Latest News
The latest news in finance for McFillin Accounting.
Labor’s victory: unpacking the promises and priorities
As the Labor party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
Property subdivision projects: the tax implications
As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects. Before jumping in and committing to anything, it is important to understand the tax liabilities that might arise from these projects.
Instant asset write-off threshold finally confirmed
It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.
Year-end tax planning opportunities & risks – Businesses
Make the most of tax time with these key planning opportunities and watch-outs for businesses – from claiming deductions to avoiding ATO scrutiny.
Year-end tax planning opportunities & risks – Individual
With the end of the financial year fast approaching we outline some opportunities to maximise your deductions and give you the low down on areas at risk of increased ATO scrutiny.
Personal tax cuts
From 1 July 2026, personal income tax rates will change. On the last sitting day of Parliament, the personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed.
Super guarantee rules catch up with venues and gyms
The superannuation guarantee rules are broad and, in some circumstances, extend beyond the definition of common law employees to some directors, contractors, entertainers, sports persons and other workers.
The proposed ban on non-compete clauses
In the 2025-26 Federal Budget, the Government announced its intention to ban non-compete clauses for low and middle-income employees and consult on the use of non-compete clauses for those on high incomes.
A Guide to the 2025 – 26 Federal Budget
The 2025–26 Federal Budget includes a range of measures impacting individuals, families, businesses, and the broader economy. Download our Budget Guide to explore the key announcements and insights.
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