• 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.
  • To take advantage of this service, subscribe to our quarterly and monthly newsletters.
  • CIB Newsletters will be forwarded to you automatically upon their release.
  • SELF EDUCATION EXPENSES

    The proposal to cap work related self-education expenses to $2,000 per person has been deferred and is now due to commence on 1 July 2015. This is to allow further consultation with professional assoc..
    read more
  • FUEL TAX CREDITS

    From 1 July 2013 the fuel tax credit rates per litre have changed due to increased carbon charge amounts and changes to the road user tax for heavy vehicles greater than 4.5 GVM tonne. ..
    read more
  • GIC & SIC RATES

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of the 2013-14 income year. The GIC annual rate for July – September 2013 is 9...
    read more
  • REFORMS TO SELF-EDUCATION EXPENSES

    The government has announced a proposal to cap self-education expense deductions to $2,000 per person on all work related self-education expenses. This proposed reform is due to commence on 1 July 201..
    read more
  • REDUCTION IN HECS-HELP DISCOUNTS

    The government has announced changes to the discounts provided for upfront HECS payments and voluntary HELP repayments. From 1 January 2014 the 10% discount for upfront HECS payments will be abolished..
    read more
  • TAX REFUNDS AFTER JULY 1

    From 1 July 2013 all individual income tax returns which are electronically lodged will be required to provide EFT bank details for a refund to be processed. If you do not provide your personal bank d..
    read more
  • INCREASE IN ATO PENALTIES

    For the first time since 1997 the ATO has increased its penalty unit from $110 to $170. Generally one penalty unit is charged for each month a lodgement is late up to a maximum of 5 months...
    read more