• DEPRECIATION SCHEDULE FOR RENTAL PROPERTIES

    November 12th 2013

    As the end of the financial year is just a few months away, now is the time to consider obtaining a depreciation report for any new rental properties acquired during the year. A depreciation schedu..
  • GIC & SIC RATES

    November 12th 2013

    The ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the third quarter of the 2012-13 income year. The GIC annual rate for January – March 2013 is 10...
  • CIB FEATURE ARTICLE TRUSTEE RESPONSIBILITIES

    November 12th 2013

    CIB Accountants & Advisers is proud to announce the introduction of a SMSF Division within the firm. Legislation effecting superannuation funds has increased in complexity over the past few years ..
  • CIB FINANCE STEPS TO SUCCESSFUL PROPERTY INVESTMENT

    November 12th 2013

    Property has been considered a popular path to wealth for Australians for many years. It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income...
  • 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..