• NSW HOUSING CONSTRUCTION ACCELERATION PLAN (HCAP)

    November 12th 2013

    The NSW 2009 State Budget announced the introduction of the HCAP scheme which is aimed at encouraging investment in new free standing houses and units. HCAP is eligible to all purchasers of a new r..
  • EMPLOYEE SHARE SCHEMES

    November 12th 2013

    The ATO has announced further changes to the Employee Share Scheme arrangements which were announced in the 2009 Federal Budget. Under the proposed changes, a qualifying employee share scheme will be ..
  • FUEL TAX CREDITS RATE CHANGE

    November 12th 2013

    From 1 July 2009 the fuel tax credit rate for heavy vehicles using a public road has decreased. This change is due to an increase in the road user charge. ..
  • FAMILY TAX BENEFIT

    November 12th 2013

    From 1 July 2009, all Family Tax Benefit claims must be made directly with the Office of Family Assistance and cannot be lodged with your income tax return. Please note that all Family Tax Benefits..
  • TAX OFFICE DEBT – SMALL BUSINESS RELIEF

    November 12th 2013

    The ATO announced that small businesses with a turnover of less than $2 million who are having difficulty paying their tax debts will be offered 12 months interest free payment arrangements. All Ge..
  • PARKING SPACE LEVY

    November 12th 2013

    The NSW State Government has increased the car parking levy from 1 July 2009 for off-street non-residential parking spaces in specified CBD areas. The new rates are as follows: ..
  • FIRST HOME BENEFITS

    November 12th 2013

    The provision of grants to first home buyers of new residential dwellings has never been better with the various schemes offering benefits of up to $41,990. NSW First Home Owners Grant is a $7,000..
  • PAYROLL TAX

    November 12th 2013

    The threshold for NSW payroll tax for the 2009/10 financial year is $638,000. From 1 July 2009 to 31 December 2009 the rate will be 5.75% with the rate falling to 5.65% from 1 January 2010...
  • ANNUAL EXCHANGE RATES

    November 12th 2013

    The Tax Office has released the foreign exchange rates for the year ended 30 June 2009 for converting foreign income into Australian dollars. These can be found on their website at www.ato.gov.au..
  • SUPERANNUATION – MINIMUM PENSION PAYMENTS

    November 12th 2013

    As announced in the 2009 Federal Budget, regulations have been implemented to halve the minimum pension payments for account based pensions for the 2010 financial year. The new minimum pension payment..
  • TAX CALENDAR FOR SMALL BUSINESS

    November 12th 2013

    The ATO provides a free electronic calendar to assist small businesses to meet their tax and superannuation obligations during the year. The calendar can be tailored to your individual needs and ca..