February 12th 2020
The ATO has announced following the success of its lifestyle assets data-matching program that it will be requesting a further 5 years of insurance policy data. Currently the program has data for the..
February 13th 2020
21 Dec 2019 November 2019 Monthly Activity Statement due for lodgement and payment 25 Dec 2019 Merry Christmas! 15 Jan 2020 Lodgement of 2019 Income Tax Returns for Large and Med..
March 19th 2020
Ensure your Tax Deduction for payments to Workers From the 2020 income tax year, an employer must comply with all PAYG withholding obligations or the income tax deduction will be denied. In order to..
February 13th 2020
Depreciating Deductions for Rental Properties When you purchase a rental property, you are generally treated for tax purposes as having bought a building, plus various separate items of ‘plant’. ..
February 14th 2020
LMITO was recently passed by parliament and became legislation effective for the year ended 30 June 2019. The tax offset reduces the amount of tax otherwise payable by an individual and any unused ..
February 14th 2020
The next half yearly rate change for fuel tax credits due to indexation commenced on 5 August 2019. The fuel tax credit rates change regularly so it is important to keep good records to support a c..
March 19th 2020
With the introduction of STP, employees will now be able to access year to date tax and superannuation information through their personal myGov account. In addition, the year end PAYG Payment S..
February 14th 2020
We have recently become aware of a scam currently in operation where the callers claim to be from the Australian Taxation Office (ATO). They state that there is an outstanding debt owing to them an..
March 19th 2020
What does the tax office look for in assessing whether a professional business owner is paying the correct amount of tax? That's a very good question, and welcome to CIB Accountants. The answer to thi..
March 19th 2020
The key reason behind this is because they want you to succeed as a business owner. The reason being that if you're succeeding over time as being a business owner, you'll pay more tax to the..
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