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  1. #21
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    Quote Originally Posted by Nafsika View Post
    How does it work for a business? Does anyone know? Or different rules apply? Income? Profit and loss? Etc?
    Surely if you are a business you would still do your own personal tax return?

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    Quote Originally Posted by Ngaiz View Post
    It's per child ;-)
    So the $7000ish money is the limit per child that they assist you with? If so, then that would be okay. $7000 altogether and that would make it hard to go more than 2 days a week.

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    That's just the CCB part. If you qualify for CCR that comes first, then CCB is 50% of what's left up to $7k.

    So as an example if your fee is $100/day and your CCR is 40%, your out of pocket would be $30. (Not counting the 15% of CCB they withhold until eofy)

    Clear as mud?

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    Quote Originally Posted by Mezmerised View Post
    That's just the CCB part. If you qualify for CCR that comes first, then CCB is 50% of what's left up to $7k.

    So as an example if your fee is $100/day and your CCR is 40%, your out of pocket would be $30. (Not counting the 15% of CCB they withhold until eofy)

    Clear as mud?
    I think you're a bit confused there. CCB is your child care benefit percentage that is worked out by your income. CCR is your child care rebate which is 50% of your OOP fees up to the threshold of $7ish000

  5. The Following 2 Users Say Thank You to Kit84 For This Useful Post:

    Ngaiz  (12-02-2016),smallpotatoes  (12-02-2016)

  6. #25
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    Quote Originally Posted by BigRedV View Post
    Surely if you are a business you would still do your own personal tax return?
    I'm sure people do yes and the accountants do it and then it goes to tax department and so on....

  7. #26
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    Quote Originally Posted by Nafsika View Post
    I'm sure people do yes and the accountants do it and then it goes to tax department and so on....
    Yes well I'm sure you can't claim ftb unless you do a personal tax return so whether you are a business or not is irrelevant.

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    Quote Originally Posted by BigRedV View Post
    Yes well I'm sure you can't claim ftb unless you do a personal tax return so whether you are a business or not is irrelevant.
    ok

  9. #28
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    Quote Originally Posted by Kit84 View Post
    I think you're a bit confused there. CCB is your child care benefit percentage that is worked out by your income. CCR is your child care rebate which is 50% of your OOP fees up to the threshold of $7ish000
    Oops sorry, I always get them around the wrong way!

  10. #29
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    We earn over 150k and get zilch from the government. Pay full child care rates etc

  11. #30
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    Quote Originally Posted by Wise Enough View Post
    I got a letter when they made the changes saying my FTB was now zero.
    Same here.


 

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