by Quinns Blog | Sep 2, 2020 | Accounting News, Newsletter Features
At the Quinn Group, we deal with a lot of small to medium-sized enterprises (SMEs). With approximately 2.3 million SMEs in Australia, this is a large demographic of businesses. Most SMEs alarmingly, do not have any protection from a business structure and so it is...
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 | 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 | 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 | Jul 14, 2020 | Accounting News, Blog
Recent reform and the inception of illegal phoenixing legislation has targeted illegal phoenixing practices. Receiving royal assent on 17 February 2020, the Treasury Laws Amendment (Combatting Illegal Phoenixing) Act 2020 is now in force and provides such regulatory...
by Quinns Blog | Jul 14, 2020 | Accounting News, Blog
Capital Gains Tax (CGT) is a tax on the profit realized on the sale of a non-inventory asset such as property, real estate or stocks. In relation to wills, it is important to note that this tax can come into play when beneficiaries seek to vary gifts granted to them...
