by Quinns_News | Nov 16, 2016 | Blog
Whilst most of the changes to the superannuation legislation, proposed in the recent Federal Budget, take effect from 1 July 2017, it would be prudent to review their impact on your retirement strategy now. Are you 49 and over? The tax deductible superannuation...
by Quinns_News | Nov 9, 2016 | Blog
The Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016, received Royal Assent on 5 May 2016. It contains tax incentives to implement the Government’s “National Innovation and Science Agenda” by supporting innovation in Australian culture. It aims to support...
by Quinns_News | Nov 2, 2016 | Blog
All Australian residents and entities must meet their tax obligations. Australian residents are required to pay tax on worldwide income. Whereas foreign residents are required to pay income tax on all income that has its source in Australia. Below are the tax rates...
by Quinns_News | Nov 2, 2016 | Blog
The Australian Securities and Investment Commission (ASIC) requires businesses to inform them when a change occurs to any previously lodged details. ASIC provides an opportunity for companies to review their lodged details each year on their ASIC Annual Company...
by Quinns_News | Oct 26, 2016 | Blog
Generally deductions for business related expenses such as start up costs, business restructuring, the costs of defending against a takeover and the costs of ceasing business are eligible for deduction over a 5 year period. However, as of 1 July 2015 the Government...
by Quinns_News | Oct 26, 2016 | Blog
Bang for your buck There has been an emerging trend over the past two years where neighbours are getting together to sell their properties in a single lot (often called a ‘megalot’) to developers. This trend has been attributed to the government’s infrastructure...
by Quinns_News | Oct 19, 2016 | Blog
Many Australians would love to retire early but the reality is that their concerns about their financial position restricts them from realising this goal. The HSBC Future of Retirement survey found; 16% of Australians believe that they will never be in a financial...
by Quinns_News | Oct 19, 2016 | Blog
Recently the Australian Taxation Office (ATO) has increased its focus on businesses that are operating under a trust structure and as part of their business are undertaking property development activities. In some instances these business have been claiming a 50 %...
by Quinns_News | Oct 12, 2016 | Blog
In order to understand the tax obligations associated with your investments in Australia, the first step is to determine your residency status. It is important to remember that the standards used to determine your tax residency are different from those used by the...
by Quinns_News | Oct 12, 2016 | Blog
What are Director related Transaction Provisions? The unreasonable director related transactions provisions under the Corporations Act 2001 enables a liquidator to attack unreasonable transactions entered into by a company where there has been a payment, disposition,...
