Did You Know?

Self-managed super funds (SMSFs) have new reporting obligations. This is due to the new transfer balance cap measure and event-based reporting framework. The transfer balance account report (TBAR) that is used to report certain events is a separate form from the SMSF annual return (SAR). The TBAR enables the...

The Treasurer, Scott Morrison, handed down the Federal Budget 2018-19 last night.  We have outlined below the key budget items that may impact you: Personal Income tax changes The Government will introduce a 7 year, 3 step personal income tax plan as follows: Step 1 – Targeted tax relief...

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 Queensland persons who engage labour...

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...

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 McFillin & Partners...