by Quinns_News | Sep 24, 2014 | Accounting News
The majority of clients seek advice regarding day-to-day business transactions. There is a fundamental difference between tax planning and tax evasion. Tax planning is a legitimate practice aimed to minimise tax liabilities through activities that are allowed under...
by Quinns_News | Sep 17, 2014 | Accounting News
The Director’s Penalty Regime (‘DPR’) was introduced in 1993. The main objective of the DPR is to ensure that directors cause their companies to meet the relevant tax obligations or promptly put the company into administration or liquidation. Initially, directors...
by Quinns_News | Sep 17, 2014 | Accounting News
If you are a foreign or temporary resident or the trustee of a foreign trust, you are subject to CGT if a CGT event happens to a CGT asset that is taxable Australian property (TAP). Under the Income Tax Assessment Act 1997 (Cth) (ITAA97) CGT assets that are taxable...
by Quinns_News | Sep 9, 2014 | Accounting News
The distinction between “employee” and “independent contractor” is crucial for many areas of tax, super and other government obligations. The ATO requires businesses to keep records to support the decision of whether your worker is an employee or contractor and the...
by Quinns_News | Sep 3, 2014 | Accounting News
In recent times the state revenue offices have increased their audit activities in the payroll tax area, particularly with respect to grouping and contractor payments. For payroll tax purposes, businesses may be grouped with other businesses if there is a link between...
by Quinns_News | Sep 3, 2014 | Accounting News
Whilst keeping up to date with your employment contracts, rental agreements and insurance payments may not be at the top of your ‘to do’ list, letting them expire can not only leave your business open to heartache but can also have serious consequences directly...
