by Quinns_News | Mar 29, 2017 | Blog
The clock is ticking for investors who want to take advantage of the more generous tax concessions available in super this financial year. As of July 1, new rules come into effect that will reduce contribution limits. Until then, individuals can make a...
by Quinns_News | Mar 29, 2017 | Blog
Failure to lodge tax returns There has been a recent trend with the ATO heavily targeting taxpayers who have failed to lodge income and BAS tax returns over a period of time. From our experience this period commonly ranges from 2 years to 12 years for both individuals...
by Quinns_News | Mar 29, 2017 | Blog
If you provide fringe benefits to employees, you must keep the necessary Fringe Benefit Tax (FBT) records and work out whether you have to pay FBT. If you need to pay FBT, you must register for FBT, lodge an FBT return, pay FBT to the ATO and if required, report...
by Quinns_News | Mar 29, 2017 | Blog
As an employer you have an obligation to make 9.5% superannuation guarantee contributions on behalf of your eligible employees. Generally, you are required to pay super if you pay an employee $450 or more (before tax) in a calendar month. In January’s Media release...
by Quinns_News | Mar 22, 2017 | Blog
Many readers would be aware that Non Concessional Contributions (NCC), that is the non-tax deductible contributions, or transfers from your own bank account into your superannuation account will reduce from $180,000 to $100,000 from 1 July 2017. Superannuation...
