by Quinns_News | Aug 16, 2017 | Blog
For retirees and pre-retirees, the government recently announced changes to superannuation allowing you to downsize your home and contribute part of the proceeds from the sale into your superannuation fund. This strategy may be attractive for people who are in...
by Quinns_News | Aug 16, 2017 | Blog
Payroll tax is applied to a business’s New South Wales (NSW) taxable wages that exceed the payroll tax threshold. The payroll tax threshold for 2018 financial year is $750,000. An employer is required to pay 5.45% payroll tax on taxable wages above this threshold. The...
by Quinns_News | Aug 9, 2017 | Blog
Accessing Superannuation To access your superannuation, prior to retirement, under the ATO’s financial hardship provisions you must satisfy the following conditions; 1. you cannot meet your day to day family living expenses, and 2. you have been receiving government...
by Quinns_News | Aug 9, 2017 | Blog
Stamp Duty Surcharge The 2016 NSW Budget introduced a surcharge purchaser duty (stamp duty) on the purchase of residential real estate by foreign persons from 21 June 2016. The surcharge is in addition to the stamp duty payable on the purchase of residential property....
by Quinns_News | Aug 9, 2017 | Blog
Using Testamentary Trusts Estate planning allows testators to exercise a higher level of control over the distribution and management of their wealth to beneficiaries. Testamentary trusts are an effective estate planning tool because of their ability to protect assets...
by Quinns_News | Aug 2, 2017 | Blog
A travel allowance is a payment made to an employee to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties. Generally, allowances folded into an employee’s salary or...
by Quinns_News | Aug 2, 2017 | Blog
Research and Development Arrangements Explained The ATO has released various taxpayer alerts this year in relation to arrangements that seek to exploit the Research and Development (“R&D”) tax incentive. The ATO is closely reviewing such arrangements to disallow...
by Quinns_News | Jul 26, 2017 | Blog
Top Tips 1. Invest in consistently profitable businesses. Ideally we want to reduce risk. We prefer to invest in companies with stable revenue and earnings. Generally companies with stable earnings tend to weather the storm better than those companies that have...
by Quinns_News | Jul 26, 2017 | Blog
Acquiring Authority The NSW Government and local councils, including state owned organisations may acquire land and interests in land for public purposes. The government and statutory bodies are often referred to as the ‘acquiring authority’. The acquisition may be in...
by Quinns_News | Jul 19, 2017 | Blog
Whether you invest in shares or property or any other asset your return on that investment is generally a combination of your income return i.e. the rent or the dividend or interest and the capital growth you realise on that investment. How to Invest Most investors...
