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...
by Quinns_News | Aug 27, 2024 | Accounting News
Is more than half of your income generated from a contract due to your personal efforts or skills, rather than from the use of assets, selling goods, or a business structure? If so, your income is considered Personal Services Income (PSI). What is Personal Service...
by Quinns_News | Aug 26, 2024 | Accounting News, Blog
Businesses and companies in Australia must meet various reporting requirements to comply with a range of regulations and necessities. The preparation and presentation of financial accounts are guided by the Australian Accounting Standards, which are developed by the...
by Quinns Marketing | Aug 22, 2024 | Legal News
Did you know there’s much more to effective Estate Planning than just creating a Will? Estate Planning involves preparing and executing various tasks that allow for the management of an individual’s financial, legal, and medical affairs in the event of incapacitation...
by Quinns_News | Aug 5, 2024 | Blog
The Taxable Payments Annual Report (TPAR) for payments made to contractors in the 2023-24 financial year is due by 28 August 2024. Certain businesses and government entities that make payments to contractors may be required to report these payments and lodge a TPAR...
by Quinns_News | Jul 29, 2024 | Accounting News, Legal News
Purchasing a business is an exciting opportunity, but it carries significant risks and consequences if not approached with the right advice and information. While professional one-on-one advice tailored to your situation is irreplaceable, here are some key...
by Quinns_News | Jul 22, 2024 | Accounting News, Blog, Tax Advice and Updates
Navigating the complexities of tax obligations can be challenging for taxpayers, especially when it comes to lodging objections against tax assessments. The Australian Taxation Office (ATO) provides clear guidelines on how taxpayers can lodge an objection outside the...
by Quinns_News | Jul 8, 2024 | Blog, Employment and Human Resources News, Legal News, Small Business News
The national minimum wage is the base rate of pay for employees working ordinary hours. This rate is usually determined by the industrial instrument applicable to their employment, such as a modern award or a registered agreement. Every year, the Fair Work...
by Quinns_News | Jun 27, 2024 | Accounting News, Consumer News, Uncategorized
1 July 2024 marked an important date for changes to superannuation (commonly referred to as super) rates and rules, including the increase to the Superannuation Guarantee (SG) rate and super contribution caps. As an employer, it is crucial to stay informed about...
