by Quinns Blog | Oct 12, 2020 | Accounting News, Newsletter Features
A nominee is a person, partnership or company that is entrusted to hold and administer shares or other property as the registered legal owner on behalf of the real owner (beneficial owner). The nominee holds the shares or property on trust and will have their name and...
by Quinns Blog | Oct 8, 2020 | Accounting News, Newsletter Features
The global nature of the business world in modern times has resulted in more and more people travelling overseas for work. The first and foremost tax consideration for those earning assessable income while they are overseas is whether they should still be classified...
by Quinns Blog | Oct 7, 2020 | Accounting News, Newsletter Features
In the matter of Hiremani v Commissioner of Taxation [2020] heard by the Administrative Appeals Tribunal, a taxpayer (Hiremani) lost $30,000 in tax deduction claims due to inadequate record-keeping. In this case, Mr Hiremani, an employee of Abacus Innovations...
by Quinns Blog | Sep 30, 2020 | Accounting News, Newsletter Features
‘Keeping it in the Family’: The Risks Family-run and owned businesses are common; with the trust and dependency of family members/employees working together to create a strong business team. However, there are some financial issues that can place strain on these...
by Quinns Blog | Sep 23, 2020 | Accounting News, Newsletter Features
The arrival of COVID-19 has not assisted the major problem of employers not paying superannuation to their workers. According to the Association of Superannuation Funds of Australia, around 650,000 Australians are affected each year by superannuation guarantee (SG)...
by Quinns Blog | Sep 16, 2020 | Accounting News, Newsletter Features
How can business owners and their advisors see the key warning signs of a business in financial or operational trouble? In this article, we will identify the key warning signs that a business could be in distress, including cash flow blockages, stressed relationships...
