News

Getting super right is an important part of being an employer. Likewise, as an employee, ensuring your employer is correctly paying your entitlement in a timely manner is also something to be considered. Unfortunately, we often see that during a cashflow crisis in a business, whether it be a short or long term problem, ceasing paying employee...

For many of our clients, especially those in hospitality, restaurants/cafe and retail, the summer months and especially the Christmas/New Year period is extra busy. If you are seeking to hire extra workers for this busy holiday season, it is important to get a few things straight first so you are not left with any costly...

At Quantum Partners we lodge hundreds of tax returns each year for clients who own investment properties. These may be residential or commercial properties and either wholly owned, jointly owned or via partnerships, family trusts or SMSFs. Below is a summary of tips to manage those properties and ensure the optimum tax results come tax time and also...

In the interests of better protecting our client’s personal information and in saving time & paper, Quantum Partners has recently implemented DocuSign, a software solution to support instant sign-off on documents requiring your signature. Initially we intend to use this for Electronic Lodgement Declarations (ELD) for individual income tax returns. This is planned to commence...

The foreign resident capital gains withholding (FRCGW) regime has widespread implications for buyers and sellers of real estate in Australian, irrespective of whether you are resident of Australia for taxation purposes. Not fulfilling legal obligations in relation to a property transaction can result in heavy penalties for non-compliance. Recent legislative changes extended the rules that...

Many of our clients enter into commercial lease agreements to conduct the operations of their businesses, whether it be a café, restaurant, office space or factory and we have seen many clauses in commercial leases being overlooked which can come back to haunt you as the lessee. Entering into a commercial lease can be an...

The Competition and Consumer Amendment (Payment Surcharges) Act 2016 commenced on 25 February 2016. The Act inserts a new part into the Competition and Consumer Act 2010 (CCA) which bans excessive payment surcharges. The Standard applied to ‘large merchants’ from 1 September 2016, However, from 1 September 2017, this applies to all other merchants. Surcharges will be deemed excessive...

We often get asked by clients if they are required each year to lodge a tax return. This is especially true of those with low incomes or have recently retired. Under normal circumstances, if you earned $18,200 or less in the past financial year AND you had no tax withheld from that income, you might not be...