McKern News

It’s landed!

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As a firm we are constantly looking for ways we can improve the service we offer our customers and we are proud to announce the addition of accounting resources on the McKern Group App.  It is still completely free of charge and it’s available for iPhones, iPads and Android devices...

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Fly-in fly-out (FIFO) and Mining deductions

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Over the last few years we have seen a large increase in the number of FIFO (fly in fly out) workers and people employed in mining sites. Many mining employers pay a significant amount in allowances which consequently have seen an increased level of allowable deductions, and as such the industry has become a target of the Australian Tax Office (ATO) with many employees being subject to review and audit.  For this reason, see below for a guideline as to what type of expenses a FIFO worker can claim as a Tax Deduction.

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Motor Vehicle Deductions

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Motor Vehicle expenses are an item claimed as a deduction by many taxpayers and business operators and an issue that we receive many enquiries about. We have prepared a fact sheet to provide you with information on the types of expenses you can claim and the record that need to be maintained.

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