The Removal of the Low and Middle Income Tax Offset (LMITO)

The government has made a major change to the tax system this year, they have removed the Low and Middle Income Tax Offset.

This tax offset, which delivered a tax break of up to $1,500, finished at the end of 30 June 2022.

As a result, low-to-middle income earners may see their tax refunds reduced this year by between $675 and $1,500.”

Director Identification Number – New Director Requirements

As part of the 2020 Budget Digital Business Plan, the Australian government has implemented the Modernising Business Registers program. In this program, the ABRS (Australian Business Registry Services) was established to help businesses register and manage the information they share with the government.

This is to be rolled out between 2021 to 2024.

The first change is that directors need to get a DIN (Director Identification Number) due by 30 November 2022.


Link to ABRS – To Apply for a DIN:

Director identification number | Australian Business Registry Services (ABRS)




Henderson & Varalla provides high quality service to a range of clients including small to medium sized businesses. We have a sound reputation that shows we cater to clients’ needs and requirements. View our services


Our People


Henderson & Varalla Pty Ltd is a medium sized accountancy practice. Our staff consist of  highly qualified accountants, trained bookkeepers and a friendly and helpful administrative team.Meet our people


Get in Touch


Our office is located in Briar Hill, the northeast suburbs of Melbourne. If you are taking public transport our office is in walking distance of the Greensborough Train Station on the Hurstbridge line. If you are driving, we also have onsite parking.Get in touch

Henderson & Varalla is a medium size accountancy practice established in 1983, located in Briar Hill Victoria.

The firm provides high quality service to a range of clients including small to medium sized businesses.

Henderson & Varalla have a sound reputation with our clients charged reasonable fees at a competitive price.

The Henderson & Varalla Team include:

  • 3 Partners (members of IPA, CPA & ICAA)
  • 7 Accountants
  • 3 Bookkeepers
  • 5 Administration staff

Henderson & Varalla is a friendly practice that provides accounting and financial services which assist clients running prosperous businesses.

Get in touch

A sound reputation for quality

Contact our office today for a consultation on how we can provide the best service for you.

Get in touch