by Quinns Blog | Mar 11, 2020 | Blog
Most people are concerned about the coronavirus activity going on right now, however, businesses should also be worried about the possible underpayment of professionals and other staff. In this article, we will examine the recent underpayment crisis and who has been...
by Quinns Blog | Mar 11, 2020 | Accounting News, Tax Advice and Updates
Fringe Benefits Tax (FBT) is a tax imposed on the employer. Where a benefit is provided by an employer (or associates of the employer) to its employees (or associates of the employee), FBT may be payable by the employer. For the employee receiving a benefit that is...
by Quinns Blog | Mar 4, 2020 | Blog
The owners’ corporation or body corporate is the body made up of all the owners in a strata scheme. It has the responsibility for: maintaining and repairing common property of the strata scheme managing finances of the strata scheme, including setting and...
by Quinns Blog | Mar 4, 2020 | Blog
In employment law, employees can be covered by a contract, agreement or a special type of industry-regulated agreement, known as an ‘award’. The term indicates a sense of congratulation and achievement, granting the employee special rights specific to their industry....
by Quinns Blog | Feb 26, 2020 | Blog
If you are a business looking to grow, it may be a good idea to consider changing your business structure. There are four main business structures: sole trader, partnership, company and trust, each with their own benefits for your business. In this article, we will...
by Quinns Blog | Feb 26, 2020 | Blog
Capacity is a key concept when it comes to forming testamentary intent and creating a will. It means that you have a sound mind and memory, with an understanding of what you are doing. If you lack testamentary capacity, your will is almost always considered invalid...
by Quinns Blog | Feb 19, 2020 | Blog
In the case of Reid and Commissioner of Taxation (2019), the Administrative Appeals Tribunal of Australia held that a taxpayer could not substantiate tax claims for car expenses using the ‘log-book’ method. The individual taxpayer worked for two employers as a...
by Quinns Blog | Feb 19, 2020 | Blog
As discussed in last week’s article on the risks of informal wills, having a formal document outlining your testamentary intentions is a very serious matter. Without a formal will, you can risk having your estate distributed in a way that does not align with your...
by Quinns Blog | Feb 12, 2020 | Blog
A recent case heard by the Federal Court has seen the Australian Taxation Office (ATO) successfully challenge the eligibility of a vacant block of land in relation to Capital Gains Tax (CGT) small business (SB) concessions. This poses foremostly negative implications...
by Quinns Blog | Feb 12, 2020 | Blog
A will, in essence, is a document detailing how you would like your estate (assets and liabilities) handled after you pass away. It is often considered quite important to have one; particularly if you have specific intentions of who and where you wish to transfer your...
