+ Reply to Thread
Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 31
  1. #21
    Join Date
    Feb 2009
    Location
    my house
    Posts
    18,232
    Thanks
    1,440
    Thanked
    7,854
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    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?

  2. #22
    Join Date
    Feb 2013
    Posts
    4,308
    Thanks
    3,424
    Thanked
    1,832
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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.

  3. #23
    Join Date
    Jan 2009
    Location
    Melbourne
    Posts
    2,122
    Thanks
    428
    Thanked
    170
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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?

  4. #24
    Join Date
    Aug 2008
    Posts
    303
    Thanks
    0
    Thanked
    21
    Reviews
    0
    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
    Join Date
    Oct 2011
    Location
    Adelaide
    Posts
    2,597
    Thanks
    374
    Thanked
    360
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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
    Join Date
    Feb 2009
    Location
    my house
    Posts
    18,232
    Thanks
    1,440
    Thanked
    7,854
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 posts
    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.

  8. #27
    Join Date
    Oct 2011
    Location
    Adelaide
    Posts
    2,597
    Thanks
    374
    Thanked
    360
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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
    Join Date
    Jan 2009
    Location
    Melbourne
    Posts
    2,122
    Thanks
    428
    Thanked
    170
    Reviews
    1
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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
    Join Date
    Apr 2011
    Posts
    431
    Thanks
    30
    Thanked
    19
    Reviews
    0
    We earn over 150k and get zilch from the government. Pay full child care rates etc

  11. #30
    Join Date
    Sep 2013
    Location
    Melbourne
    Posts
    348
    Thanks
    486
    Thanked
    119
    Reviews
    0
    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.


 

Similar Threads

  1. Overestimated family income
    By Ruby_Tuesday15 in forum Family Finances
    Replies: 13
    Last Post: 31-07-2015, 19:00
  2. Replies: 57
    Last Post: 18-06-2015, 03:19

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
ProSwimProSwim Rostrevor runs learn to swim classes for children and adults. Lessons are run during the Summer months ...
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›