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Electricity is the new black. Gas and other fossil fuels are out. A new, limited incentive nudges business towards energy efficiency. We show you how to maximise the deduction! The small business energy incentive is the latest measure providing a bonus tax deduction...

The proposed objective of superannuation released in recently released draft legislation is: ‘to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and sustainable way.’   The proposed objective of...

What will the Australian community look like in 40 years? We look at the key takeaways from the Intergenerational Report.   The 2023 Intergenerational Report (IGR) is a crystal ball insight into what we can expect Australian society to look like in 40 years and...

Are you looking for experienced accountants on Brisbane's northside to help with your business or personal tax? At McFillin Accounting, we're confident our team of specialists are the right choice. Our team are accessible and ready to help with key challenges you may...

What a difference timing makes. A recent case before the Administrative Appeals Tribunal (AAT) is a reminder about the tax impact of the timing of employment income.   In this case, the taxpayer was a non-resident working in Kuwait. As part of his work, he was...

$1.7 billion paid out in fraudulent refunds, another $2.7bn in fraudulent claims stopped, around 56,000 alleged perpetrators and over 100 arrests to date. How did the TikTok tax scandal get out of control?   It was promoted as a victimless hack that delivered...

The tax implications and pitfalls of small-scale subdivisions You’ve got a block of land that’s perfect for a subdivision. The details have all been worked out with Council, the builders, and the bank. But, one important aspect has been left out; the tax implications....

In an Uber the other day, the driver revealed that he had become a driver to pay for his second mortgage.  He invested in property but with interest rates spiking, the only way he could hold onto the property was to earn additional income. His “day job” starts early...