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 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 | 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_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...
by Quinns_News | Nov 18, 2023 | Legal News, Small Business News, Tax Advice and Updates
The ATO shows no signs of slowing down in its efforts to collect outstanding company tax debts, reportedly issuing an average of 60 DPNs (Director Penalty Notices) per day! As a company director, it is imperative to be acutely aware of your company taxation...
by Quinns_News | Oct 16, 2023 | Tax Advice and Updates
As the saying goes, “There’s only 2 certainties in life, death and taxes”. Separately, both can be costly, stressful and time consuming. And so when it comes to dealing with tax implications on estate planning, or in the unfortunate event of someone’s passing, there...
