by Quinns Blog | Oct 30, 2019 | Blog
The Research and Development (R&D) Tax Incentive program is an initiative by the Australian Taxation Office (ATO), made to encourage companies to engage in R&D that benefits our nation. Now, thanks to a ruling by the Federal Court, companies can more readily...
by Quinns Blog | Oct 23, 2019 | Blog
There are current reports that the Government clawed back $200 million in the 2018 financial year from businesses who have claimed the R&D tax incentive. A number of complaints regarding this action by the Australian Taxation Office (ATO) have been heard; sourced...
by Quinns Blog | Oct 23, 2019 | Blog
The Australian Business Register (ABR) may now contact ABN holders to test the integrity of the register. The ABR has planned to contact a random sample of ABN holders across all entity types to confirm their business information, discuss how they use the ABN, and...
by Quinns Blog | Oct 16, 2019 | Blog
The ATO has reminded taxpayers that, if they run their home-based business as a company or trust, their business should have a genuine, market-rate rental contract with the owner of the property. The agreement will determine which expenses the business pays for and...
by Quinns Blog | Oct 16, 2019 | Blog
We are in the midst of the Fourth Industrial Evolution, the executive chairman of World Economic Form, Klaus Schwab, claimed in a 2015 article. Shcwab expects this era to be marked by breakthroughs in emerging technologies in fields such a robotics, artificial...
by Quinns Blog | Oct 9, 2019 | Blog
When a person passes away, their beneficiaries may inherit a death benefit through a superannuation fund. Often, and as is the case with the majority of super funds, this death benefit is paid to the member’s legal personal representative (LPR), whom, if the person...
