by Quinns Marketing | Jan 31, 2022 | Accounting News
Update: The Federal government has announced it will make COVID-19 tests tax-deductible for Australian individuals and exempt from fringe benefit tax (“FBT”) for businesses when they are purchased for work-related purposes. We are currently updating our...
by Quinns Marketing | Dec 7, 2021 | Accounting News, Blog
If you’re a sole trader, the owner of a small business or a not-for-profit organisation in NSW, you may be eligible for the NSW Small Business Fees & Charges Rebate that was announced by the NSW Government last year. If eligible, you must apply before 24...
by Quinns Marketing | Nov 22, 2021 | Accounting News
The Australian Taxation Office (“ATO”) are cracking down on taxpayers claiming small business Capital Gains Tax (CGT) concessions when they are not entitled to. If you’ve claimed one or more Small business CGT concessions incorrectly in recent income tax returns, you...
by Quinns Marketing | Nov 9, 2021 | Accounting News, Newsletter Features
When someone passes away, their tax obligations may not immediately cease. Importantly, a legal personal representative may need to lodge a date of death (final) tax return on behalf of the deceased person. You may also need to lodge any outstanding tax returns. In...
by Quinns Blog | Oct 25, 2021 | Accounting News, Blog
In an effort to combat illegal phoenix activity and fraudulent activity, the Australian Taxation Office (“ATO”) has introduced Director Identification Numbers (“Director ID”) to help prevent false or fraudulent use of director identities. What is Director ID? A...
by Quinns Blog | Oct 7, 2021 | Accounting News, Blog
When NSW reaches the 80% double vaccination rate, we’ll reach eased restrictions but we’ll also see the Federal Government end its contributions to the JobSaver payment. Lucky for many struggling employees and businesses, the NSW Government will continue to fund its...
