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 [...]
Give us a Google Review!
If you enjoy the products and services that we offer or the expert advice that we provide, you might want to give us a review! It's easy! All you have [...]
Highest Earning Job Roles in Australia
The occupation with the highest average salary is a surgeon on $393,467. Second highest are anaesthetists, followed by internal medicine specialists, and psychiatrists. Legal practitioners came in seventh on an [...]
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 [...]
Are you holding back your business?
Overcoming the biggest problems in business often comes down to the simple things. Here are a few simple things you can do to capitalise on your opportunities and reduce your [...]
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 [...]
$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 [...]
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 [...]
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 [...]