by Quinns_News | Nov 12, 2014 | Accounting News
The dividend imputation system eliminates double taxation when dividends are distributed to shareholders. The company pays a corporate tax on its profits. Later, a proportion of that tax is passed to the shareholders as a franking credit when the dividends are...
by Quinns_News | Nov 12, 2014 | Accounting News
If you are considering undertaking a project (eg. property development) you might be looking for a partner to join the assets, knowledge and expertise. What business structure is most suitable for you? Careful planning ensures that a proposed structure is tax...
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...
