by Quinns_News | Jun 6, 2018 | Blog
Fail to plan – plan to fail When it comes to personal finances and ways to build your wealth it seems that everyone has an opinion – and a preferred pathway for wealth accrual. The fact is there is no one-size-fits-all approach to generating wealth and setting...
by Quinns_News | Jun 6, 2018 | Blog
Claims against your Estate There are strategies you can use to help reduce the likelihood of successful claims against your estate. The effectiveness of each strategy will depend on your individual circumstances. Some of these strategies will be outlined below. The...
by Quinns_News | Jun 6, 2018 | Blog
With housing prices remaining in the spotlight and amidst the constant calls for government action, the federal government announced in its 2017-18 Budget that it would provide an additional incentive for investment into affordable housing by extending the operation...
by Quinns_News | May 30, 2018 | Blog
An action can be taken against the executor in the Supreme Court. An executor’s duties are to preserve, protect and administer the estate diligently so where an estate has suffered waste as a result of deliberate or negligent actions on the part executor this will...
by Quinns_News | May 30, 2018 | Blog
Audits We often get asked about the types of audits we undertake. There are many type of audits and the ones we undertake include: Compliance audit. This is an examination of the policies and procedures of an entity or department, to see if it is in compliance with...
by Quinns_News | May 23, 2018 | Blog
Self Managed Super Fund If you work overseas for more than 2 years with the intention of staying longer your SMSF may lose its concessional tax status. Many executives receive a transfer or a posting overseas. In many cases they are not clear on how long the posting...
by Quinns_News | May 23, 2018 | Blog
Land Tax is payable on the taxable value of all land situated in NSW and is charged on land as owned at midnight on the 31st December each year. Land Tax is payable by the owner of the land on all land owned by that owner in NSW which is not exempt. Joint owners of...
by Quinns_News | May 23, 2018 | Blog
Audit Noun: 1. an official examination and verification of accounts and records, especially of financial accounts. 2. a report or statement reflecting an audit; a final statement of account Verb: 1. To make an audit of; examine (accounts, records, etc) for purposes of...
by Quinns_News | May 16, 2018 | Blog
On 18 December 2017, the Australian Taxation Office (ATO) published a guidance on the application of the Diverted Profits Tax (DPT) measure which can potentially apply to any ‘significant global entity’ (SGE, multinational entities with annual global income of A$1...
by Quinns_News | May 16, 2018 | Blog
When making a Will it is crucial that the Will maker has testamentary capacity to ensure that their Will is valid. The case of Bank v Goodfellow (1870) outlines the test to determine testamentary capacity, which is as follows: the Will maker understands they are...
