Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Fringe Benefits Tax (FBT): employees’ private use of vehicles
ATO to contact clients over bank details
ATO claws back $850m in unpaid SG in FY 17-18
Appetite for property in SMSFs shows signs of life despite tough market
Superannuation gender gap narrowing, research shows
Identification numbers for directors
How financial advice helps create wealth.
Australia's vital statistics
Unlocking equity crowdfunding in Australia
$20m boost for SME clients looking to exporting
Work-Related Expenses
ATO updates crypto guidance
ATO zones in on hundreds of newly created reserves
Senate passes $20,000 instant asset write-off extension
Victorian Vacant Property Tax
Director Penalty Notices
ATO set to pounce on undisclosed income streams
In case you missed it – The company tax Bill that did pass Parliament.
GST spotlight headed to smaller end of town
Superannuation Amnesty – Maybe! Maybe Not!
ATO drills in car-sharing focus this tax time
What is Bankruptcy?
Update of Australia's vital statistics
ATO speaks on risk factors, surveillance triggers for FY19
ATO’s corporate residency guidance cops backlash
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
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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