• MARKET UPDATE

    November 12th 2013

    The S&P200 Accumulation Index finished trading up 4.95% in January. The market rallied strongly in the 2012 calendar year. The Australian share market posted its best calendar year performance sin..
  • FEDERAL GOVERNMENT MID-YEAR ECONOMIC OUTLOOK

    November 12th 2013

    On 22 October 2012 Wayne Swan delivered the Mid-Year Economic and Fiscal Outlook for the 2012- 2013 year. There are a number of changes to the 2013 Budget as delivered in May 2012 and they can be summ..
  • LIVING AWAY FROM HOME ALLOWANCE

    November 12th 2013

    The new LAFHA rules commenced on 1 October 2012 and the new rules differ to what as previously announced as part of the 2013 budget. The key aspects of new legislation include: LAFHA will still co..
  • SMSF TRUSTEE REQUIREMENTS

    November 12th 2013

    From 1 July 2012 legislation has imposed some additional requirements on Trustees of Self Managed Superannuation funds as follows; The investment strategy of the fund must be reviewed on a regular..
  • EMPLOYEE OR CONTRACTOR

    November 12th 2013

    The ATO has recently released some new guides which assist a business in determining whether an individual is an employee or a contractor. The guides include a checklist of facts to consider and requi..
  • RESEARCH & DEVELOPMENT INDUSTRY GUIDES

    November 12th 2013

    AusIndustry has released the first industry guidance note for the new R&D tax incentive scheme. The guide covers Information and Communication Technology research and will assist companies to be a..
  • ATO AUDIT FOCUS ON SMALL & MEDIUM ENTERPRISE

    November 12th 2013

    The ATO is broadening its audit base from high wealth individuals to include small and medium enterprises with a turnover of between $2 million to $20 million. The improvement of electronic data shari..
  • GIC & SIC RATES

    November 12th 2013

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the second quarter of the 2012-13 income year. The GIC annual rate for October – December 2012 is..
  • CIB FEATURE ARTICLE READY FOR A PAYROLL TAX AUDIT

    November 12th 2013

    During the past year there has been an increase in revenue raising activity from the NSW Office of State Revenue on a number of fronts but particularly in respect of payroll tax. This article covers a..
  • CIB FINANCE TO FIX OR NOT TO FIX?

    November 12th 2013

    With interest rates decreasing and with most lenders 1-3 years fixed interest rates now being lower than the banks variable interest rate, many clients are asking the question: Do we fix our loan or i..
  • CIB PRIVATE WEALTH ARTICLE MARKET UPDATE

    November 12th 2013

    When investing it is important to stand back and look at the bigger picture. We invest in growth assets for capital growth and importantly a growing income stream. In August most listed companies rep..