by Quinns Blog | Oct 21, 2020 | Legal News, Newsletter Features
The 2016 NSW Budget introduced a surcharge land tax (land tax surcharge) to be paid by foreign persons who own residential land. The State Revenue Legislation Further Amendment Act 2020 (the Act) received assent on 24 June 2020. This Act overrides any previous advice...
by Quinns Blog | Oct 21, 2020 | Accounting News, Newsletter Features
When there is a transfer of business, often an employee will ask the question: what are my rights? The good news is that your rights and obligations under Fair Work should not change: the National Employment Standards still apply. A new employer legally must recognise...
by Quinns Blog | Oct 14, 2020 | Blog, Newsletter Features
We at the Quinn Group often assist our clients in making written employment contracts. They are helpful in that they determine the boundaries and standards expected of the employment relationship and outline matters such as the employee’s role and payment. However,...
by Quinns Blog | Oct 14, 2020 | Legal News, Newsletter Features
Due to COVID-19, we are all utilising technology to keep in contact with others but also to perform the necessary duties and roles of our jobs. The question of witnessing documents electronically is one that needs to be clarified in this time of technological...
by Quinns Blog | Oct 14, 2020 | Accounting News, Blog, Newsletter Features
An individual will be a resident for Australian tax purposes if they satisfy one or more of the following tests as provided by the Income Tax Assessment Act 1936 (Cth.): The ordinary concepts test Domicile test 183 days test Superannuation test The first of these...
by Quinns Blog | Oct 12, 2020 | Accounting News, Newsletter Features
A nominee is a person, partnership or company that is entrusted to hold and administer shares or other property as the registered legal owner on behalf of the real owner (beneficial owner). The nominee holds the shares or property on trust and will have their name and...
by Quinns Blog | Oct 8, 2020 | Accounting News, Newsletter Features
The global nature of the business world in modern times has resulted in more and more people travelling overseas for work. The first and foremost tax consideration for those earning assessable income while they are overseas is whether they should still be classified...
by Quinns Blog | Oct 8, 2020 | Mergers & Acquisitions News, Newsletter Features
It is our view that an understanding of who a business’ customers or clients are and the risks associated with the business’ customer or client base (like the risks of customers not paying invoices or clients ceasing to engage the services of a business) should be...
by Quinns Blog | Oct 8, 2020 | Legal News, Newsletter Features
There are key differences to understand when it comes to put and call options in a property context. Essentially, an option is an enforceable right with respect to a property. An option is an agreement between a property owner and another for the owner to sell their...
by Quinns Blog | Oct 8, 2020 | Legal News, Newsletter Features
Estate planning for a blended family (i.e. a family in which a person has an existing spouse or partner and also children from a previous relationship) is important to ensure that all intended beneficiaries are provided for after you die and to minimise the potential...
