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  1. #131
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    I find the centre link website so hard to navigate. Can someone tell me: does everyone get FTB or is it means tested. If so what's the income limit?

  2. #132
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    headoverfeet is offline The truth will set you free, but first it will **** you off. -Gloria Steinem
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    Quote Originally Posted by lemonpancakes View Post
    I find the centre link website so hard to navigate. Can someone tell me: does everyone get FTB or is it means tested. If so what's the income limit?
    http://www.centrelink.gov.au/interne...ents/ftb_b.htm

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    without a tax return they're unable to cross match and refund.

    There have been some great thoughts here. I have a budget, and am being extra strict on it atm in case I don't get a new job before the end of my redeployment period at work. I'm within my $150 a fortnight food budget despite doing a pantry stock and if I can keep this up the sups will be 100% unaccounted for So YAY. I can treat myself. I might even consider a secondhand ipad!

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  5. #134
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    Quote Originally Posted by Misschief View Post
    I receive FTB A and B and I grossly over estimate my income. I am on a basic pension and usually do not do tax returns until I started my teeny weeny business.
    It only gives me an extra 100 bucks a month orso. Its more a hobby than that I make a lot of money. Yet I have to pay tax on it.

    I'll have to keep my eyes open this year and see how much I receive. That 100 bucks isn't enough for Centerlink to cut my pension, but the ATO STILL wants a piece of it
    Completely off topic and may not be relevant but...You can make money from a hobby without the ATO touching a piece of your pie.

    You cant claim deductions etc like a business but just wanted to make you aware if you didn't know already.

    The ATO website has further details under the 'am i a business' heading.

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  7. #135
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    Quote Originally Posted by CupidsVictim View Post
    Completely off topic and may not be relevant but...You can make money from a hobby without the ATO touching a piece of your pie.

    You cant claim deductions etc like a business but just wanted to make you aware if you didn't know already.

    The ATO website has further details under the 'am i a business' heading.

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    Are you serious???? My accountant keeps telling me I have to do a tax return and pay tax on the money I "make", which is bugger all if you take the costs of the materials and the amount of time I spend on making these items
    I'm so not impressed. I will ring the ATO first thing Monday morning. I haven't even got an ABN or anything, let alone a registered business name

    Quote Originally Posted by missie_mack View Post
    I haven't either except when I am a SAHM on parental leave. One year we got some FTB A and I got a tiny amount for the supp and when I questioned them they told me it is up to $700 per a child and the amount goes down the closer you get to the cut off.
    I haven't been cut of whatsoever. I still get the full pension though

  8. #136
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    HugsBunny is offline Once upon a time there was a bunny.........
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    Quote Originally Posted by Misschief View Post
    Are you serious???? My accountant keeps telling me I have to do a tax return and pay tax on the money I "make", which is bugger all if you take the costs of the materials and the amount of time I spend on making these items
    I'm so not impressed. I will ring the ATO first thing Monday morning. I haven't even got an ABN or anything, let alone a registered business name



    I haven't been cut of whatsoever. I still get the full pension though
    You need a new accountant. Mine just screwed me over royally too.

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  10. #137
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    Quote Originally Posted by Misschief View Post
    Are you serious???? My accountant keeps telling me I have to do a tax return and pay tax on the money I "make", which is bugger all if you take the costs of the materials and the amount of time I spend on making these items
    I'm so not impressed. I will ring the ATO first thing Monday morning. I haven't even got an ABN or anything, let alone a registered business name
    Im glad i said something now yes, definitely call the ATO!!

    If you are only making about $100 a month and its a hobby of yours, i would consider it a hobby and not a business for tax purposes (im no accountant but i know plenty of them)

    http://www.ato.gov.au/content/19785.htm

    As a PP also mentioned... Find a new accountant


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  12. #138
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    Yeah definitely looking for a new accountant now. I only went with this guy because he's my fathers business accountant and he was highly recommended. He charges $125,- do a basic tax return, so that's like 10% of what I "make" per year lol.

  13. #139
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    Quote Originally Posted by Misschief View Post
    Yeah definitely looking for a new accountant now. I only went with this guy because he's my fathers business accountant and he was highly recommended. He charges $125,- do a basic tax return, so that's like 10% of what I "make" per year lol.
    Yeah my accountant charges $120 per BAS and $300 for a tax return!!!!!

  14. #140
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    Does anyone know when we receive this payment, is it just around tax time? =)


 

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