by Quinns Blog | May 15, 2019 | Blog
Taxpayers, who rent part of their home, must declare the rental income in their income tax return. Several deductions for the associated expenses can be claimed, such as part or all of the interest on the home loan, a portion of water bills and so on. However, if...
by Quinns Blog | May 8, 2019 | Blog
In the recent case of Re. Marsella; Marsella v Wareham (No 2), Helen Marsella was the sole member of the Swanston Superannuation Fund. Her daughter, Caroline Wareham and Helen were the trustees of the fund. Helen died on 27 April 2016. On 17 April 2017, Caroline...
by Quinns Blog | May 8, 2019 | Blog
The ATO as released updated benchmark data to ‘help small businesses across the country….. gauge the strength of their business and keep an eye on their competition”. The benchmarks also help the ATO identify small businesses that may be doing the wrong thing and not...
by Quinns Blog | May 1, 2019 | Blog
Drivas v Jakopovic [2018] NSWSC 1803 In 2007, Marija Jakopovic made a will leaving 60 percent of her estate to her daughter, Branka, because of the daily attention to her needs. She received treatment from a neurologist for dementia, obtained a Mini Mental score...
by Quinns Blog | May 1, 2019 | Blog
There are many deductions for the taxpayer to claim in his/her Tax return during the financial year 2018. One of them is tax deduction for personal super contributions. You may be able to claim a tax deduction for personal super contributions that you made to your...
by Quinns Blog | Apr 24, 2019 | Blog
Once probate has been granted by the Supreme Court of New South Wales, an executor will not be able to renounce their position or delegate their duties to another person. However, an executor may appoint the NSW Trustee and Guardian or a trustee company to be executor...
by Quinns Blog | Apr 24, 2019 | Blog
Long service leave applies to most NSW employees who are full-time, part-time or casuals. Employees who have been working for the same employer for 10 years are entitled to 2 months (8.67 weeks) paid leave, to be paid at the employee’s ordinary gross weekly wage...
by Quinns Blog | Apr 17, 2019 | Blog
Ademption is a legal doctrine that applies where a gift made by a Will no longer exists at the Will maker’s (i.e. testator) date of death. Under this doctrine, such a gift will fail. Examples of specific gifts include identified property, motor vehicle, piece of...
by Quinns Blog | Apr 17, 2019 | Blog
What is Single Touch Payroll? Single Touch Payroll is the new way of completing employee’s wages, tax and super information to Australian Taxation Office from employer payroll or accounting software each time when the payroll is run, and employees receive their wages,...
by Quinns Blog | Apr 10, 2019 | Blog
Facts of the Case In the case of Reilly v Reilly, the Reilly family operated farming properties. The husband granted an enduring Power of Attorney to his wife. The husband then lost capacity through Alzheimer’s. Prior to the husband’s death, the wife transferred one...
