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Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

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Vaccination rates as they happen around the world
Toyota returns $18m in JobKeeper payments
Approaching the dawn
Videos and other resources for our clients
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Key dates for the second JobKeeper extension period
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Victorian State Budget Overview 2020 - 2021
Employee Christmas Parties and Gifts – Any FBT?
FBT – Christmas Parties and Taxi Fares
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Part 1 – Budget reminders. Under the Hood.
Part 2 – Budget reminders. Under the Hood.
Part 3 – Budget reminders. Under the Hood.
Comprehensive list of COVID-19 initiatives and packages.
Businesses not meeting obligations warned as ATO restarts compliance programs
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‘Follow the spirt of the law’, warns ATO
$120m in JobKeeper clawed back by ATO, new compliance areas highlighted
Budget 2020 - A very comprehensive break down.
Budget 2020 - Fact Sheets
Budget 2020 - At a Glance, Overview, Outlook
Temporary home office expenses shortcut extended again
JobKeeper extension – changes implemented
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Articles
Merry Christmas to all our clients, your staff, family and friends
FBT - Christmas Parties and Taxi Fares
Employee Christmas Parties and Gifts - Any FBT?
Victorian Stamp Duty Reduction - First Home Buyers
School Bonus - Action Required
Cloud computing central to SME accounting
Traps to avoid with In-specie Transfers to Self-managed Funds
Companies are now able to carry back losses
Living Away from Home Arrangements - Legislation Announcements
Want to do some of your own research – no problems?
Living Away from Home Allowances Proposals
Education Tax Refund Replaced by 'School Kids Bonus'
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