Tuesday, April 14, 2009

Education tax Refund

Did you see the new link above?

Appropriate for 2009 tax returns!

See this information:
http://www.educationtaxrefund.gov.au/what-can-i-claim/

What items can I claim?

Eligible expenses include the cost of buying, establishing, repairing and maintaining any of the following items:

  • laptop computers and home computers
  • computer-related equipment such as printers, USB flash drives, as well as disability aids to assist in the use of computer equipment for students with special needs
  • computer repairs
  • home internet connections
  • computer software for educational use
  • school textbooks and other printed learning material, including prescribed textbooks, associated learning materials, study guides and stationery, and
  • prescribed trade tools for secondary school trade courses.
BUT you CANNOT claim the following:

What items can’t I claim?

The type of items you can’t claim include:

  • school fees
  • school uniform expenses
  • student attendance at school-based extra curricular activities such as excursions and camps
  • tutoring costs
  • sporting equipment
  • musical instruments
  • school subject levies - for example, payment for consumables for particular subjects such as woodwork, art or home science
  • building levies
  • library book fees
  • school photos
  • donations
  • tuck shop expenses
  • waiting list fees
  • transport
  • membership fees, and
  • computer games and consoles.

see the hand out here: http://www.educationtaxrefund.gov.au/campaign-materials/files/ATO-Brochure.pdf

Monday, April 06, 2009

tax bonus payment

If you have access to the business portal, you can track your eligibility & payment

It shows up as a new account like this...

Tax bonus payment account $900.00


see also

http://209.85.173.132/search?q=cache:JgS_vFmOzFYJ:lewistaxation.com.au/blog/2009/02/tax-bonus-payment-and-ato-debt-will-i-still-get-it/+tax+bonus+payment&cd=6&hl=en&ct=clnk&gl=au

The ATO have stated that the working australians tax bonus will not be used to offset any other liability. This means that even if you have a current tax debt, provided you are eligible (assuming you haven’t made an alternative agreement), you will still receive the tax bonus as a cash payment made to yourself.