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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Hot Issues
Federal Budget 2019 - Overview
How the 2019 Federal Budget affects you
FBT Reminder – Odometer Reading
‘Big awareness push’ underway as STP deadline approaches
GST collection on overseas goods at 300% of forecasts
The problem with getting to 53 years of age.
Lost Beneficiaries
New quarterly STP reporting method for closely held payees revealed
Some Australian figures to help on Budget night.
Employers hit with rolling SG audits as ATO toughens stance
Resources to help understand and implement Single Touch Payroll (STP)
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Extra website resources and tools is one way we offer you and your family more.
FBT Exemption for Various Work Vehicles
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Australia - facts & figures March 2019
Strategies to handle scam phone calls and problem e-mails.
Instant asset write-off threshold upped to $25k
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Correcting GST Errors
Fuel tax credit rates raised
ATO set to contact clients for overdue TPAR
Reminder on Victoria Property Duties
How Australia is performing.
Global outlook summary: Down but not out
Bookkeepers remind on incoming TPRS obligations
Golden Rules for Deductions
How's Australia going - vital statistics?
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Articles
School Bonus – Action Required

Employee Christmas Parties and Gifts – Any FBT?

FBT – Christmas Parties and Taxi Fares
Victorian Stamp Duty Reduction – First Home Buyers
Companies are now able to carry back losses

Traps to Avoid with In-specie Transfers to Self-managed Funds

School Bonus – Action Required
If you have a child starting school or moving from primary to secondary, then it will be worth notifying Centrelink.

Parents with school children will remember that until May 2012, if you kept those receipts for the extra expenses, there could be an additional income tax refund.

In the May 2012 Budget that arrangement was abolished and a School Bonus substituted.  Payments were made by Centrelink of $410 a year for a primary school student and $820 for a secondary student.  The first payment occurred in July 2012 to parents where Centrelink was able to identify, based on age, an assumed eligibility and existing receipt of Family Tax Benefit A.

The next payment will be made in January 2013.

There are likely to be more than one million school aged children who qualify for Family Tax Benefit A.  But does Centrelink know whether the child is attending primary school or secondary school, particularly if they are changing?

Rather than waiting for hours on the telephone, it could be more convenient to visit the Department of Human Services website (the new name for Centrelink) and type in Schoolkids Bonus.  Parents can complete the process online and certify that the child is attending school (if they are lucky and the One Time Access is functional that day).  Unfortunately, more and more frustrated customers are just giving up!!

It is however worth persevering - do you have a loud speaker telephone on which you can listen to music in the background whilst on hold?



14th-December-2012