by Quinns_News | Jun 21, 2017 | Blog
The residency status of a company, regardless of whether it trades or invests in Australia, dictates the company’s Australian income tax obligations. Foreign resident entities are generally taxed in Australia on any income that has an Australian source. Australian...
by Quinns_News | Jun 21, 2017 | Blog
The margin scheme is a way of working out the GST one must pay while selling a property as part of a business. The margin scheme can only be applied if the sale of the property is a taxable supply. Margin Scheme Details Whether you can use the margin scheme depends on...
by Quinns_News | Jun 14, 2017 | Blog
The ASX 200 index at 31 May 2015 was 5,777 at 31 May 2017, two years later it was 5,724. So in two years the market has not improved, in fact it has declined by 53 points. Dividends Nonetheless, Blue Chip companies continue to pay healthy dividends, and those healthy...
by Quinns_News | Jun 14, 2017 | Blog
Phoenix companies are now the target of a coordinated interagency taskforce between the NSW Office of State Revenue and other state revenue bodies and the Australian Taxation Office. What is a Phoenix Company? A phoenix company is where a new company is created or...
by Quinns_News | Jun 7, 2017 | Financial Planning News
The wide-ranging superannuation reforms come into effect on 1 July 2017. With the changes come a series of issues that Trustees need to be across, even if they don’t immediately affect you or your fund: Understand the value of assets at 30 June At 30 June 2017, SMSF...
by Quinns_News | Jun 7, 2017 | Legal News
Will Rights Often people ask us to assist in accessing a copy of a Will of a deceased relative when the holder of the Will is refusing to provide it. In NSW, section 54 of the Succession Act 2006 details those who are legally able to inspect the Will of the deceased....
by Quinns_News | Jun 5, 2017 | Blog
Australia has always been a popular travel destination. Many holiday makers look for short-term affordable accommodation. Therefore, more and more Australians are now renting out all, or part of their residential property through a sharing economy website or app, like...
by Quinns_News | May 31, 2017 | Blog
Avoiding a Invalid Will If you have recently tied the knot, it is important that you update your Will. Failure to update your Will after marriage may result in your Will becoming invalid. If you fail to update your Will after marriage, the laws of intestacy may apply...
by Quinns_News | May 31, 2017 | Blog
In a recent case the Federal Court of Australia has handed down its decision that ride-sourcing is taxi travel. What is ride-sourcing? Ride-sourcing is an ongoing arrangement where: you (a driver) make a car available for public hire a passenger uses, for example, a...
by Quinns_News | May 24, 2017 | Blog
The 30th June is fast approaching, and this year is particularly important, as substantial superannuation changes take effect from 1 July 2017. Depending on your circumstances the following summarises a number of opportunities you should consider prior to 30 June....
