Latest News
The latest news in finance for McFillin Accounting.
ATO Update on Inherited Homes: What it Means for Your Family’s Wealth
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes.
DPN Review: A Wake-Up Call for Business Owners on Personal Tax Risks
In 2024–25, DPNs skyrocketed by 136%. The stakes are high, and now the Tax Ombudsman is reviewing how the ATO issues and manages these notices- a development all directors should take seriously.
Downsizer Contributions and the Main Residence Exemption
When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules.
Holiday Homes Under the Microscope
Until recently, many owners assumed they could claim most of the usual deductions for the property without much trouble, as long as appropriate apportionments were made. However, that position is now under more scrutiny than ever.
Know the Rules Before You Break Them: Why SMSF Education Matters More Than Ever
Running, or deciding to set up a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities.
Super on Payday: Fundamental Changes for Employers
If you run a business, from 1 July 2026, there’s a major change coming that will reshape how you handle superannuation contributions for staff.
Super Tax Shake-Up: Big Balances Beware
For some time now the Government has been planning to introduce targeted measures to reduce tax concessions for those with superannuation balances over $3 million. This has commonly been referred to as the Division 296 tax.
Accessing superannuation funds for medical treatment or financial hardship
While super is most commonly accessed at retirement, death or disability, there are limited situations where earlier access may be possible.
Trust Resolutions – Why Timing and Evidence Matter
A recent decision of the Administrative Review Tribunal (Goldenville Family Trust v Commissioner of Taxation [2025]) highlights the importance of documentation and evidence when it comes to tax planning and the consequences of not getting this right.
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