by Quinns Blog | Jan 22, 2020 | Blog
In October last year, the Treasury Laws Amendment (Combating Illegal Phoenixing) Act 2019 came into effect to target illegal phoenixing. Its’ rationale was to reduce ‘phoenix activity’, (where a deliberately liquidated company creates a new company in order to...
by Quinns Blog | Jan 22, 2020 | Blog
The recent Corporations Amendment (Proprietary Company Thresholds) Regulations 2019 increased the thresholds for determining whether a company is a large or small proprietary company for a financial year. This is an important alteration to the previous regulations,...
by Quinns Blog | Jan 15, 2020 | Blog
A restraint of trade in an employment contract refers to a clause applying typically when an employee leaves a business or company; it applies to post-employment. Essentially, it is an agreement that an employee will not do certain things against their employers’...
by Quinns Blog | Jan 15, 2020 | Blog
In late October last year, a law was ratified to allow the Australian Taxation Office (ATO) to disclose the tax debt information of businesses to registered credit reporting bureaus (CRBs). Notably, the legislation enables the ATO to only divulge tax debt information...
by Quinns Blog | Jan 8, 2020 | Blog
Previous to 1 April 2019, the Director Penalty Notice (DPN) scheme dictated that directors must report their superannuation within 3 months from the end of each quarter. This timing was applicable for both reporting and/or paying the superannuation amount for the...
by Quinns Blog | Jan 8, 2020 | Blog
It can be difficult to ascertain what is considered the most appropriate and proper time to suspend construction works. Whilst being a very effective method for construction workers to ensure that they do not accrue costs or make purchases for jobs that may...
by Quinns Blog | Dec 18, 2019 | Blog
The saying goes, ‘where there’s a will, there’s a way’ and in relation to the contesting of estates, this saying certainly proves true. The Succession Act 2006 (NSW) provides provisions for the dispute of wills and, being considered to be perhaps the most liberal...
by Quinns Blog | Dec 18, 2019 | Blog
On 5 December 2019 Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 (the Bill), which contains changes to extend the foreign resident capital gains tax (CGT) regime to deny foreign and temporary tax residents’ access to the CGT...
by admin | Dec 16, 2019 | Small Business News
With the start of a new year, undoubtedly comes the notion of resolutions and vowing to do something bigger, better or different to the year before. Despite what you might think, New Year resolutions are not just for personal goals like losing weight or spending more...
by admin | Dec 16, 2019 | Small Business News
Perhaps one of the biggest challenges for a business owner (let’s face it, there are many!) is staying motivated and focusing on being the best person, and business person, that you can be. This could mean being motivated to improve the business, motivated to...
