by Quinns_News | Aug 30, 2022 | Accounting News
Owning rental property is a popular choice for investment and generating additional income. When administered correctly, there are many benefits to be had from owning rental properties, including tax benefits and deductions. Australia’s income tax system is based on...
by Quinns_News | Jul 19, 2022 | Accounting News, Legal News
As the NSW State Government seeks to recover funds after the increased challenges of the past couple of years, the 2022-23 NSW State Budget included a number of proposed measures for increasing revenue, as well as changes to the way some current practices are defined...
by Quinns Marketing | Jun 27, 2022 | Accounting News, Small Business News, Tax Advice and Updates
The start of the new 2022/23 financial year is just days away. And with the new year comes new changes and obligations. It’s also time to start wrapping up and reporting on what happened in the previous year. Here’s some of the important things you need to know, and...
by Quinns Marketing | May 31, 2022 | Accounting News
As we look to the future, and incrementally increase the amount of superannuation paid to Australian workers, 1 July 2022 is the next date for further superannuation changes to come into effect. As an employer it is important to make sure that you are aware of the...
by Quinns Marketing | May 25, 2022 | Accounting News
Earlier this year, the Australian Tax Office (ATO) released a package of draft advice and guidance products focusing on trust entitlements arising out of reimbursement agreements and unpaid present entitlements (UPEs) of trust beneficiaries. That’s section 100A (s....
by Quinns_News | May 17, 2022 | Accounting News
When you sell real estate for more than you bought it for, you make a capital gain. Ordinarily, capital gains form part of your income tax, essentially increasing the tax that you are required to pay. There are however, certain types of assets that are exempt from...
