by Quinns Marketing | Mar 18, 2021 | Accounting News, Tax Advice and Updates
Updated in March 2022 When it comes to taxation, Fringe Benefits Tax (FBT) has never been more complex. Due to the COVID-19 pandemic, it is becoming tricky to navigate, particularly regarding home office expenses and benefits. But what are fringe benefits and what is...
by Quinns Marketing | Mar 11, 2021 | Accounting News, Tax Advice and Updates
Calculating deductions for an income tax return generally means following the guidance of the Australian Taxation Office (ATO), legislation and rulings from the Commissioner of Taxation. According to this guidance, work-related deductions, such as the costs associated...
by Quinns Blog | Mar 11, 2020 | Accounting News, Tax Advice and Updates
Fringe Benefits Tax (FBT) is a tax imposed on the employer. Where a benefit is provided by an employer (or associates of the employer) to its employees (or associates of the employee), FBT may be payable by the employer. For the employee receiving a benefit that is...
by admin | Jun 29, 2016 | Tax Advice and Updates
The end of the financial year is nearly upon us meaning it’s tax time once again. In order to help you prepare for the new financial year, we have put together 25 tax tips to consider before June 30 2016. Our tax tips have something for everyone; so if you’re looking...
by admin | May 31, 2016 | Tax Advice and Updates
Recently the ATO increased focus on rental property deductions. You can claim expenses relating to your rental property but allowable deductions cannot be claimed in relation to a rental property unless the property is held for rental (genuinely available for rent) or...
by admin | May 31, 2016 | Tax Advice and Updates
A business’ liability for payroll tax is outlined in the Payroll Tax Act 2007 (NSW). As it is a state tax it is regulated and collected by the NSW Office of State Revenue (OSR) and not the Australian Tax Office (ATO). Payroll Tax threshold Payroll tax is applied to a...
