by Quinns Blog | Apr 10, 2019 | Blog
The rules for claiming deductions for payments to workers are changing. From 1 July 2019, you can only claim deductions for payments made to your workers where you have met the pay as you go (PAYG) withholding obligation for that payment. Where the PAYG withholding...
by Quinns Marketing | Apr 3, 2019 | Blog
With the rise of social media and product review websites, many businesses might be the subject of online comments, good and bad reviews. It is something businesses must contend with and manage effectively in the course of their business operations. In a recent...
by Quinns Blog | Apr 3, 2019 | Blog
Last night, the Treasurer Josh Freydenberg delivered pre-election Federal Budget announcing that Australia is in surplus for the first time in 12 years. Key small business announcements in 2019-20 budget include: Instant asset write-off The Government has announced...
by Quinns_News | Feb 27, 2019 | Blog
Are you aware of the upcoming automatic deregistration date? Make sure to renew your 7-year now to avoid missing the PPSR registration expiry date. The Personal Property Securities Register (PPSR) is a national online register that allows businesses and lenders to...
by Quinns_News | Feb 27, 2019 | Blog
A trust may elect to be treated as a family discretionary trust and be able to enjoy numerous tax benefits such as the ease of distributing trust income freely to any beneficiaries listed in the trust, more relaxed tests for claiming tax losses, the ability to inject...
by Quinns_News | Feb 20, 2019 | Blog
The Corporations Act mandates that a person is disqualified from managing corporations if they are undischarged bankrupt under Australian law, its external territories or another country. This is further elaborated in the Act that a person is disqualified from...
by Quinns_News | Feb 20, 2019 | Blog
Last year, Shadow Treasurer Chris Bowen announced Labor’s view on tax reform and Budget repair. The opposition Labor Party has proposed a number of significant changes to the current tax arrangements. 1. Negative gearing Negative gearing refers to a situation where...
by Quinns_News | Feb 13, 2019 | Blog
Strata Title Scheme A strata title scheme is a building, or a collection of buildings, where the property that each individual owns is called a lot (for example, an apartment, villa or townhouse) and all the owners share ownership of and responsibility for the common...
by Quinns_News | Feb 13, 2019 | Blog
A payment or other benefit provided by a private company to a shareholder or their associate can be treated as a dividend for income tax purposes under Division 7A even if the participants treat it as some other form of transaction such as a loan, advance, gift or...
by Quinns_News | Feb 6, 2019 | Blog
The ATO is now focusing on share data and has further extended its data matching program. The ATO will use the information to identify taxpayers who have not properly reported the sale or transfer of shares as income or capital gains in their income tax returns. Over...
