Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
Australia by numbers – Update
$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
Single Touch Payroll – 1 April 2018 Action
Property investors on notice after ATO spots false claims
ATO issues update on cryptocurrency compliance traps
Australia's vital statistics
Accountants spy elder abuse spike as mortgage stress sets in
Tax office releases fresh guidance on SMSFs
Labor's tax plans could favour the rich, analysis shows
FBT Reminder – Odometer Reading
Our website is really our digital office.
Articles archive
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Quarter 1 of 2009
Articles
Reduction to Minimum Pension Drawdowns for 2008/09
Government Stimulus Package
Working Australian Tax Bonus ($300 - $900 per individual)
Working Bonus – More Detail
Single Income Family Bonus ($900 per family)
Training and Learning Bonus ($950 per individual)
Farmer’s Hardship Bonus ($950 per household)
George & John News
2008 Tax Return Checklists
Send us your File via our website.

Specific Roles of an Executor

What does an Executor do?
Specific Roles of an Executor
Appointor – what does this mean?

Role of Trustees of Family Trusts

PAYG Instalments 20% Reduction
Granny Flats - are you entitled to Rent Assistance?
Interest Rates & Strategies
Change in Fuel Tax Credits
Working Australian Tax Bonus ($300 - $900 per individual)
The Working Australian Tax Bonus will be a once-off payment, with an individual’s eligibility based on their 2007/08 income tax return.

The bonus will be paid automatically by the Tax Office to individuals satisfying eligibility criteria, in most cases between early April and 30 June 2009.  The bonus will be paid in all eligible cases and not used to offset any other tax liability. 

It will not be taxable income or income for social security purposes when received.

General Eligibility Requirements 
  • The individual must have had a positive ‘adjusted tax liability’ for 2007/08, which is ordinary tax payable plus Medicare levy, Medicare levy surcharge and reduced by offsets and imputation credits.  This is NOT simply the net result on the 2008 assessment.  See further detail on Working Bonus – More Detail.

  • The individual’s 2007/08 taxable income must be < $100,000

  • The individual must be a resident of Australia for tax purposes; and

  • The individual’s 2007/08 income tax return must be lodged by 30 June 2009
The tax bonus will be a direct payment to taxpayers through EFT or cheque paid in the same manner as the 2008 refund or assessment – no action by taxpayers is necessary. 

This can be changed by calling 1300 686 636, but this will also change the address for all future refunds, so your tax agent will not be able to check your future tax assessments, unless it is changed back again.

 

 

 

 

 

 



26th-March-2009