by Quinns_News | Oct 11, 2017 | Blog
An informal will is a document which states the testamentary intentions of a deceased individual, but is not executed in accordance with the formal requirements for a valid will (e.g. not being witnessed correctly). Section 8 of the Succession Act 2006 allows the...
by Quinns_News | Oct 11, 2017 | Blog
If you work from home, you may be able to claim a deduction for some of your expenses relating to the area you use. Generally, you can claim the deductions depend on whether any of the following applicable: you have a work area – a room or area set aside primarily or...
by Quinns_News | Oct 4, 2017 | Blog
If you don’t need the cash generated from your small business, and you want to minimise your taxation liability you should consider contributing part of your profit into your superannuation fund. Changes to the rule. Prior to 1 July 2017 you were not entitled to claim...
by Quinns_News | Oct 4, 2017 | Blog
The Australian Consumer Law will protect small businesses from unfair terms in standard form contracts. What contracts are covered? The law applies to standard form contracts entered into or renewed on or after 12 November 2016, where: it is for the supply of goods or...
by Quinns_News | Oct 4, 2017 | Blog
The partitioning of land should not be confused with the subdivision of land. Partitioning means where land that is held jointly (whether as joint tenants or tenants in common) is transferred to one or more of the co-owners of the land. It involves the disposal by...
by Quinns_News | Sep 27, 2017 | Blog
Rising Rates Interest rates have been low for so long it’s tempting to think low rates are the new normal. So when the Reserve Bank suggests that a cash rate of 3.5 per cent is the new ‘neutral’, people take notice. Even the Prime Minister warned Australian...
by Quinns_News | Sep 27, 2017 | Blog
New Criminal Offences Attorney General Mark Speakman recently announced the commencement of new criminal offences to protect victims from intimate image abuse. Perpetrators now face a maximum sentence of three years jail and an $11,000 fine. Mr Speakman said the new...
by Quinns_News | Sep 27, 2017 | Blog
Discover your Long Service Leave Entitlements Pro rata means in proportion. For the purposes of Long Service Leave (LSL), a pro rata entitlement is a proportion of the entitlement the employee would have received if they had worked until the end of the period required...
by Quinns_News | Sep 13, 2017 | Blog
Australian tax law has strict regulations governing the debt-to-equity ratios of entities that have Australian and overseas operations. The purpose is to encourage a more equal allocation of income and debt in multinational companies and their associated entities....
by Quinns_News | Sep 13, 2017 | Blog
Spring is finally here and it’s not just nature showing signs of growth; the Australian economy is also bearing fruit. Spring Economy: Most of the top 200 ASX-listed companies have now announced their results for the 2017 financial year and the overall report card is...
