by Quinns Blog | Sep 9, 2023 | Accounting News, Newsletter Features
Division 7A of the Income Tax Assessment Act 1936 (ITAA 1936) is intended to prevent private companies from making tax-free distributions of profits, or “loans”, to shareholders (or their associates). It is important to understand not only what is, and isn’t,...
by Quinns Blog | Sep 2, 2023 | Legal News, Newsletter Features
Not all trusts, and trust distributions, are created equal. There are many advantages and disadvantages to be considered for each trust structure and its appropriateness for your individual situation. One major consideration, that can be a positive or a negative, is...
by Quinns Blog | Feb 6, 2023 | Accounting News, Blog, Newsletter Features
With rising rates of relationship breakdown, it is a common occurrence that the transfer of ownership of various assets and property types take place as the separating parties seek to settle their affairs. In general, the transfer of property triggers a Capital Gains...
by Quinns Blog | Mar 7, 2022 | Blog, Small Business News
The 2022 New South Wales and Queensland floods have devastated businesses and communities in Australia. Thankfully, there are some financial lifelines and government support available to those in need. Government Measures for the New South Wales and Queensland Floods...
by Quinns Blog | Feb 21, 2022 | Blog, Employment and Human Resources News, Legal News
When engaging a contractor, there are a lot of considerations. Is your contractor able to complete your work in the desired timeframe? Are you better off hiring an employee? Is the worker truly a contractor, or does their work status change for different purposes...
