by Quinns_News | Jul 23, 2014 | Accounting News
You can only choose the depreciation method that is to be used to claim depreciation deductions on the fixtures and fittings within your investment property or properties once, so make sure you choose the method that is going to be most beneficial to you. Fixtures and...
by Quinns_News | Jul 16, 2014 | Accounting News
Purchasing commercial premises using your superannuation can be a financially rewarding investment strategy. Here, Chartered Accountant and SMSF advisor Peter Quinn explains the benefits of buying your business premises in your superannuation fund. Purchasing...
by Quinns_News | Jul 16, 2014 | Tax Advice and Updates
The ATO have stood by their belief that dividend washing is an illegal practice, slapping around 3000 fund managers, stock brokers and investors with a personal letter at the end of last month which threatened audits and steep penalties on those who did not “come...
by Quinns_News | Jul 9, 2014 | Consumer News
Could you be dealt Excess Contributions Tax? The Federal Court recently heard a case where the Commissioner had penalised a taxpayer with excess contributions tax (ECT) after, unbeknown to the taxpayer, his bookkeeper had made payments to his superannuation funds on...
by Quinns_News | Jul 9, 2014 | Legal News
There are many sections of the Corporations Act 2001 (Cth) (‘the Act’) that require some report to be handed to, or some notice to be given to a company’s creditors a certain number of days before a meeting is convened. For example, the Act requires liquidators to...
by Quinns_News | Jul 2, 2014 | Accounting News
Generally speaking, you do not have to pay capital gains tax (CGT) on any capital gain you make when you dispose of your main residence. But how do you prove that a certain property is your main residence? A recent decision by the administrative Appeals Tribunal has...
