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...
