by Quinns_News | Jun 1, 2025 | Uncategorized
From 1 July 2025, taxpayers will no longer be able to claim a tax deduction for interest charges imposed by the Australian Taxation Office (ATO). This significant change, now enacted into law, alters a long-standing feature of the income tax landscape and may impact...
by Quinns_News | May 13, 2025 | Uncategorized
As the 2024–25 financial year draws to a close, now is the perfect time to review your finances and make sure you’re prepared for tax time. Whether you’re a business owner, investor, or individual taxpayer, nobody wants to pay more tax than necessary. At...
by Quinns_News | May 6, 2025 | Uncategorized
As the 2024–25 financial year draws to a close, business owners must take key steps to finalise their financial and tax obligations by 30 June 2025. Among the most critical actions are: Making Trustee Resolutions, and Managing Division 7A Loan implications. Failing to...
by Quinns Blog | Apr 29, 2025 | Blog
Foreign Resident Capital Gains Withholding (FRCGW) is a tax measure introduced by the Australian Government to ensure that foreign residents meet their capital gains tax obligations when they sell certain Australian assets. It places the responsibility on the...
by Quinns_News | Apr 23, 2025 | Uncategorized
With the end of the financial year fast approaching, now is the time to explore how expert tax planning can help you reduce tax liabilities, strengthen your financial position, and make strategic financial decisions. Many people view tax planning as just another...
by Quinns_News | Apr 23, 2025 | Blog, Newsletter Features
As an employer, it is your responsibility to determine whether you’ve provided any fringe benefits during the FBT year, and whether FBT is payable as a result. This applies not only to benefits provided to employees but also to directors, their relatives, and yourself...
by Quinns_News | Apr 23, 2025 | Uncategorized
What’s new in this FBT year? From 1 April 2024 (FBT year ended 31 March 2025), for certain benefits, employers will have a choice to use existing records in place of statutory evidentiary documents, such as travel dairies or employee declaration. The Fringe Benefits...
by Quinns_News | Oct 1, 2024 | Blog
Most individual taxpayers in Australia are required to lodge an income tax return each year. The lodgment period runs from 1 July to 31 October for the previous financial year. However, if you use a registered tax agent, you may be eligible for an extended deadline...
by Quinns Blog | Oct 1, 2024 | Accounting News, Newsletter Features
Every Australian taxpayer is required to either lodge an annual income tax return or notify the Australian Taxation Office (ATO) if a return is not necessary. If a taxpayer fails to meet this obligation, the ATO may issue what is known as a “default...
by Quinns_News | Sep 19, 2024 | Consumer News, Legal News
What is a testamentary trust? A Testamentary Trust is a trust established under a Will, which only comes into effect after the testator’s death. A Testamentary Trust operates differently to a regular Will as a it includes a Testamentary Trust Deed which governs...
