Intermediate Accountant Our well established and growing Chartered Accoutning firm is progressive and dynamic. Our business growth has made an opening for an Intermediate Accountant – passionate about their profession and making a difference for their clients; hungry for knowledge and progression. We are fast paced and have high expectations of our people. We encourage [...]
CABEL Ties Feb 2012
Internet Access On Mobile Phone The Tax Office accepts that if an employer provides the use of a mobile phone to an employee which includes internet access, the fringe benefits tax exemption will apply to the internet download charges (provided the provision of the mobile phone satisfies the FBT requirements, in [...]
CABEL Ties – Christmas 2011
The Year in Summary – Phil Browne and John Hensley Our aim is to be the best all-round services firm for you. We realise a firm can’t stay small and properly advise growing business and individuals. This year has seen us grow in Tax Consulting, consolidate in Audit, introduce Bookkeeping and [...]
Decrease in bonus repayment for HELP Debt
Do you have clients with a Higher Education Loan Program (HELP) debt? From 1 January 2012, the government is changing the HELP voluntary repayment bonus, applied to payments of $500 or more, from 10% to 5%. To take advantage of the 10% bonus, your clients will need to ensure their voluntary repayments are received by us [...]
Carbon Tax Update
As of Tuesday 8 November 2011 Australia will be getting a carbon tax. The package of 18 bills to introduce the tax, and provide assistance to low and middle income earners and some industries, was passed by the Senate in a lunchtime vote 53 – 47. What will it mean for you? As we outlined [...]
Land Tax: 6 Year Exemption
Land Tax: 6 year exemption – maybe you need a caretaker Land Tax is levied on the total value of all taxable land owned in NSW[1]. A simple example includes investment properties. However, exemptions do apply. One particular exemption includes the Principal Place of Residence (“PPR”) exemption, which provides a full exemption from land [...]
CABEL Tax Ride – October 2011
Land Tax Exemption Ordinarily land tax is paid on investment properties. However, there are strategies that allow an owner to move out, charge rent (or costs) and still be exempt from land tax. This is provided via two means – the absence exemption and the caretaker provisions. You can find full details of this land [...]
CABEL Ties October 2011
CABEL is specialising and growing… Just when you thought things were quietening down on the Browne, Eagar, BEX Financial and now CABEL Partners front, John and I have sourced a suitable practice to step us in the right direction toward our strategic plan for growth. Over the past 4 months I have been working with [...]
Superannuation Contributions
Superannuation Contributions The best time to think about retirement is before your retire! This can involve taking advantage of the superannuation concessional contribution limits (amounts contributed to super before tax). The limits: Under 50’s – you can contribute up to $25,000* from before tax amounts 50 – 65’s – you can contribute up to $50,000* [...]
Attention Trustees
Under new law, Trustees can only properly stream franked dividends and capital gains to beneficiaries where Trustees record beneficiaries’ specific entitlements to such amounts in the trust accounts/records. For the first year of operation of the new law, an extension for recording these entitlements has been given until 31 August 2011 (relating to the 2010/2011 [...]
