by Quinns Blog | Jul 8, 2020 | Accounting News, Blog
Promoters are always looking for new ways to exploit the law or changes in the law. They promote schemes to people and promise tax benefits that aren’t legally available. Tax avoidance schemes range from mass-marketed arrangements advertised to the public, to...
by Quinns Blog | Jun 29, 2020 | Accounting News, Small Business News
The package of legislation to modernise the business registers passed Parliament last week and awaits Royal Assent. As a result of the passage of this legislation, there will be a new Commonwealth business registry regime and registry functions under one Registrar –...
by Quinns Blog | Jun 12, 2020 | Accounting News, Newsletter Features
For tax and employment-related reasons, distinguishing your worker as an employee or independent contractor can be a difficult yet vital necessity. The below purposes all require a different definition of contractors and employees, entitling the worker to different...
by Quinns Blog | Mar 11, 2020 | Accounting News, Tax Advice and Updates
Fringe Benefits Tax (FBT) is a tax imposed on the employer. Where a benefit is provided by an employer (or associates of the employer) to its employees (or associates of the employee), FBT may be payable by the employer. For the employee receiving a benefit that is...
by Quinns Blog | Dec 15, 2019 | Accounting News, Newsletter Features
From 1 July 2017 (i.e. the 2018 financial year) investors have no longer been able to claim deductions for travel expenses relating to collecting rent from or for inspecting, maintaining or repairing residential premises used as rental properties, subject to certain...
by Quinns Blog | Dec 15, 2019 | Accounting News, Newsletter Features
Further changes are expected to be made to the small business CGT concessions. These particular changes are intended to be applied in relation to CGT events involving shares in a company or units in a trust and specifically outline changes to the existing active asset...
