Apoligies for not being around

I just do not know where the time has gone.

Ok we need to make a commitment to keeping this up to date and interesting.

This is just s short to note to let you all know we have some articles coming out soon. Keep an eye out for Alison Tait. She writes for Nine MSN money.

I am busily getting ready for the new tax year. It is the first with our new Franchisees on board and it will be a bumper year.

I have just come back from India and we have some excellent contacts there plus we will be launching a Iphone app to work out how much tax your will get back this year. and whats more it will be FREE!!!!!!

OK back to studying for Real Property.

Aussie Tax Time Expanding

We are full steam ahead and rerady to roll out the carpet to our new ATT ers.

We have been overwhelmed by the response to our seek ad

Have a look spaces are limited for our first enrollees.

Aussie Tax Time is Expanding

Calling all CPA's and CA's who are in Public Practice or looking to get into Public Practice.

Do you want to join the fastest growing and most tech savy bunch of Accounting professionals in Australia.

Aussie Tax Time is expanding and looking for new Owners to join the team.

Call Andrew Jeffers on 0423 308 442 to Discuss.

Aussie Tax Time gone to the Markets

Hello,

So we did a survey of our existing clients and also some randoms. So what you said to us was the following

1. We want to be able to talk to someone.

2. Meeting Face to Face would be good.

3. We want a good professional service.
4. You want questions answered

We have listened and responded.

Follow us on Twitter 

See us on this Blogspot

See us at Facebook

Also we have now setup at some sydney markets

Have a look at www.aussietaxtime.com

Aussie Tax Time is expanding. Watch this space.

Education Allowance

Johnny from ATT has been researching the new Education allowance. He has taken some information from the ATo website and put it in Summary for us.

Thanks Johnny

Education tax refund
 
The education tax refund (ETR) is a tax offset that helps with the cost of educating primary and secondary school children.

Its available in relation to expenses incurred by primary and secondary students

The amount that can be claimed for a student is 50% of eligible education expenses for the period the child was in your care from 1 July 2008 to 30 June 2009. You can claim up to:
                       $750 for each eligible child in primary school – that is, a refund of up to $375, and
                       $1,500 for each eligible child in secondary school – that is, a refund of up to $750.
 
Where are child moves from primary to secondary school in the financial year the offset is available at the higher (secondary school) level for that year.

Where the elgible education expenses is greater than the allowable maximum for a child the excess may be carried forward to the next year. If they are not claimed in that subsequent year they automatically lapse.

What are eligible education expenses?

Eligible education expenses include the purchase, lease, hire or hire-purchase costs of:

laptop computers, home computers and associated costs, including repair and running costs of computer equipment
computer-related equipment such as printers, USB flash drives, and disability aids to assist in the use of computer equipment for students with special needs
home internet connections, including the costs of establishing and maintaining them
computer software for educational use
word processing, spreadsheet, database and presentation software, and internet filters and antivirus software
school textbooks and other paper-based school learning material, including prescribed textbooks, associated learning materials, study guides and stationery – for example, pencils, pens, compasses and glue
prescribed trade tools.

What education expenses are not eligible?
Expenses that are not eligible for the Education Tax Refund include:

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

Tax Time

Hi there,

By now most of your should have received your payment summaries for the year ended 30th June 2009 so now is the time to get your tax return in.

Make sure you claim all the deductions that you can legally claim.

Have you used your Phone for work?
What about your Car?
Did you know traveling from work to Uni / Tafe may be deductible?

If you need any help drop me a question on Twitter. See @aussietaxtime

Andrew

Temporary tax break for business - keep your clients informed

Businesses may be entitled to a bonus 30% tax deduction as part of the Small Business and General Business Tax Break legislation currently before Parliament.

If passed, the legislation will enable small businesses to claim an additional deduction on capital assets costing $1,000 or more. Larger businesses can claim on capital assets costing $10,000 or more.

For more information about the legislation, business eligibility, tax deductions allowed and deadlines for purchasing and installing, visit Investment Allowance: small business and general business tax break.