by Quinns_News | May 27, 2015 | Consumer News
Think before you Buy There are a number of issues which an individual looking to purchase an off the plan property must be aware of. One of the issues involved with purchasing a property off the plan is that the contracts are usually lengthy and can be extremely...
by Quinns_News | May 20, 2015 | Tax Advice and Updates
Division 7A is an integrity measure aimed at preventing private companies from making tax-free distributions of profits to shareholders (or their associates). In case where the Division 7A has been breached, the improperly distributed profit is deemed to be assessable...
by Quinns_News | May 20, 2015 | Accounting News
When you share the ownership of a capital gain tax (CGT) asset with others, you need to establish what each owner’s share or interest in the asset is. How to establish individual assets Individuals who own an asset as tenants in common (TIC) may hold unequal interests...
by Quinns_News | May 13, 2015 | Consumer News
The Government is currently discussing what changes should be made to the Significant Investment Visa (“SIV”) regime. Statistics indicate that up until 31 January 2015 there have been 2,075 lodged expressions of interest, which has resulted in 651 visas being issued....
by Quinns_News | May 13, 2015 | Small Business News
What is a WHS Management Plan? A Work Health & Safety (WHS) Management Plan is a written plan that describes the arrangements for managing various site safety management matters. The WHS Management Plan is prepared by the principal contractor prior to commencing...
by Quinns_News | May 13, 2015 | Consumer News
The 2015-16 Federal Budget focuses on small businesses with aggregated annual turnover of less than $2 million. 1. Small business · CGT-roll-over for small business restructures From 01 July 2016 small businesses with an aggregated annual turnover of...
by Quinns_News | May 6, 2015 | Accounting News
The recent Federal Court case demonstrated that transferring a Capital Gains Tax (CGT) asset to a trust may trigger a CGT event and, consequently, gives rise to CGT liabilities. In this case the taxpayer transferred land to a joint venture trust for the purpose of...
by Quinns_News | May 6, 2015 | Consumer News
Partners should think very carefully before guaranteeing a loan. If you guarantee your partner’s loan this will mean that you are responsible for the repayments of the debt if he or she defaults. If the borrower fails to repay the loan then you as guarantor may end up...
by Quinns_News | Apr 29, 2015 | Legal News
In March 2014, there was a major amendment and update to the Privacy Act 1988 (Cth). The original legislation was enacted in 1988 with the aim of protecting personal information. However, the original Act never foresaw the internet era in which individuals are sharing...
by Quinns_News | Apr 29, 2015 | Consumer News
By way of background in 2007 the Australian Government allowed superannuation funds to borrow under strict conditions. As a result of this legislation, executives, professionals and family owned businesses have chosen to purchase direct property as their investment of...
