• 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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  • FUEL TAX CREDITS

    From 1 December 2011 the fuel tax credit scheme was expanded to include gaseous fuels used in eligible business activities. Gaseous fuels include: Liquefied petroleum gas (LPG) Liquefied natural..
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  • 50% INTEREST DISCOUNT DEFERRED

    In the 2011 budget it was announced the individual taxpayers would receive a 50% discount on interest income up to a certain threshold. The government has since deferred the commencement of this disco..
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  • DEFERRAL OF STANDARD DEDUCTIONS

    The government have announced the deferral of the standard work related expenses and cost of managing tax affairs deduction. The standard deduction system was to commence on 1 July 2012, however it ha..
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  • EDUCATION TAX REFUND

    A reminder that you may be eligible for the Education Tax Refund (ETR) if you are eligible to receive Family Tax Benefit Part A and have children undertaking primary or secondary school studies. Educa..
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  • ABOLITION OF SOME NSW STAMP DUTIES

    From 1 July 2012 there will be the further abolition of some stamp duties in NSW. The transactions that will no longer attract stamp duty are: Unlisted marketable securities Mortgages Business..
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  • GIC & SIC RATES

    The ATO has published general interest charge (GIC ) and shortfall interest charge (SIC ) rates for the third quarter of the 2011-12 income year. The GIC annual rate for January – March 2012 is 1..
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  • NSW STATE BUDGET

    The new O’Farrell government delivered its first NSW state budget in September 2011. While the state budget is usually focussed on how the government will spend its money, there are a few notable ch..
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