CITIC Accounting is a registered tax agent designated by the Australian Taxation Office, CPA Public Practice designated by the Australian Institute of Certified Public Accountants, and ASIC Agent designated by the Australian Business Administration. The team of CITIC Accounting Firm is composed of senior certified accountants and certified tax agents. Each accountant has many years of experience in his professional field. CITIC’s main clients include: individuals and small and medium-sized enterprise clients, real estate development and investment clients, Retail and

CITIC Accounting is a registered tax agent designated by the Australian Taxation Office, CPA Public Practice designated by the Australian Institute of Certified Public Accountants, and ASIC Agent designated by the Australian Business Administration. The team of CITIC Accounting Firm is composed of senior certified accountants and certified tax agents. Each accountant has many years of experience in his professional field. CITIC’s main clients include: individuals and small and medium-sized enterprise clients, real estate development and investment clients, Retail and

David applied for the subclass 188 investment visa and during his 4 years of temporary residence, he invested in stocks and shares and made a profit of $5,000 before the end of the financial year. We confirmed with the client that, in David's specific case, he was not required to pay CGT on his capital gains during his temporary residence. We successfully filed a tax return amendment for David to claim back this portion of his tax liability.

Ms. Zhang bought 2 adjacent houses in 2005 for a total of $2,000,000 and after knocking down and rebuilding, Ms. Zhang developed 3 Town Houses on the same site and sold them for $1,100,000 each. As the purchase contract did not state whether the Margin Scheme could be used, we needed to help Ms. Zhang prove her eligibility to use the Margin Scheme. We were able to prove that as the house she bought was a residential property, the GST

We often receive many enquiries from small business clients on how to minimize their tax bills. Based on many years of experience in the industry, we have come up with a number of effective tax avoidance methods that have helped our clients save a lot of unnecessary tax expenses in the near and long term. Some of these methods are. Pre-pay your expenses, pre-pay some of your expenses for the coming financial year while you’re still in this financial year.

Our client, Jack, works as a property salesman and was re-allocated to Nanjing, China for 3 years in 2016 due to the needs of the head office. When doing his tax return, Jack's previous accountant considered Jack to be a non-tax resident and calculated the tax rate for Jack (tax rate $0-$90,000 32.5% $90,001-$180,000 37%) and as a result Jack had to pay a large amount of tax to the ATO. After Jack came to us through a friend's recommendation,