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Quinn Group, Quinns, Michael Quinn, Quintessential Brief
September 2010
 

The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

Accounting

- Recent ATO Tax Initiatives

- The Basics of Payroll Tax and Grouping Provisions

Legal

- Bullying in the Workplace

- Setting Aside a Statutory Demand

Marketing  

- The Perfect Direct Mail Piece

- Managing your Domain Name

Small Business

- Telecommunications for SME's, More Choice - Lower Cost - More Complexity

- One Year on from the GFC - How SME Owners are Feeling

Featured Service

  - FREE Tax Record Kit & Business Tax Checklist

From the Desk

- From the Principal, Michael Quinn

At Quinns...

- Celebrations!

Important Dates

- Dates to remember this quarter

Staff Profile     - Amanda Cady

Client Spotlight

- VISION Lifestyle Projects Pty Ltd

 

The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

"Keeping the busy professional informed"

Welcome to the 2010 September edition of The Quintessential Brief. We've well and truly rolled into the new financial year, and it's good to see that we're also slowly rolling into warmer weather and sunnier days.

Financially speaking, we are anticipating some changes within the industry in light of the recent election, though exactly what changes will be employed remains to be seen. In other financial news; we look at the Income Tax reforms invoked by the ATO over the recent months that may impact on your 2009/2010 Tax Return as well as examine the rules governing Payroll Tax and the associated grouping provisions.

This quarter in legal news, we'll be looking at the laws involved in workplace bullying, and the protocol associated with receiving letters of statutory demand – specifically the course of action open to those who wish to dispute a statutory demand.

Richard Carter, a telecommunications consultant from Business Connections gives some advice to Small Business owners on the major telephony options currently available, and how to make the right telecommunications decision for your business. We also examine how the Small Business sector has recovered from the GFC, and how the outlook for Small Business is shaping up for the next two years.

Clarity Marketing has included some guidance on managing your domain name as part of your online marketing plan; which gives an insight into some of the aspects of online marketing that are often forgotten. We also discuss the advantages associated with direct mail outs and how they can assist you in achieving a number of your marketing goals.

We hope that you find the information contained in The Quintessential Brief beneficial. If there are any legal, tax, accounting or small business issues that you would like us to address in future editions, please contact us on 1300 QUINNS (784 667) or visit our website www.quinns.com.au and submit an online enquiry. You can also register online to receive the latest legal, accounting and financial news updates via our Weekly Client Alerts.

Regards
Michael

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

Recent ATO Tax Initiatives

The Australian Tax Office has a number of recent initiatives that may impact on your 2009-2010 Tax return. Please read our full article on recent ATO Tax Initiatives and consider whether they may benefit or affect your tax return or entitlements.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

The Basics of Payroll Tax and Grouping Provisions

Many businesses are required to pay Payroll Tax to the Office of State Revenue (OSR). Payroll Tax is a state-based tax imposed on wages that are paid or payable in the relevant state. Wages includes most payments for services made by an employer to employees, directors and contract workers who are deemed to be employees.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

Bullying in the Workplace

 

Bullying is any type of behaviour, or series of behaviours, that unfairly or unreasonably puts down, belittles, undermines, controls, abuses, scares, intimidates, excludes, offends or embarrasses someone. It is often quietly withstood by the victim because they aren’t certain that the experience constitutes bullying, or they don’t know their legal rights. Some important facts to remember about workplace bullying are outlined in our article:

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

Setting Aside a Statutory Demand

 

A statutory demand is a written demand made against a debtor company to pay its debt to the issuing creditor. Section 459E of the Corporations Act 2001 provides that a creditor may serve a company with a statutory demand for a debt (or debts) due and payable (the total of which must exceed $2,000). It allows a creditor to exercise its right to demand payment without the need to commence legal proceedings.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

The Perfect Direct Mail Piece

 

Clarity Marketing

 

While internet marketing has a lot to offer and is still new and exciting, it is important not to forget the tried and true traditional forms of marketing. Direct mail outs are a great form of advertising which can be personalised, making them much more appealing to individuals than a mass consumer piece. So, what can you do to create the perfect direct mail piece?

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

Managing your Domain Name

 

Clarity Marketing

 

When organising their online presence, many people can forget about the management of their domain name. Though the design and content of your website and web presence are crucial elements of any online marketing plan; there are some facets of domain management that are widely ignored and yet immensely important. Some essential pieces of advice include:

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

Telecommunications for SME's

More Choice - Lower Cost - More Complexity

 

Richard Carter

 

There can be no disputing that over the past two decades the range of telecommunications services available to business has blossomed. At the same time, the cost of these services has plummeted. Whilst this is very good news for business, it also has its challenges. The complexity of the choices has grown and even one of the oldest forms of telecommunications – telephone lines – has a wide range of options available. The five major types of telephony service available are as follows:

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

One Year on from the GFC - How SME Owners are Feeling

 

Small to medium enterprises (SMEs) were one of the hardest hit sectors during the Global Financial Crisis; and though there are signs of a solid return to growth and improved business performance, there is still a certain fragility attached to their confidence.

