ABC Accountants in Cranbourne North, Victoria | Tax preparation service

ABC Accountants

Locality: Cranbourne North, Victoria

Phone: +61 3 5996 0997

Address: 18 BRONSON CIRCUIT 3977 Cranbourne North, VIC, Australia

Website: http://www.abcacc.com.au

Likes: 29

Add/Update information

Reviews

Tags

• Tax preparation service
• Accountant
• Financial service

17.01.2022 We are closed for the Christmas Holidays from the 22 December 2017 and reopen on 15 January 2018. Hope everybody has a wonderful new year.

12.01.2022 Private health insurance income thresholds for 2012-13 and 2013-14 The private health insurance rebate is income tested - this means that if you earn too much income for surcharge purposes you may not be eligible to receive a private health insurance rebate. When you lodge your tax return, we calculate your income for surcharge purposes and determine your private health insurance rebate entitlement. The definition of income for surcharge purposes explains how we calculate it.... If you have a spouse on 30 June your family income threshold is the combination of your and your spouse's income for surcharge purposes. Work out your entitlement If you are: single, use your income for surcharge purposes to determine your entitlement a family, use the combined income for surcharge purposes of you and your spouse (if you have one) to determine the percentage of your rebate (the level is based on the oldest person covered by the policy). Table 6: Entitlement by income threshold for 2012-13 Income thresholds Singles$84,000 or less$84,001-97,000$97,001-130,000$130,001 or more Families*$168,000 or less$168,001-194,000$194,001-260,000$260,001 or more Private health insurance rebate entitlement Base tier (no change) Tier 1Tier 2Tier 3 Under 65 years old30%20%10%0% 65-69 years old35%25%15%0% 70 years old or over40%30%20%0% * The family income threshold is increased by $1,500 for each Medicare levy surcharge dependent child after the first child. The income thresholds are indexed annually. Table 7: Entitlement by income threshold for 2013-14 Income threshold Singles$88,000 or less$88,001 - 102,000$102,001 -136,000$136,001 or more Families*$176,000 or less$176,001 - 204,000$204,001 - 272,000$272,001 or more Private health insurance rebate entitlement Base tier (no change)Tier 1Tier 2Tier 3 Under 65 years old30%20%10%0% 65-69 years old35%25%15%0% 70 years old or over40%30%20%0% * The family income threshold is increased by $1,500 for each Medicare levy surcharge dependent child See more

11.01.2022 ABC Accountants will be closed from 21 st December and reopen on 14th January 2019 Wishing everyone a very Merry Christmas and Happy New Year.

03.01.2022 Changes to the tax-free threshold for low-income earners From 1 July 2012, the tax-free threshold increased to $18,200, and the low-income tax offset reduced to $445. A low-income earner's effective tax-free threshold is now $20,542.... If your clients' taxable income is under the tax-free threshold, there are reasons why they may still need to lodge an income tax return. The most common reason would be that your client has had pay as you go (PAYG) withheld from payments received during the year. You and your clients can use the 2012-13 Do I need to lodge calculator, which will be available in July, to help determine if lodgment is required.

03.01.2022 From all the team at ABC Accountants we would like to wish everybody a very Merry Christmas and safe New Year to all.