by Quinns_News | Apr 9, 2024 | Accounting News, Small Business News, Tax Advice and Updates
The amount of tax debt owed by Australian taxpayers has doubled in just over 4 years! At the end of 2019, before the impact of COVID-19, the national tax bill was around $26 billion. As recorded at the end of 2023, that figure has jumped to over $56 billion in...
by Quinns Marketing | Mar 27, 2024 | Accounting News, Legal News
Land tax is handled by the relevant state government organisations in each Australian state. In New South Wales, land tax is administered by Revenue NSW. Similar to taxes regulated by the ATO on federal level, in New South Wales there are various land tax exemptions...
by Quinns_News | Mar 14, 2024 | Newsletter Features
As a business owner, it is your responsibility to determine whether you have provided fringe benefits to your employees during the course of the FBT year, and consequently, whether you are liable to pay FBT on those benefits. This includes fringe benefits provided to...
by Quinns Marketing | Mar 14, 2024 | Accounting News, Tax Advice and Updates
As is the case with most taxes in Australia, understanding Fringe Benefits Tax (FBT) and its applications seems to get more and more complex each year. Amendments and newly introduced items can make it difficult to navigate successfully. In addition to yearly changes,...
by Quinns Blog | Mar 10, 2024 | Blog
As a company director in Australia, it’s imperative to understand and fulfil your key duties to ensure the smooth operation and legal compliance of your company. Failure to do so can result in severe consequences – financially and legally – for both...
by Quinns_News | Mar 4, 2024 | Accounting News, Legal News
In the realm of estate planning and asset management, trusts are an invaluable tool for safeguarding assets and ensuring their effective distribution, in accordance with your wishes. However, creating a trust is only the initial step in a lifelong journey of effective...
by Quinns_News | Feb 19, 2024 | Accounting News, Small Business News
Cash flow serves as the lifeblood of any business. Encompassing the inflow and outflow of funds essential for day-to-day operations, investments, and growth initiatives – effective cash flow management is a crucial component in determining the success and...
by Quinns_News | Feb 12, 2024 | Blog, Tax Advice and Updates
We’ve compiled everything you need to know on the complex topic of capital gains tax (CGT) in one easy-to-find place. Capital Gains Tax is perhaps one of the most wide-ranging and complicated taxes in the Australian tax system. It has diverse applications in a...
by Quinns Marketing | Jan 23, 2024 | Legal News
The process of engaging contractors versus employees, and the payment obligations required for each arrangement, continues to be a complex area for business owners to navigate. While there are now some pretty clear guidelines in place as to the types of payments that...
by Quinns_News | Jan 19, 2024 | Tax Advice and Updates
The collection of payroll tax payments and carrying out payroll tax audits by Revenue NSW, are a significant source of revenue for the State Government. As outlined in previous budget announcements, the NSW Government has strong plans to return the State Budget to...
