by Quinns_News | Jun 19, 2024 | Accounting News, Small Business News, Tax Advice and Updates
On Tuesday, June 18, 2024, NSW Treasurer Daniel Mookhey presented the 2024-25 NSW State Budget. With an $11.9 billion shortfall from this year’s GST distribution, the 2024-25 NSW State Budget focuses on essential expenditures while avoiding large-scale...
by Quinns_News | Jun 11, 2024 | Accounting News, Tax Advice and Updates
As the end of the financial year approaches, business owners face a series of crucial tasks to finalise their financial and taxation obligations for 2023-24 FY and prepare for the new financial year. With the 30 June deadline approaching, there are two key items that...
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 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_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...
