by Quinns_News | Dec 5, 2012 | Tax Advice and Updates
The law in regards to motor vehicle usage for work can be quite complex. Under certain circumstances you can claim a deduction for expenses that you incur in using your car for work. Regardless of what you may hear from friends and family, it is important to know you...
by Quinns_News | Oct 31, 2012 | Tax Advice and Updates
The Taxation Administration Act 1953 (TAA 1953) has been amended recently to provide the ATO with discretion to retain certain refunds to undertake integrity checks on claims. The amendment is outlined in section 8AAZLGA, which received royal assent on Wednesday 27...
by Quinns_News | Aug 22, 2012 | Tax Advice and Updates
Expenditure for repairs you make to your investment property may be tax deductible. However, the repairs must relate directly to wear and tear or other damage that occurred as a result of your renting out the property. Repairs generally involve a replacement or...
by Quinns_News | Mar 7, 2012 | Tax Advice and Updates
If you are an employer and have provided Fringe Benefits to employees over the course of the Fringe Benefits Tax year, from 1 April 2011 to 31 March 2012, you will be liable for FBT on those benefits. Eligible Fringe Benefits include: Allowing an employee to use a...
by Quinns_News | Mar 6, 2012 | Tax Advice and Updates
The prospect of undergoing an audit, whether an industry requirement or enforced by a government agency, can be a worrying thing. The team at The Quinn Group are able to assist you through the process of the audit, and answer any of your auditing related questions....
by Quinns_News | Feb 29, 2012 | Tax Advice and Updates
Payroll tax is imposed by the Office of State Revenue (OSR) on an employer’s liable NSW wages minus any threshold entitlement. As the majority of entities employ staff, payroll is usually one of their largest expenses. It can be of either a weekly, fortnightly,...
