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...
by Quinns_News | Feb 7, 2018 | Blog
You may have noticed with my recent blogs where I have explained what drives business valuations up or down. In practice when buying or selling a business, the agreed price will often be subject to due diligence. What does due diligence mean? Well usually it’s...
by Quinns_News | Feb 7, 2018 | Blog
Are you about to enter a lease? If so, there are a number of documents that you should be provided, which include: 1. A copy of your lease – you should make sure that you are familiar with the terms of your lease prior to signing it. Not all leases are the same and...
by Quinns_News | Jan 31, 2018 | Blog
If you employ works in NSW, there are various legal requirements you need to be ware of and comply with in terms managing any injuries and illness that could arise in your business. The following provides a snapshot of some of these requirements. Workers Compensation...
by Quinns_News | Jan 31, 2018 | Blog
Obligations of a Bankrupt to disclose Although everyone should know that a Bankrupt has to disclose all their financial affairs including debts, income and assets to a Trustee in Bankruptcy, some bankrupt’s still try to avoid doing so and end up with significant...
