractor and the...
by Quinns_News | Sep 3, 2014 | Accounting News
In recent times the state revenue offices have increased their audit activities in the payroll tax area, particularly with respect to grouping and contractor payments. For payroll tax purposes, businesses may be grouped with other businesses if there is a link between...
by Quinns_News | Sep 3, 2014 | Accounting News
Whilst keeping up to date with your employment contracts, rental agreements and insurance payments may not be at the top of your ‘to do’ list, letting them expire can not only leave your business open to heartache but can also have serious consequences directly...
by Quinns_News | Sep 3, 2014 | Accounting News
Come tax time, every cent counts. Owning a rental property allows you access to a range of a possible tax deductions that can boost your tax refund and save yourself from paying more. Many investors can miss out on maximising their rental property claims simply...
by Quinns_News | Sep 3, 2014 | Legal News
The new financial year not only means getting ready for tax time, it also means being prepared for the various legal changes that will affect smooth sailing for the year ahead. By now, your business should be aware and have all these changes under control, and if not,...
