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...
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 | 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...
