by Quinns_News | Mar 7, 2018 | Blog
Until 2010, the Corporations Act 2001 allowed directors to pay a dividend to shareholders if sufficient profits or retained earnings existed (in the current year). Surprisingly, the Act did not specifically require directors to consider the company’s solvency at the...
by Quinns_News | Feb 28, 2018 | Blog
Things to Consider Are you considering investing in Bitcoin? If so, be aware of the following potential traps. 1. Assets purchased by a SMSF must be in the name of the Trustee and on behalf of the SMSF. The problem here is that a bitcoin wallet is a prerequisite for...
by Quinns_News | Feb 28, 2018 | Blog
Employees resigning from your organisation to work for a competitor, or to start up their own enterprise, can pose a serious risk to your business, in terms of the valuable business information they have acquired while working for you. While it is important for you to...
by Quinns_News | Feb 28, 2018 | Blog
Are your Windows Safe? If you are an owner in a strata property, are you aware that owners and owners corporations have an obligation to have window complying safety devices installed on all applicable windows by 13 March 2018. Windows affected are those that are...
by Quinns_News | Feb 21, 2018 | Blog
The legislation allowing first home buyers to save for a deposit on their home via their superannuation contributions has been passed by Parliament. Need to Know This legislation is otherwise known as “The First Home Super Saver Scheme”(FHSSS). From 1 July 2018, a...
by Quinns_News | Feb 21, 2018 | Blog
Know the Difference An executor is a person who has the responsibility of collecting a deceased’s assets, paying any debts and then distributing the assets to the beneficiaries. A grant of probate is a legal document which enables the executor to manage the estate of...
by Quinns_News | Feb 21, 2018 | Blog
On 8 February 2018, The Coalition Government released exposure draft legislation and explanatory material for public consultation related to integrity improvements to the small business capital gains tax (CGT) concessions. The small business CGT concessions measure...
by Quinns_News | Feb 14, 2018 | Blog
From 1 July 2018, when Australians aged 65 and over sell their home they have owned for at least 10 years, they can contribute up to $300,000 from the proceeds into their superannuation account. Where a couple downsize they can each take advantage of this strategy...
by Quinns_News | Feb 14, 2018 | Blog
When you sell a retail business, if the business is subject to the transfer of the lease, you will also need to assign or transfer the lease to the purchaser of your business (proposed tenant). In effect, the purchaser of the business buys the business and takes over...
by Quinns_News | Feb 14, 2018 | Blog
The vacancy fee is part of the Government’s comprehensive housing affordability plan that was announced on 9 May 2017. This measure is intended to encourage foreign owners of residential dwellings to make them available for rent where they are not used as a...
