Power And Influence- The Other Business Influencer that can Make or Break You
Did a Kardashian really just wipe US $1.3bn off the share price of Snapchat? This tweet from Kylie might've just cost Snapchat billions... The power of influence on [...]
Tax Deductions: The Danger Zones
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines. How much deductions were claimed? - $22 billion worth to be exact. In Australia, tax deductions are available for [...]
Single Touch Payroll: What You Need to Know
Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For [...]
When Can You Take Your Super?
The cash sitting in your superannuation fund (super) can be tempting, particularly if you are short of cash. But the reality is, there are very few ways you can take [...]
$20k Accelerated Deductions for Small Business Extended Another Year
The ability for small business entities to claim an immediate deduction has been extended for another 12 months. This is for assets costing less than $20,000. Extension will be until 30 [...]
Legislation Restricting Access to the Small Business Company Tax Rate Reduction
80% or less of the entity's assessable income must be passive in nature to access the reduced company tax rate. The good news is that, unlike the Exposure Draft, the [...]
Changes that Occurred Since July 1
Take notes. July sure is a month full of changes. Individuals Personal tax bracket changes- The top threshold of the 32.5% personal income tax bracket has increased from $87,000 to $90,000*. Introduction [...]
Company Tax Change in Limbo
An issue that many business owners and investors will need to grapple with is uncertainty on the tax rate that applies to companies for the year ended 30 June 2018. The [...]
Femia LIVE CHAT
Team Femia is happy to announce that you can now reach us via our new LIVE CHAT feature! Femia LIVE Chat: Making Things Easier Making Things Easier Here at [...]
$10k limit on Cash Payments to Business
Cash Payment Limits One of the interesting approaches to tackling the black economy in the recent 2018-19 Federal Budget was the announcement of a $10,000 limit on cash payments to [...]