Archives

Business and Tax Updates – Summer 2019

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..

read more

Low & Middle Income Tax Offset

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 ..

read more

Fuel Tax Credits

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..

read more

CIB Newsflash – Tax Office Scam Alert

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..

read more

Are you paying the correct amount of Tax?

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..

read more