Latest News

The latest news in finance for McFillin Accounting.

 

QLD New Labour Hire Licensing Laws

QLD New Labour Hire Licensing Laws

The Labour Hire Licensing Act 2017 (the ACT) will commence on 16 April 2018 to protect labour hire workers and safeguard labour hire providers that are ethical and responsible. Key features of the Act include: labour hire providers to be licensed to operate in...

Top 5 Tips in Relation to Fringe Benefits Tax

Top 5 Tips in Relation to Fringe Benefits Tax

The FBT year runs from 1 April to 31 March.  There have been some changes in the past few years and rates having moved from last year.  Now is the time to collate and prepare your FBT Return due for lodgement by 21 May 2018. Here are some tips which will help clarify...

Downsizing Contributions into Superannuation

Downsizing Contributions into Superannuation

From 1 July 2018, people who exchange a contract for sale of their main residence and are 65 years old or older may be eligible to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling their home. Please contact...

NOTIFIABLE DATA BREACHES SCHEME

NOTIFIABLE DATA BREACHES SCHEME

The Privacy Amendment (Notifiable Data Breaches) Act 2017 made its way through both houses of Parliament with bipartisan support and received Royal Asset on 22 February 2017. From 23 February 2018, the Privacy Act 1988 (Cth) will include a mandatory data breach...

New GST Rules Affecting Property Transactions

New GST Rules Affecting Property Transactions

Treasury has released draft legislation, which proposes a new process for the remittance of GST to the ATO for property transactions that relate to the supply of "new residential premises". Why the Changes? The purpose of these new rules is to shift the obligation to...

Single Touch Payroll

Single Touch Payroll

From 1 July 2018, if you have 20 or more employees, you'll need to use Single Touch Payroll-enabled software to report your tax and super information to the ATO. You'll need to report the following on or before your payroll pay day: employee payments such as salaries...

Paying Your Student Debts Back While Overseas

Paying Your Student Debts Back While Overseas

Do you have a student debt? Are you currently overseas or planning to travel? The Australian Government has recently made some changes to repayment rules, so here’s what you need to know to avoid falling foul of the law. If you have a Higher Education Loan Program...

Changes Ahead for Casual Employees

Changes Ahead for Casual Employees

If you employee casual staff or work as a casual employee, there could be changes ahead for you following the latest Fair Work Commission (FWC) review of Modern Awards. You have until August 2nd 2017 to make submissions on their proposal after which the FWC will make...

New 457 Changes

New 457 Changes

Do you plan to employ migrant staff? In this article we’ll cover how the latest announced changes to the 457 visa scheme affect you. The main changes are to the list of eligible occupations, English language requirements and training benchmarks. Let’s have a look at...

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