by Quinns Blog | Oct 16, 2019 | Blog
The ATO has reminded taxpayers that, if they run their home-based business as a company or trust, their business should have a genuine, market-rate rental contract with the owner of the property. The agreement will determine which expenses the business pays for and...
by Quinns Blog | Oct 16, 2019 | Blog
We are in the midst of the Fourth Industrial Evolution, the executive chairman of World Economic Form, Klaus Schwab, claimed in a 2015 article. Shcwab expects this era to be marked by breakthroughs in emerging technologies in fields such a robotics, artificial...
by Quinns Blog | Oct 9, 2019 | Blog
When a person passes away, their beneficiaries may inherit a death benefit through a superannuation fund. Often, and as is the case with the majority of super funds, this death benefit is paid to the member’s legal personal representative (LPR), whom, if the person...
by Quinns Blog | Oct 9, 2019 | Blog
The recent Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 (the Bill), is set to come into effect from 1 October 2019, is a part of the Government’s suite of tough new tax integrity measures targeting illegal phoenixing activity. While the Bill...
by Quinns Blog | Oct 2, 2019 | Blog
In accordance with new figures from the Australian Securities and Investments Commission (ASIC), NSW construction companies are rapidly folding due to a drastic decrease in building and a rising illegal trend known as ‘phoenixing’. The statistics demonstrate that 169...
