by Quinns_News | May 30, 2012 | Accounting News
What’s the difference? The importance of correctly classifying a taxpayer as a share trader or a share investor has been affirmed by the Administrative Appeal Tribunal in the 2010 case of Smith v FCT. The distinction hinges on whether the taxpayer’s share trading...
by Quinns_News | May 30, 2012 | Accounting News
As anticipated, there were no initiatives directly impacting the franchise sector following the announcement of The Budget on 8 May 2012. Generally for small businesses the biggest news is that the Government will introduce a loss “carry back” initiative...
by Quinns_News | May 23, 2012 | Accounting News
What is a Bad Credit Rating? In Australia, a negative credit reporting system is used to record your credit related defaulting behaviors. This means a historical snapshot of your ability and commitment to repay your debts in a timely manner is kept on file. Financiers...
by Quinns_News | May 23, 2012 | Accounting News
(Part 2 securities acquired post 2009 financial year) Following the e-alert published last week, this article will consider the potential tax implications if you acquired securities under an employee share scheme on or after 1 July 2009. Due to amendments to the tax...
by Quinns_News | May 16, 2012 | Accounting News
Superannuation borrowing is arguably the fastest growing area of superannuation investment. There is an increasing demand for superannuants to take more control of their superannuation. During the Global Financial Crisis (GFC) many superannuants were cashing in their...
by Quinns_News | May 16, 2012 | Accounting News
(Part 1 securities acquired pre-2009 Financial Year) An employee share scheme (ESS) provides employees or their associates with the opportunity to acquire “securities” (in the form of shares or rights) in their employer’s company by virtue of their employment...
