by Quinns_News | Dec 13, 2017 | Blog
In Australia, the transfer pricing regime puts a significant burden on the entity to ensure that related party pricing is arm’s length and supported by appropriate documentation. If the amounts for the transactions do not comply with the arm’s length principle then...
by Quinns_News | Dec 13, 2017 | Blog
Further to removing the deductibility of travel expenses in relation to rental properties in the 2017-18 Federal Budget, the Commissioner has issued Draft Tax Ruling TR 2017/D6 which sets out the general principles for determining whether an employee can deduct travel...
by Quinns_News | Dec 6, 2017 | Blog
The ACCC has issued a warning to businesses charging excessive credit card fees. One large merchant has already been issued with four infringement notices and has paid $43,200 in penalties. New Rules The new rules, which came into effect from 1 September 2017, prevent...
by Quinns_News | Dec 6, 2017 | Blog
There is an upward trend of Australians making generous charitable gifts in their wills. However, there is a lack of awareness that gifts or donations made in wills to charities that classify as deductible gift recipients (DGRs), are not tax deductible. Therefore,...
by Quinns_News | Dec 6, 2017 | Blog
From the 2017 income year, the small business company tax rate has been reduced to 27.5%. Currently you are a small business entity if you are a sole trader, partnership, company or trust that: is carrying on a business for all or part of the income year, and has an...
by Quinns_News | Nov 29, 2017 | Blog
What effect does rising interest rates have on your investment in bonds? The Shadow Reserve Bank board member, Paul Bloxham, who is also HSBC’s Australian Chief Economist, was quoted in October as saying “What is becoming increasingly clear this month is that the...
