by Quinns_News | Dec 4, 2013 | Legal News
A trust must have the following key elements: • It must have a trust property; • It must have a trustee that holds the legal title to that trust property; and • It must have beneficiaries for whom the trustee is to manage and apply the trust property. A trust is a...
by Quinns_News | Dec 4, 2013 | Newsletter Features
Email marketing is often seen as a thing of the past, and with social media being all the rage, it’s easy to overlook email marketing for your business. Email marketing can be a great way to connect with clients and customers. It is cost effective and can even drive...
by Quinns_News | Nov 27, 2013 | Consumer News
The decision of the Supreme Court of NSW in Theoctistou v Theoctistou [2013] NSWSC 1487 is a reminder of the principles which the Court applies in determining whether to make an additional provision for an adult child out of a deceased estate. Anthony, the deceased’...
by Quinns_News | Nov 27, 2013 | Tax Advice and Updates
The Australian Taxation Office is targeting small practice accountants and lawyers who use discretionary trusts to minimise income tax. A discretionary trust, also known as a family trust, is one in which the trustee is given the power, or discretion, to decide who...
by Quinns_News | Nov 20, 2013 | Tax Advice and Updates
The Government has announced changes to the tax rates and threshold that will result in non-resident individuals who derive Australian source income paying higher average rates of income tax. In addition, non-residents will also be denied access to the capital gains...
by Quinns_News | Nov 20, 2013 | Small Business News
Need to Know Many business owners often ask if they are able to sell their business to a migrant. To answer simply, yes, you can. However, ownership of an Australian business will not automatically entitle the potential business purchaser to a visa. There is more to...
by Quinns_News | Nov 13, 2013 | Tax Advice and Updates
How does this Affect You? The ATO has advised that their small business benchmarks have been updated with data from the 2010/2011 financial year. Their benchmarks are updated annually using the latest available income tax data. Small business benchmarks are financial...
by Quinns_News | Nov 13, 2013 | Financial Planning News
At a recent presentation by the Assistant Commissioner, Superannuation in Melbourne he made the following comments; “During the past four years the number of SMSFs has grown rapidly. As at the end of June 2013, there were just over an estimated 509,000 funds, an...
by Quinns_News | Nov 6, 2013 | Consumer News
When a relationship falters, people can often be caught off guard and unable to think rationally due to the associated emotional pressures and burdens at the time of the fallout. It is therefore best to be prepared for the worst case scenario so that you do not...
by Quinns_News | Nov 6, 2013 | Small Business News
Having internal controls in your business are a necessary adjunct to a code of ethics, but systems that are poorly designed or go unmonitored allow fraud to go unnoticed. As a business owner, there are certain things you can do to reduce the risk of internal...
