by Quinns_News | Mar 22, 2017 | Blog
Many readers would be aware that Non Concessional Contributions (NCC), that is the non-tax deductible contributions, or transfers from your own bank account into your superannuation account will reduce from $180,000 to $100,000 from 1 July 2017. Superannuation...
by Quinns_News | Mar 22, 2017 | Blog
Deeds are documents that are often used to establish or vary trusts and self-managed superfunds. A deed may only be varied by another deed. Proper execution of a deed is crucial. Failure to properly execute a deed may lead to the desired action being ineffective. What...
by Quinns_News | Mar 22, 2017 | Blog
When you sell or otherwise dispose of an asset it is described as Capital Gains Tax (CGT) Event. This is the point at which you are deemed to have made a capital gain or loss. CGT is not a separate tax. What is CGT? A capital gain or capital loss on an asset is the...
by Quinns_News | Mar 22, 2017 | Blog
It is common practice for small business owners to pay business expenses such as insurance, telephone bills, stationery and parking fees on personal credit cards that accumulate “frequent flyer points”. These points may be later redeemed for a wide range of rewards...
by Quinns_News | Mar 15, 2017 | Blog
Divorce Grief A finder.com.au survey found that a whopping 47%, that’s right, almost 50% of people in the survey made a costly money mistake. Making their wealth suffer. The most common financial mistake was ‘divorce’. This was quantified at an average cost of...
by Quinns_News | Mar 15, 2017 | Small Business News
Have you ever wanted to be like one of the many YouTube sensations that become seemingly rich over night? Just remember that any income you receive as a result of your success may be considered as income if the Australian Taxation Office (ATO) determines you are...
by Quinns_News | Mar 15, 2017 | Blog
The companies incorporated under the Corporations Act 2001 are required to notify the Australian Securities and Investment Commission (ASIC) of any changes. Furthermore, there are severe repercussions for lodging a document with ASIC containing a false or misleading...
by Quinns_News | Mar 15, 2017 | Blog
The recent decision in the Western Australian Supreme Court (Allanson J) Blenkinsop v Blenkinsop Nominees Pty Ltd as Trustee for the Blenkinsop Family Trust [No. 2] is of significance as it discusses the role of a guardian/appointor under a discretionary trust deed....
by Quinns_News | Mar 8, 2017 | Blog
Many of us compare our financial circumstances or wealth to our colleagues, friends or peers. The problem with undertaking this comparison is that whilst we may have some idea of the assets that they own we generally have no idea of their debt or what their annual...
by Quinns_News | Mar 8, 2017 | Blog
In December 2016 the Treasurer of The Commonwealth of Australia Mr Scott Morrison presented the 2016/2017 Mid-Year Economic and Fiscal Outlook (MYEFO). MYEFO proposes a number of tax changes, one of which, allowing the Australian Taxation Office (ATO) to disclose to...
