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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
What Do You Need to Know About Tax and Your Workers? When it comes to your workers, it is essential to make sure that you have filled out all of [...]
What is the Fringe Benefits Tax? The Fringe Benefits Tax is a tax that is a part of the Australian tax system and one that exists on non-cash benefits that are a [...]
