Latest News

The latest news in finance for McFillin Accounting.

 

Super Guarantee Amnesty

On 6 March 2020, the government introduced a super guarantee (SG) amnesty (the amnesty). The amnesty allows employers to disclose and pay previously unpaid super guarantee charge (SGC), including nominal interest, they owe their employees, for quarters starting from...

JOBKEEPER EXTENSION – Jobkeeper 2.0

On 21 July 2020, the Government announced that JobKeeper would be extended to 28 March 2021, but it will have reduced payments to employers and it will be harder to qualify receive it. All employers wanting to claim JobKeeper payments from 28 September 2020 will need...

Extended Instant Asset Write-Off

On the 12th of March as part of the COVID-19 Federal Government stimulus package, the instant asset write off was increased from $30,000 to $150,000. So any assets purchased after this date under this amount are eligible to be claimed as a full tax deduction provided...

SMALL BUSINESS COVID-19 ADAPTION GRANT PROGRAM

The Queensland State Government is extending the Small Business COIVD-19 Adaption Grant Program. As part of the Stage 2 Queensland Economic recovery plan, $100 million of funding is being made available to deliver a second round of grants, with half of this funding...

Covid-19 and Your SMSF

The end of any financial year is a busy time. For this financial year, the impact of COVID-19 on investment markets generally and the economy more broadly means trustees need to be even more thorough in their analysis and evaluation of their SMSF and retirement plans....

Queensland State Government Small Business Grant Program

The objective is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shut down restrictions announced by the Queensland Government to be able to adapt and sustain their operations. The available funding is $10,000 per...

JobKeeper Payment – Everything you need to know

The Australian Government has introduced the JobKeeper scheme to assist businesses affected by the Coronavirus. Below we have information for both employers, along with Sole Trades and other businesses which do not have employees. We request that you carefully review...

JobKeeper Payment

The Australian government have just announced another economic stimulus package to support employers and employees during the Covid-19 crisis. The JobKeeper payment is a Federal Government wage subsidy for businesses to pay workers.  Information for Employers...

Important Stimulus Package Update – as at 23 March 2020

Our Office – update Our office is remaining open to all queries. We are postponing face to face meetings, but will still be able to provide advice remotely via email, phone or video conferencing.   ATO Credit of up to $100,000 for PAYG Withholding This is an extension...

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07 3263 7030
Suite 3, North Park Business Centre,
6 Babarra Street, Stafford

PO Box 6133, Mitchelton, QLD 4053

tax@mcfillin.com

Sunshine Coast

07 5452 7811
1/134 Alexandra
Parade,
Alexandra Headland

PO Box 181, Mooloolaba QLD 4557

tax@mcfillin.com