by Quinns_News | Oct 23, 2013 | Tax Advice and Updates
Now that the Abbott government is settling in, it is worthwhile to take a look at their promises and the commitments that they made in the run-up to the election. Here is a list of some of the important commitments: • Self education expenses: There will be no $2,000...
by Quinns_News | Oct 16, 2013 | Accounting News
A tax scheme is an arrangement where the intention is to avoid or defer tax obligations. There are many different types of tax schemes, and many of these arrangements use a number of complex transactions, moving funds through several entities such as trusts. The aim...
by Quinns_News | Oct 16, 2013 | Accounting News
Depreciation has been made simpler for small business in the 2012/2013 income year. There are three main changes which may impact the timing of asset purchases. Understanding the Concept of Depreciation Firstly, there is an increase to the instant asset write-off...
by Quinns_News | Oct 9, 2013 | Consumer News
The new financial year brings with it significant changes to the tax system. With such a multitude of perplexing figures and overwhelming paper work, it is understandable how tax time can become very confusing and stressful for tax payers. Generally speaking, anyone...
by Quinns_News | Oct 9, 2013 | Legal News
The Australian Securities & Investments Commission (ASIC) recently announced a targeting of company directors with a history of failed companies as part of a surveillance program to combat illegal phoenix activity. Phoenix activity is the fraudulent act of...
by Quinns_News | Oct 2, 2013 | Consumer News
Best Strategy for You Many business owners struggle with whether to hold their business assets as an individual or as a company. However, for many reasons, holding assets in a Self Managed Superannuation Fund (SMSF) can be a better strategy. This strategy suits...
