The Federal Coalition has promised, if elected, to expand the Education Tax refund. For primary students, it will increase the rebate from the current $390 to up to $500 per year per child in primary school. Eligible parents will be able to claim a 50% rebate for up to $1,000 of eligible education-related expenses for each child in primary school
Medicare Levy & Medicare Levy Surcharge 2010
Medicare is the scheme that gives Australian residents access to health care. To help fund the scheme, most taxpayers pay a Medicare levy of 1.5% of their taxable income.
Reduction for people on low incomes
Your Medicare levy is reduced if your income is below a certain threshold. For 2009–10, your levy is reduced if your taxable income is $21,750 or less, and you don’t have to pay the levy at all if your taxable
Reduction for people on low incomes
Your Medicare levy is reduced if your income is below a certain threshold. For 2009–10, your levy is reduced if your taxable income is $21,750 or less, and you don’t have to pay the levy at all if your taxable
Reportable Employer Super Contributions - Incorrect 2010 Certificates Issued
Some employers have been incorrectly including compulsory super amounts as reportable employer super contributions on their employees’ payment summaries for the 2009–10 income year, such as:
- super guarantee contributions
- industrial agreement (award) super contributions.
ATO Reviewing Online Selling Sites
Tweet
Got an eBay or Trading Post online selling site?
The ATO is launching a data matching program focusing on individuals and businesses who have sold more than $20,000 in goods and services on the online selling sites, eBay and The Trading Post in any of the last three financial years.
Subscribe to:
Posts (Atom)
