De-clutter your workspace to maximise efficiency Studies have shown that a cluttered office commonly reduces levels of productivity and your perceived level of professionalism; while it is said that clearing your office can help to clear your mind and focus on the tasks at hand. Chaotic work spaces can be overwhelming and cause anxiousness, so it makes sense that a clear, organised area has the potential to turn you into a calmer and more efficient worker. Take a look around your business's office or work space, if you see piles of papers and files (and maybe even yesterday's coffee cup) it is time to get organised and de-clutter.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, accounting, tax, law, small business news, business advice, workspace, clutter, efficiency, motivate employees URGENT - Important changes to Trust Law On 2 June 2011 legislation to enable the streaming of franked dividends and capital gains from trusts for tax purposes, as well as targeted anti-avoidance rules with relation to trust law, was introduced into parliament. It is important that all trustees are made aware of this as they may need to act immediately, in order to comply with the potential new laws. These likely changes have come as a result of the Bamford case last year, which raised questions about the ability for trusts to stream capital gains and franking credits to beneficiaries in a tax-effective way.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, accounting, tax, law, small business news, business advice, trust law, legislation, legal advice 5 Smart Investment Options Everyone wants to have a secure financial future, whether it is for your retirement, a back up plan or simply to get to that next stage in life. Regardless of why you are saving and investing your money, it is a good feeling to know you have funds should you ever require them. Below are five smart investment strategies that you can implement into your financial plans to potentially secure your future and grow your wealth.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, accounting, tax, law, investment options, investment advice, superannuation, property investment, investment property, financial future Payroll Tax Rebate Scheme - Jobs Action Plan The Jobs Action Plan targets the creation of 100,000 new jobs in NSW from July 2011 and gives businesses the incentive to employ new workers and expand their enterprises. The plan provides a payroll tax rebate of up to $4000 per employee for the first 100,000 new payroll tax paying jobs created in NSW on or after 1 July 2011. 40,000 of the new jobs will be prioritised for non-metropolitan areas of NSW with the remaining 60,000 in metropolitan areas.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, accounting, tax, law, payroll tax, tax advice, payroll tax rebate scheme, jobs action plan, eligibility Think Twice Before Going Guarantor Has a family member or friend asked you to be a 'co-borrower' or guarantee a loan for them? Before you say yes, think carefully - you could lose not only your money, but valuable assets such as your house or car.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, accounting, tax, guarantor, consumer advice, tips, guaranteeing business loans, loan contracts Changes to the Director Penalty Regime - URGENT action may be necessary The Government has released the draft legislation on how the new director penalty regime will operate. In some cases directors may be personally liable for company Superannuation and PAYG (Withholding) debts which are in existence before the amendments come into operation. Directors should take immediate steps to avoid, where possible, the imposition of personal liability.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, tax accountants, tax lawyers, accounting, tax, director penalty regime, director penalty notice, DPN, unpaid superannuation guarantee amounts Changes to NSW retail leases legislation The Retail Leases Act 1994, is the primary legislation which governs retail leasing in NSW. In January 2011 the NSW Government released a draft of the Retail Lease Amendment Bill 2011 in a bid to implement further amendments to the Act. It is highly important that all landlords and tenants of retail premises are aware of the impacts of these potential changes to the current retail leases legislation.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, tax accountants, tax lawyers, accounting, tax, nsw retail leases, retail leasing, retail outgoins, heads of agreement, Administrative Decisions Tribunal, ADT Steps in the Bankruptcy Process Bankruptcy occurs when an individual does not have enough money/assets to pay creditors or debt that is owed. If you find that you are unable to repay your debts, you can not just say that you are bankrupt. You must go through a formal process and be deemed eligible, and hence legally declare it; that is if the bankruptcy is voluntary.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, tax accountants, tax lawyers, personal bankruptcy process, how to apply for bankruptcy, bankruptcy notice application Thinking of Investing in Property? The decision over what type of property is the most beneficial, when it comes to investment properties, is one that has been debated for many years. Levels of capital growth, purchase prices, the amount of rent the property is expected to bring in and the current Australian economy are all factors that need to be taken into consideration.Keywords:
Michael Quinn, the quinn group, quinns, michael quinn, tax accountants, tax lawyers, how to invest in property, property investment, tips for property investment Keeping Good Financial Records The New Year is now in full swing and many business owners are resolving to make a fresh start with their business by creating and maintaining good financial records. It is vital that you keep records of the amount of money coming in and out of your business, as it can give an indication of how well your business is going.Keywords:
Michael Quinn, the quinn group, sydney accounting, taxation advice, legal advice, accounting and taxation specialists, keeping good financial records, record keeping advice, keeping bank records, keeping invoices The Importance of a Valid Will A Will is one of the most important documents that you will sign in your lifetime. Creating a valid Will is not as simple as most people think, and as a result we advise that it is not wise to utilise the 'home-made' or 'newsagents' Will. This document will state how you wish for you assets to be distributed after death, as well as other provisions such as the care of your children if they are under 18 and any other special requests. Simple mistakes, such as style of wording, signing incorrectly or not having the Will witnessed properly can cause a Will to be invalid.Keywords:
Michael Quinn, the quinn group, sydney accounting, legal advice, how to make a will, should i make a will, valid wills, writing a will, intestacy succession, importance of making a will, wills and estate matters
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