Proposed Changes to Research and Development Tax Incentive
A proposal to change the R&D tax incentive from July 1 2018 was proposed in the recent Federal Budget. The changes are as follows: For companies under $20M If you [...]
Directors may be liable for GST
The treasury has released a draft legislation that may make a company director personally liable for Goods and Services Tax (GST). The Commissioner of Taxation may receive powers of making [...]
Will Some Australians Pay More for a Good Cause?
Dick Smith's nationalistic brand announces its closure in the same month that desperate farmers plead with the public to pay a few cents more for their dairy products. The question [...]
Law Holds Franchisors Responsible for Vulnerable Workers
The government has stepped in to protect workers following months of controversial headlines uncovering poor record keeping, questionable workplace practices and exploitation, underpayments, deception, and superannuation guarantee fraud by employers. [...]
Tax Myths Debunked
ATO to individuals: be cautious when it comes to believing popular myths about tax deductions. These include a $150 dollar deduction for laundry, $300 for work-related expenses, and 5,000km for [...]
Tax Payable Over the Next 7 Years To be Reduced
Here are some things you should know about the reduction of tax payable over the years. * With the passing of income tax legislation, a reduction in your tax payable [...]
New HELP Repayment Levels Now Implemented
All individuals with an accumulated (HELP) debt earning about $45,000 are now obliged to pay at least 1% of their income to the Australian Taxation Office (ATO). This is to [...]
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 [...]
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 [...]
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 [...]