by Quinns Blog | Aug 26, 2020 | Accounting News, Newsletter Features
Division 7A applies to loans, payments and the forgiveness of loans by private companies to a shareholder or shareholder’s associate. The Division can also apply when a trust distributed income to a company but the trust has yet to pay the distribution i.e. there is...
by Quinns Blog | Aug 18, 2020 | Legal News
New South Wales land held and purchased by a ‘foreign person’ is subject to the surcharge duties being the surcharge purchaser duty and surcharge land tax. A ‘foreign person’ includes individuals, corporations and trusts who are foreign. The State Revenue Legislation...
by Quinns Blog | Aug 18, 2020 | Accounting News
There are many things to look out for during tax time, but one thing that is mentioned far too little is that of tax considerations regarding trusts. In this article, we will delve into trusts and how to ensure you meet the ATO’s compliance requirements. It is...
by Quinns Blog | Aug 12, 2020 | Uncategorized
The new financial year often brings with it vital changes. This year in particular, (2020/2021) brings with it new minimum wages, national unfair dismissal regulations and tax thresholds/rates, as will be explored in this article. The annual wage review of the Fair...
by Quinns Blog | Aug 12, 2020 | Accounting News, Blog
The Personal Property Securities Register (PPSR) is a national register enabling businesses to secure their interests over tangible and intangible assets such as transportation, intellectual property, licenses and shares. It commenced in January 2012, with a maximum...
by Quinns Blog | Aug 5, 2020 | Blog, Employment and Human Resources News
Employers Beware of Unfair Dismissal The Case of Anderson v Theiss Pty Ltd [2014] FWC Material Facts Mr Anderson was dismissed from his employment following a work email he sent which was considered to be offensive to people of the Islamic faith. There were policies...
by Quinns Blog | Aug 5, 2020 | Blog, Employment and Human Resources News
The Fair Work Commission (FWC) and Fair Work Ombudsman (FWO) have both played an active role in the response to the COVID-19 pandemic. They have worked to vary modern employment awards to accommodate the need for flexibility and understanding in the workplace; as has...
by Quinns Blog | Jul 29, 2020 | Uncategorized
A recent matter heard in the High Court has left the issue of shadow directorship ‘out of the shadows’ in ASIC v King [2020] HCA 4. The concept of shadow directorship derives from the definition of ‘officer’ in the Corporations Act: “an officer of a corporation means...
by Quinns Blog | Jul 22, 2020 | Blog, Legal News
For the construction industry, adapting to COVID-19 has meant strict hygiene and safety practices have had to be implemented into everyday work. Below, we have delved into some of the key issues facing the construction industry now. Shortage of Skilled Labour Force In...
by Quinns Blog | Jul 22, 2020 | Blog, Employment and Human Resources News
For employees not covered by an employment award, changes implemented in the Miscellaneous Award 2020 from 1 July may have a considerable impact. The coverage of the Miscellaneous Award was previously limited to those who were in an industry that had a modern award...
