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On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it will remove the $450 per month threshold to expand coverage of super guarantee to eligible employees regardless of their monthly pay. This change is now law. From 1 July...

The FBT year is upon us…  Fringe Benefits Tax (FBT) relates to benefits provided to staff outside of their wages such as cars, housing, parking or meal entertainment. The FBT year runs from 1 April to 31 March and the tax is paid for by the employer irrespective of...

It has been common practice for employers to set-up superannuation accounts for employees who do not provide their superannuation account details. This practice has led to many employees having multiple superannuation funds and paying unnecessary fees on these...

Did you know the Australian Tax Office have a podcast. Tax inVoice is an easy way to keep updated about the latest tax and super information and how you can meet your obligations. You can listen on the ATO website here, or find it on platforms including Apple Podcasts...

A common part of running a business is hiring workers. Just like when you hire employees, when engaging contractors, there are important steps you must take to ensure you are meeting your business obligations. We have included below a simple checklist to follow when...

At McFillin our preferred accounting software is Xero. If you are not already familiar with Xero, you can learn more on their website here. Xero has many features available to make running your business easier. If you are new to using Xero, or already use Xero every...

2-Step Authentication (2FA) is that additional layer of security in your login process that provides a little extra peace of mind when it comes to protecting your accounts and identity from cyber breeches.  The favoured 2FA login option is obtaining the six digit code...

From November 2021, directors will need to verify their identity as part of a new director ID requirement. A director ID is a unique identifier that a director will apply for once and keep forever. It will help prevent the use of false or fraudulent director...

Cam Overs Director Cam is a driven person and works tirelessly, both in the office and at home with his wife Danielle and two children. His parents taught him to give 100% every time you do something, to never give up and no matter the result, get back out there and...