by Quinns_News | May 24, 2017 | Blog
What is a Director Loan Account? A Director Loan Account is when you withdraw money from your company that is not a part of your salary, an expense or a dividend and the amount is more than you have invested into the company. You must keep a record of all the funds...
by Quinns_News | May 24, 2017 | Blog
Non-resident foreign persons generally need to apply for and receive foreign investment approval before purchasing any residential property in Australia. Forced to sell Australian residential properties Recently the Treasurer has ordered the forced sale of a further...
by Quinns_News | May 17, 2017 | Blog
Know your Superannuation Changes The following is a brief list of 5 important issues concerning superannuation that you need to consider prior to 1 July 2017. 1. Review your account balance on your superannuation fund and the account balance of your spouse....
by Quinns_News | May 17, 2017 | Blog
Effective estate planning is crucial to ensuring that a deceased person’s hard earned wealth is distributed effectively to the intended beneficiaries in a tax efficient manner. A testator’s failure to plan in advance may mean that a significant portion of their...
by Quinns_News | May 17, 2017 | Blog
An employer needs to ascertain their obligations to their employees in the event that a business has to temporarily close as a result of a natural disaster or emergency. Employers need to be aware of the industrial instrument their employees fall under (i.e. award,...
by Quinns_News | May 10, 2017 | Blog
Retirement Savings With the changes to the superannuation laws from 1 July 2017 most pre retirees are concerned that they will outlive their retirement and investment assets in retirement. Others are concerned that they only will have two choices. they either downsize...
by Quinns_News | May 10, 2017 | Blog
It is prudent for testators, executors and beneficiaries to be aware of the Capital Gains Tax (“CGT”) implications for deceased Estates. Effective tax planning can have a significant bearing on the amount of tax paid by the Estate and/or beneficiaries. What is CGT?...
by Quinns_News | May 10, 2017 | Blog
On 9 May 2017, the Treasurer, Mr Scott Morrison, handed down his second Federal Budget. The Budget focuses on gradually returning to surplus over the medium term. It contains significant changes for small businesses, superannuation and the property market. Budget...
by Quinns_News | May 3, 2017 | Blog
Breaking down Non Concessional Contributions In the latest superannuation changes the government has made amendments to Non Concessional Contributions (N.C.C.) to superannuation funds. Non Concessional Contributions (N.C.C.) are those contributions that we make to our...
by Quinns_News | May 3, 2017 | Blog
Property Purchasing Entering into an option to purchase property is a good way for individuals and developers to purchase property at an agreed price in the future in the hope that the property price increases, whether by market forces or by making rezoning and...
