by Quinns_News | Feb 27, 2013 | Accounting News
Purchasing an investment property has long been popular: being both a rewarding financial move and a beneficial experience. Notably, for all investors – from the seasoned property investor, first timers to the sporadic investor – purchasing an investment...
by Quinns_News | Feb 27, 2013 | Accounting News
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...
by Quinns_News | Feb 20, 2013 | Legal News
Under the Fair Work Act, the National Employment Standards (NES) sets out 10 minimum conditions of employment for workers. It has brought significant change to the Australian employment landscape. The 10 matters covered by the NES are: Maximum weekly hours of work An...
by Quinns_News | Feb 20, 2013 | Accounting News
In today’s tough economic climate, a troubled business may call upon an independent expert for financial help in an attempt to remain operational. This process is known as Voluntary Administration. What happens when a business is in voluntary administration? During...
by Quinns_News | Feb 13, 2013 | Consumer News
Although a power of attorney or guardianship is a difficult topic to discuss, it is an essential conversation you must have. A power of attorney is a document whereby one person (called ‘the principal’) authorises another (called ‘the attorney’) to act on his or her...
by Quinns_News | Feb 13, 2013 | Accounting News
On 28 November 2012, the Crimes Legislation Amendment (Serious Drugs, Identity Crime and Other Measures) 2012 received royal assent. This Act increases the value of a penalty unit from $110 to $170 and requires the value of a penalty unit to be reviewed every three...
by Quinns_News | Feb 6, 2013 | Consumer News
Investing in residential and commercial property for professionals and business owners is proving to be a popular self managed super fund strategy thanks in part to the change in borrowing rules and superannuants moving away from listed trusts, shares and managed...
by Quinns_News | Feb 6, 2013 | Accounting News
In Australia, businesses are required to charge a Goods and Services Tax (GST) at the rate of 10% on nominated goods and services that they supply to customers. The GST payable is included in the price paid by the recipient of the goods and services, and the supplier...
by Quinns_News | Jan 30, 2013 | Accounting News
At first instance, many people would presume that the answer to this residency question is a straight forward yes or no answer. However, given the ease and increasing prevalence with which companies and trusts now conduct international business and other transactions...
by Quinns_News | Jan 30, 2013 | Accounting News
The ’45 Day Rule’ Details In order to be eligible to claim the benefit of a franking credit attached to a dividend payment, an investor must have held the share in question “at risk” for at least 45 days continuously. This rule aims to prevent investors...
