Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
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)
Big fines, prison on the cards as new SG penalties introduced
Extra website resources and tools is one way we offer you and your family more.
FBT Exemption for Various Work Vehicles
Tax payable on expenditure recoupments
ATO identifies SMSF contravention red flags
Who wins dispute about taxable income?
Australia - facts & figures March 2019
Strategies to handle scam phone calls and problem e-mails.
Instant asset write-off threshold upped to $25k
Jail time for GST fraud
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?
Articles archive
Quarter 1 January - March 2019
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Quarter 2 April - June 2007
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Quarter 3 July - September 2005
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