Current News

Introduction

The education tax refund (ETR) helps eligible families and independent students meet the cost of primary and secondary school education.

You can claim the ETR for education expenses you incur while your child attends primary or secondary school.

Families and approved care organisations can claim 50% of their eligible educational expenses if either of the following apply:

• they were entitled to receive family tax benefit (FTB) Part A for the child

The Australian Taxation Office will this month contact more than 650 contractors it believes might have wrongly assessed themselves as conducting a personal services business, as part of a broader crackdown on contractors. 

The letters follow warnings from the Tax Office that it would be using information from labour hire firms and auditing to improve contractor compliance through the 2012 financial year.

For further information please contact Kelli Sadler 0404 808 091 or email kelli@bizaus.com.au

The superannuation laws governing self-managed super funds (SMSFs) are receiving more and more (almost daily) attention. With the number of SMSFs exploding, adherence to the laws has become a key issue, not just for the funds themselves, but for the regulator of the sector too – the ATO.

Government removes age limit on super guarantee contributions, scraps tax on super contribution for low income earnings.