by Quinns_News | Nov 20, 2013 | Tax Advice and Updates
The Government has announced changes to the tax rates and threshold that will result in non-resident individuals who derive Australian source income paying higher average rates of income tax. In addition, non-residents will also be denied access to the capital gains...
by Quinns_News | Nov 13, 2013 | Tax Advice and Updates
How does this Affect You? The ATO has advised that their small business benchmarks have been updated with data from the 2010/2011 financial year. Their benchmarks are updated annually using the latest available income tax data. Small business benchmarks are financial...
by Quinns_News | Oct 30, 2013 | Tax Advice and Updates
On 9 October 2013, the ATO sent letters to all company directors that have unpaid superannuation guarantees amounts. The correspondence explains the obligations of directors and their personal risk when it comes to superannuation guarantee debts. Most directors...
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 | Mar 5, 2013 | Tax Advice and Updates
The ATO has a responsibility to ensure businesses and individuals adhere to their tax obligations. If you’re a small business owner, the prospect of an audit can be intimidating. Don’t panic, the key to surviving your business audit is to be prepared. When the ATO...
by Quinns_News | Jan 23, 2013 | Tax Advice and Updates
The ATO continues to identify people who deliberately avoid their tax obligations or who may not be declaring all their income. By obtaining data from the state and territory motor vehicle registering bodies, the ATO matches the data against taxpayer records to...
