by Quinns_News | May 29, 2013 | Financial Planning News
From 31 May 2013, the federal government will have the power to claim funds from inactive bank accounts that have not been in use for the last three years. All bank accounts that hold more than $1 and have not had any deposits or withdrawals during this time frame...
by Quinns_News | May 29, 2013 | Financial Planning News
Before conducting business with anyone, it is very important to know who you are dealing with and what type of business you are dealing with. If the legal entity name and type of business structure is not clearly established prior to conducting business, the chance to...
by Quinns_News | May 22, 2013 | Financial Planning News
In April 2013, the Australian Financial Review reported that the Australian Tax Office (ATO) was chasing up debts owed by directors. The ATO has now issued warning letters to directors of companies that have unpaid Pay As You Go (PAYG) withholding amounts and unpaid...
by Quinns_News | May 8, 2013 | Financial Planning News
In a surprising turn of events, the AAT recently held in Confidential and Commissioner of Taxation [2013] AATA 76 that the date of disposal of a CGT asset occurred on the date that the Heads of Agreement was executed, rather than the date when the Contract for sale...
by Quinns_News | May 1, 2013 | Financial Planning News
Australians love to combine their need to fund their retirement with their love for property. If you have a Self Managed Super Fund (SMSF), residential and commercial property are quickly becoming the fastest growing investment assets within this structure. The...
by Quinns_News | Apr 10, 2013 | Financial Planning News
A company does not need to be insolvent in order to be wound up; they can apply for voluntary liquidation instead. The winding up can be initiated through either the members or the creditors under s491 of the Corporations Act 2001 (the Corporations Act), that is...
