Latest News
The latest news in finance for McFillin Accounting.
Claiming for Travel Expenses
Itinerant "flexibility" not so flexible It is generally assumed that there is a degree of flexibility within the tax law over particular work travel claims that arise where the nature of the employment is deemed to be itinerant. If you do itinerant work (or have...
Building & Construction Industry – Taxable Payment Report
Taxable Payment Reports - Building & Construction Industry Businesses in the building and construction industry need to report the total payments they make to each contractor for building and construction services each year. You need to report these payments to...
In 2016 ATO is Targeting Work-Related Expenses
Work-Related Expenses - Are you Claiming Correctly Every tax season the ATO has a specific set of targets, and this year it's work-related expenses. The ATO hopes to expose individuals who deliberately rort the system. The Tax Office has implemented a new technology...
SUPERSTREAM
SuperStream - Are you compliant! What is SuperStream? Superstream has been introduced to ensure employer contibutions are paid in a consistent, timely and efficient manner. As an employer you are required to: send all contribution data electronically in a standard...
Private Health Insurance
PRIVATE HEALTH INSURANCE - HANDY INFO TO KNOW Many people don’t realise that they can enjoy the benefits of private health insurance for the same price or less then they have to pay in tax for not having private hospital cover. The Federal Government wants to relieve...
Individuals Tax Tips
Individuals Tax Tips – What are you eligible for? Do you know what tax deductions and offsets you may be eligible for? The following tips may help you legitimately reduce your tax liability in your 2016-17 return. Claim work-related deductions Claiming all your...
Small Business Tax Tips
Helpful Small Business Tax Tips The government's approved its proposed increase to the annual small business threshold to a turnover of up to $10 million from 1 July 2016 (previously only $2 million). Small businesses (sole traders, partnerships, companies and/or...
The benefits of XERO for your business
The benefits of XERO for your business By now you’ve most likely heard a thing or two about cloud computing in business. Many organisations have already made the switch, and for good reason. If you want your business to become more efficient, productive, and...
5 Reasons it’s a Good Idea to use a Professional for your Tax Return
5 Reasons it's a Good Idea to use a Professional for your Tax Return It’s nearing that time again…the end of the financial year. For most people, filing their tax return is one of those things that just keeps getting put off. At McFillin Accounting, we really know...
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