by Quinns_News | Nov 24, 2015 | Legal News
The recent amendments to the Home Building Act have now explicitly indicates that sub-contractors works are subject to the statutory warranties. The Act states that the subcontractor is subject to the following: (a) a warranty that the work will be done with due care...
by Quinns_News | Nov 24, 2015 | Accounting News
The Treasurer announced in the 2015/16 Budget that the methods used for calculating work-related car expense deductions under Div.28 of the ITAA 1997 would be simplified and modernised. An exposure draft of the amendments has been released for public consultation....
by Quinns_News | Nov 24, 2015 | Legal News
In order to determine the benefits of a testamentary discretionary trust it is necessary to understand what it actually is. What is a Testamentary Trust? Generally, a trust is an ownership structure where the assets of the trust are held by one party (the trustee) for...
by Quinns_News | Nov 24, 2015 | Accounting News
Tips to Reduce your CGT Liability All assets you’ve acquired since tax on capital gains started (on 20 September 1985) are subject to CGT unless specifically excluded. When you sell or otherwise dispose of an asset it’s called a CGT event. This is the point at which...
by Quinns_News | Nov 24, 2015 | Consumer News
The unique benefits of Exchange Traded Funds (ETF) appeal to investors and SMSF members. What is an Exchange Traded Fund (ETF) ETF’s are investment funds that trade just like stocks. They are referenced via a ticker on an exchange such as the Australian Securities...
by Quinns_News | Nov 24, 2015 | Accounting News
Recently, as part of the ATO Enforcement and Recovery Processes, the Australian Tax Commissioner, Mr. Chris Jordon emphasised the importance of paying tax and superannuation to enable the Australian society and economy to continue to thrive. He also promoted the...
by Quinns_News | Sep 2, 2015 | Consumer News
What is strata insurance? Residential strata insurance is a type of general insurance which covers common property under the management of a strata title or body corporate entity. Owners of strata titles usually share the cost of the strata insurance premium as part...
by Quinns_News | Sep 2, 2015 | Accounting News
The directors of a company should be aware that in certain circumstances they may be held liable for the liabilities of the company. This includes the situation where the company is acting as trustee of a trust. This is particularly relevant for directors with...
by Quinns_News | Aug 26, 2015 | Accounting News
Get a Fair Settlement Even the most amicable divorce is an unhappy experience for those involved, but when you consider the impact of divorce on your retirement savings things become even more difficult. Although superannuation is technically treated as property...
by Quinns_News | Aug 26, 2015 | Accounting News
Here are the Updates The ATO has finally announced via an article on its website that, from 1 July 2015, there are new rules for the tax treatment of employee share schemes, including tax concessions for start-up companies. The employee share scheme changes allow...
