Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
ATO dispels top tax time myths to clients as clampdown rolls out
Tools for budgeting, cash flow, Super and more ….
Guidance for SMSFs on transfer balance reporting
ATO issues alert on super, tax scams
Salary sacrifice integrity
Understanding the evolution of blockchain and cryptocurrencies
Update to Australia's vital statistics
Tax Time Checklists- Individual, Company, Trust, Partnership and Super Funds
SMSFs - Our 'hardest' jobs
Tax Office reveals adventurous, dubious claims ahead of tax time
ATO reveals top tax time mistakes, set to contact 1 million taxpayers
Watch out for charges with incoming GST laws.
Super savings gap for women stuck at 30%
‘Wipe the slate clean’: Clients, accountants urged to use new amnesty period
Statistics for all Australians
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
Articles archive
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Articles
Seniors - do you hate your mobile phone?
Big Brother - Bricklaying Benchmarks
Seniors Health Card
Medicare levy low-income thresholds
News from George and John
Transfer files securely using our website.
Australian Taxation Office Defers Tax Debts
Super Fund Members may be Entitled to more Age Pension
Seniors - do you hate your mobile phone?
Seniors Supplement for self-funded retirees
1st July 2009 Start Dates
Education Tax Refund (ETR)
HELP (and HECS) Repayment Thresholds
Entrepreneurs Tax Offset (ETO)
Non-commercial Losses
Superannuation Deductions Reduced
Adjusted Taxable Income
Restriction of Exemption for Overseas Employment Income
Education Tax Refund (ETR)
This tax claim in 2008 tax year helps eligible families and independent students meet the cost of primary and secondary school education.

Families and approved care organisations can claim 50% of their eligible educational expenses while the child attends school, if:-

  • they received family tax benefit (FTB) Part A for the child, or
  • an allowance was made for the child that stopped them from receiving FTB Part A for that child

Independent students may also be eligible to claim the ETR

The maximum you can claim is 50% of eligible expenses up to:-

  • $750 for each eligible child in primary school
  • $1,500 for each eligible child in secondary school

Expenses in excess of the limit are carried forward as long as you are still eligible.

You do not have to be eligible for the entire year to be entitled to claim the ETR.  If you have shared care of the child, the claim is pro-rated.

Eligible education expenses are items that support education, for example:-

  • computer related costs, internet
  • software
  • school textbooks
  • prescribed trade tools

Education expenses that are not eligible include:-

  • school fees
  • school uniform
  • supporting equipment
  • school subject levies

 



27th-July-2009