• In business it is sometimes difficult to find the time to keep abreast of the multitude of changes. CIB can provide some assistance with regular newsletters that summarise relevant and important updates and changes.
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  • CIB Newsletters will be forwarded to you automatically upon their release.
  • Small and General Business Tax Breaks

    Your business may be eligible for the General and Small Business Tax Break for depreciable assets purchase between 1 July 2009 to 31 December 2009 which are installed and ready for use by 30 June 2010..
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  • CAPITAL ALLOWANCES

    If you or your business has recently purchased a commercial or residential building you may want to consider obtaining a quantity surveyors report that will entitle you to a 2.5%pa deduction on the co..
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  • ATO SYSTEM UPDATE

    You may be aware that that ATO recently upgraded its IT system which processes income tax returns and activity statements. Due to problems with the upgrade within the ATO system, the processing of ret..
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  • INDUSTRY BENCHMARKS

    The ATO has recently released new industry benchmarks for a range of industries. The tax office gathers these statistics based on all tax returns lodged for a particular industry classification. By..
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  • NSW PAYROLL TAX

    A reminder that all NSW Annual Payroll Tax Reconciliations are due for lodgement and payment on 21 July 2010. The payroll tax threshold for 2010 is $638,000 which includes the total of all wages, sala..
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  • GIC AND SIC RATES

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the fourth quarter of the 2009-10 income year. The GIC annual rate for April – June 2010 is 11.16..
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  • SUPERANNUATION CO-CONTRIBUTION

    A new federal government initiative known as Standard Business Reporting (SBR) is due for launch in July 2010. The new system aims to reduce the A great way to boost your retirement savings if you hav..
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  • WHO SHOULD HAVE A SELF MANAGED SUPERFUND?

    - RAY BOSTELMAN With the growing disillusionment surrounding the Retail Superannuation sector, Self-Managed Superannuation Funds (SMSFs) are becoming increasingly popular in Australia. However, ju..
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