Recently a number of reports have been released regarding the state of SMEs and business confidence, and some of the significant findings include:

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

FREE Tax Record Kit & Business Tax Checklist

The new financial year brings with it significant changes to the tax system. With new exemptions being introduced, a multitude of perplexing figures and overwhelming paper work, it is understandable how tax time can become very confusing for tax payers. Generally speaking, anyone who earns over the tax free threshold during the course of a financial year, 1 July - 30 June, is required to submit an individual tax return to the Australian Tax Office.

In order to simplify the tax system and the processes involved in completing your individual tax return, The Quinn Group has introduced the FREE Tax Record Kit. The easy step by step guide will help you to gather all of the information and documents required to prepare your tax return.

Simply complete the tax record kit, send it back and for a fixed fee we will take care of the rest for you. Quinns has also catered to its business clients by introducing the FREE Business Checklist. This is a comprehensive checklist of all the things you need to take into account while preparing for your business’ tax return. It is a means of simplifying what quite often becomes a complicated, stressful and time consuming part of the year for many business owners.

Here at The Quinn Group we work hard to ensure that our tax clients are aware of what they can and cannot claim on their returns and we work with you to legally minimise the amount of tax that you are required to pay. For more information or to claim your FREE Tax Record Kit or Business Checklist visit our website www.quinns.com.au to submit an online enquiry. Alternatively call us on 1300 QUINNS (784 667) to book an appointment.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

 

Celebrations!

This quarter at Quinns we bid farewell to Steph, our marketing and client services coordinator and Ella from accounts. The team gathered to say goodbye at The Grand Hotel, just around the corner from our City office. We enjoyed drinks, a few laughs and some delicious snacks. At the same
time we welcomed our newest staff member, Lauren. Last quarter also marked another birthday for one of our Senior Accountants, Fiona, pictured here with Michael and Christine. Fiona, like a fine wine, you just keep getting better with every passing year!

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

24 September

NSW School Holidays Begin

30 September

PAYG annual statement due for lodgement

4 October

Labour Day public holiday

11 October

NSW School Holidays End

28 October

Quarter 1 (Jul - Sep 2010)

  • Quarterly BAS due

  • PAYG instalment due

  • GST instalment due

  • Superannuation guarantee contributions to be made.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

Name

Amanda Cady

Position

Office Manager

The best thing about being an Office Manager is...

It is never boring. There is always something new or different to do.

I love coming to the office everyday because...

Same answer as above! Also, my coworkers are a great bunch of people, it is always a pleasure to be around and work with them.

When I am not at the office my favourite thing to do is...

Relaxing and spending time with friends and family.

On my next holiday I am going...

Camping at Kangaroo Valley.

On my last holiday I went to... The Cook Islands, it was amazing. The friendly people and relaxed lifestyle were definitely things I could get used to.

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The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

The Quinn Group, a Sydney legal and accounting firm has a team of accountants and lawyers located across Sydney, Sutherland, Neutral Bay, Penrith and Penshurst who can address all of your legal and accounting needs and questions, or provide you with legal or accounting advice.

Peter Burgess

Name of your business?

Vision Lifestyle Projects Pty Ltd

What does your business do?

VISION Lifestyle Projects Pty Limited (“VISION”) provides guidance and support to developers and owners of retirement villages to ensure that their products achieve optimum results in the short and long term, through preliminary concept development, design, marketing and sales, provision of management systems and training or general support.

How long have you been operating?

7 years

What distinguishes your business from your competitors

VISION is a values-based business. We are quite selective in who we work with. Ultimately retirement villages are about the people living in them and it is important to us that our clients work towards that end. VISION understands the evolving needs and aspirations of the residents living in retirement villages and the importance of “future proofing” a development.

When I started this business I wished I'd known...

The most difficult thing in coming from a larger business to a small one was that it was necessary to get back on the tools. This distracts from the strategic aspects of building a business but was essential if we were to create a solid basis to move forward from. With the foundations now in place we can give greater focus to strategy and growth.

Best business advice anyone has given you?

An early mentor constantly reminded me of “the art of the possible”. Balancing idealism with realism is often quite difficult. He spoke about how it was important to have dreams but they also needed to be achievable.

What do you think the key to your success has been to date?

We have always held to our core values of balancing competing interests through culture, learning, improvement and appraisal.

 

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Disclaimer: The contents of this document titled "The Quintessential Brief" (the "Material") are provided as general information only. It is not intended to be given as advice and should not be relied upon as such. If you are concerned about any issue raised by the Material then you should seek your own professional advice. No warranty is given in relation to the accuracy, currency or completeness of the Material. No reader should act on the basis of any matter contained in this publication without first obtaining specific professional advice. Where applicable, liability is limited by the NSW Solicitors Scheme under the Professional Standards Act 1994 (NSW), and other relevant state legislation. The Quinn Group respects your privacy. Should you not wish to receive this newsletter in the future please contact us on 1300 784 667.