by Quinns_News | Oct 2, 2023 | Blog, Tax Advice and Updates
Earlier this year, the 2023/24 Federal Budget allocated more than $40 million to the Australian Taxation Office (ATO) to be utilised in targeting Superannuation Guarantee compliance, and it hasn’t taken long to see the increased activity in this area. The current ATO...
by Quinns_News | Sep 25, 2023 | Accounting News, Tax Advice and Updates
The Australian Taxation Office’s (ATO) “asset betterment method” is targeted towards individuals and businesses dealing in the cash economy who fail to correctly report and remit their income tax obligations. This approach ensures that those who think they can escape...
by Quinns_News | Sep 24, 2023 | Accounting News
If you inherit a dwelling, there are usually no capital gains tax implications at the time you inherit it. However, it is important to know that capital gains tax may apply when you subsequently sell, or otherwise dispose of, the dwelling. We’ll take you through...
by Quinns_News | Sep 21, 2023 | Accounting News, Small Business News, Tax Advice and Updates
On Tuesday 19 September 2023, NSW Treasurer Daniel Mookhey delivered the 2023-24 NSW State Budget. We’ve highlighted a number of the key proposed measures and how they might affect you and your business, now and into the future. 2023-24 NSW State Budget Overview In an...
by Quinns Marketing | Sep 20, 2023 | Legal News
Do you know what you can do, or what steps should you take, if you have lost a trust deed? Losing a trust deed can give rise to significant tax and commercial challenges that can be both difficult and time-consuming to resolve. Without a trust deed, for example, a...
by Quinns Blog | Sep 9, 2023 | Accounting News, Newsletter Features
Division 7A of the Income Tax Assessment Act 1936 (ITAA 1936) is intended to prevent private companies from making tax-free distributions of profits, or “loans”, to shareholders (or their associates). It is important to understand not only what is, and isn’t,...
