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 27, 2014 | Tax Advice and Updates
From the 2013 income year the small business entities (SBE) capital allowance rules were amended to make the SBE pooling arrangement simpler. A SBE is a business (including the individual, partnership, company or trust) that carries on the business activity with...
by Quinns_News | Aug 20, 2014 | Tax Advice and Updates
A reminder that all trustees who make beneficiaries entitled to trust income by way of a resolution must do so by the end of an income year (30 June). This resolution will determine who is to be assessed on the trust’s taxable income. Things to Know If no...
by Quinns_News | Aug 20, 2014 | Legal News
Exempt and complying development policy provides for a streamlined planning pathway that provides: • Homeowners and businesses access to streamlined approvals for low impact development, like building or renovating a home, or a new commercial or industrial premises; •...
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 | Aug 13, 2014 | Legal News
Given the rise in copyright infringement claims and growing fears builders are experiencing when investing in designs and plans, confusion has simultaneously arisen as to what copyright actually is. Copyright claims arise under the ambit of the Copyright Act 1968...
