Latest News
The latest news in finance for McFillin Accounting.
Latest annual stats show the SMSF sector continues to grow
The ATO has released the 12th edition of their annual statistical overview on self-managed super funds (SMSFs). The overview provides key statistics and analysis of Australia's SMSF sector for the 2019–20 financial year. These statistics provide an indicator of the...
Benefits of eInvoicing
eInvoicing is the new way for businesses to exchange invoice information more efficiently, more accurately and more securely. With eInvoicing: suppliers won't need to print, post or email paper-based or PDF invoices buyers won't need to manually enter or scan invoices...
Loss Carry Back, full expensing extended to 30 June 2023
Companies with an aggregated annual turnover of up to $5 billion are eligible to carry back tax losses for the 2019, 2020, 2021 & 2022 financial years and offset it against tax paid in the 2019 or later income years. The release of the Federal Budget saw this...
Communication in the Workplace
“The single biggest problem in communication is the illusion that it has taken place.” George Bernard Shaw Good communication is vital in building and maintaining strong relationships across all levels of an organisation. Solid and clear lines of communication provide...
What is in the Federal Budget that affects you?
On Tuesday, 29 March 2022, Treasurer Josh Frydenberg handed down the 2022-23 Federal Budget. The Treasurer announced a range of cost-of-living measures, here are a few of our highlights. Deductibility of COVID-19 tests The government announced on 7 February...
Federal Budget Summary
Our friends at CPA Australia have provided a comprehensive summary of the 2022-23 Australian Federal Budget. Please click the link below to read the publication. CPA Australia Federal Budget Summary
Introducing the team March 2022
Interstate properties and land tax
On 16 December the Queensland Government announced amendments to land tax. The amendments relate to how land tax is calculated. This may apply to you if you own, or have an interest/share in, property in Queensland an in another Australian state or territory. The aim...
Scam Awareness Week
Scam Awareness week took place between the 08-12 November 2021 to encourage everyone to start a conversation about scams to reduce stigma and help people recognize a scam sooner, or prevent it from happening in the first place. According to the ACCC Scamwatch, scams...
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