by Quinns Blog | Jun 24, 2020 | Uncategorized
Do you want to appoint a trustee as a beneficiary of a discretionary trust? There are facts you should be aware of. Under the legislation, the trustee of a trust may be a person or a company (a corporate trustee). In either case, the trustee must be legally capable of...
by Quinns Blog | Jun 24, 2020 | Uncategorized
Only use this method if you are a sole trader or partnership (where at least one partner is an individual) claiming for a car. On this page: This method Rates How you use this method This method The cents per kilometre method: uses a set rate for each kilometre...
by Quinns Blog | Jun 17, 2020 | Uncategorized
The Australian Taxation Office (ATO) recognises that the community has experienced significant challenges this year. The ATO’s support and guidance should make tax time easier, particularly where new circumstances mean that people are receiving a different type of...
by Quinns Blog | Jun 17, 2020 | Uncategorized
Last week the Design and Building Practitioners Act 2019 (the Act) and the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (the RAB Act) passed NSW Parliament. The following information provides a brief overview of the new laws. We will...
by Quinns_News | Jun 15, 2020 | Newsletter Features, Small Business News
As a result of the COVID-19 pandemic, a lot about our lives changed almost overnight. Often, we didn’t know what to expect or what was going to happen next. Thankfully, our community, our country and the economy can now slowly start to repair. Whilst it is great to be...
by Quinns Blog | Jun 12, 2020 | Legal News, Newsletter Features
Poor performance is a difficult issue to bring up with employees, and in the current COVID-19 crisis it can be a challenging area to navigate should you as an employer wish to dismiss your underperforming worker. Many employers have held up performance management...
by Quinns Blog | Jun 12, 2020 | Legal News, Newsletter Features
What is a Restraint of Trade Clause? 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...
by Quinns Blog | Jun 12, 2020 | Financial Planning News, Newsletter Features
$20 Billion in unclaimed super, that’s a hell of a lot of super. That works out at $2,265 per every working Australian. If 50% of the working population have unclaimed super that’s $4,530 each. Say 10% $22,650 per person. If that money was invested now imagine what it...
by Quinns Blog | Jun 12, 2020 | Accounting News, Newsletter Features
For tax and employment-related reasons, distinguishing your worker as an employee or independent contractor can be a difficult yet vital necessity. The below purposes all require a different definition of contractors and employees, entitling the worker to different...
by Quinns Blog | Jun 10, 2020 | Uncategorized
The personal services income measures (the PSI rules) aim to provide similar tax treatment for personal services income (PSI), whether derived by an employee or a contractor. They also aim to prevent certain taxpayers from ‘alienating’ their PSI to another entity....
