by Quinns_News | Aug 2, 2017 | Blog
A travel allowance is a payment made to an employee to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight in the course of their duties. Generally, allowances folded into an employee’s salary or...
by Quinns_News | Aug 2, 2017 | Blog
Research and Development Arrangements Explained The ATO has released various taxpayer alerts this year in relation to arrangements that seek to exploit the Research and Development (“R&D”) tax incentive. The ATO is closely reviewing such arrangements to disallow...
by Quinns_News | Jul 26, 2017 | Blog
Top Tips 1. Invest in consistently profitable businesses. Ideally we want to reduce risk. We prefer to invest in companies with stable revenue and earnings. Generally companies with stable earnings tend to weather the storm better than those companies that have...
by Quinns_News | Jul 26, 2017 | Blog
Acquiring Authority The NSW Government and local councils, including state owned organisations may acquire land and interests in land for public purposes. The government and statutory bodies are often referred to as the ‘acquiring authority’. The acquisition may be in...
by Quinns_News | Jul 19, 2017 | Blog
Whether you invest in shares or property or any other asset your return on that investment is generally a combination of your income return i.e. the rent or the dividend or interest and the capital growth you realise on that investment. How to Invest Most investors...
by Quinns_News | Jul 19, 2017 | Blog
Understand Statutory Demand A statutory demand is a claim for a debt made by a person or company (creditor) against another company (debtor) for an amount over the statutory minimum as set out in the Corporations Act. A Statutory Demand must comply with certain...
by Quinns_News | Jul 19, 2017 | Blog
Know your Work-Related Expenses Work-related claims such as claims for car, travel, self-education and clothing expenses, represent one of the largest categories of claims made in individual tax returns. Around 8.5 million individuals claim work-related expenses on...
by Quinns_News | Jul 12, 2017 | Blog
By way of background since May 2007 it was common to increase the older person in the relationship superannuation balance at the expense of the younger spouse. Explaining your Spousal Balance Superannuation Let’s generalise and say for example you are born after 1965,...
by Quinns_News | Jul 12, 2017 | Blog
Recently, the Administrative Appeals Tribunal (‘AAT’) confirmed the Commissioner’s view that the description of the payment is not decisive when determining the superannuation guarantee (‘SG’) obligations; thus the taxpayer who reimbursed his employee for car expenses...
by Quinns_News | Jul 12, 2017 | Blog
An enduring power of attorney is a document that allows you to appoint someone to make personal or financial decisions on your behalf. In contrast to a general power of attorney, the enduring power of attorney remains effective even once you lose capacity (i.e. once...
