by Quinns_News | Aug 22, 2012 | Tax Advice and Updates
Expenditure for repairs you make to your investment property may be tax deductible. However, the repairs must relate directly to wear and tear or other damage that occurred as a result of your renting out the property. Repairs generally involve a replacement or...
by Quinns_News | Mar 7, 2012 | Tax Advice and Updates
If you are an employer and have provided Fringe Benefits to employees over the course of the Fringe Benefits Tax year, from 1 April 2011 to 31 March 2012, you will be liable for FBT on those benefits. Eligible Fringe Benefits include: Allowing an employee to use a...
by Quinns_News | Mar 6, 2012 | Tax Advice and Updates
The prospect of undergoing an audit, whether an industry requirement or enforced by a government agency, can be a worrying thing. The team at The Quinn Group are able to assist you through the process of the audit, and answer any of your auditing related questions....
by Quinns_News | Feb 29, 2012 | Tax Advice and Updates
Payroll tax is imposed by the Office of State Revenue (OSR) on an employer’s liable NSW wages minus any threshold entitlement. As the majority of entities employ staff, payroll is usually one of their largest expenses. It can be of either a weekly, fortnightly,...
by Quinns_News | Feb 22, 2012 | Tax Advice and Updates
Capital Gains Tax (CGT) is the tax you pay on any capital gain you make, which you include in your annual income tax return. There is no separate tax on capital gains, it is a component of your income tax. You are taxed on your net capital gain at your marginal tax...
by Quinns_News | Feb 22, 2012 | Tax Advice and Updates
The Australian Taxation Office (ATO) and federal law enforcement agencies want to intensify their campaign against offshore tax evasion, with increased penalties and greater powers for investigators expected to be considered by the federal government this year....
