Tax & Centerlink question

[Rowellen]

A lot of info can be downloaded direct from the ato now such as payg payment summaries and interest. If you use a tax agent they should be able to help him. Your partner will need to lodge his tax before your ftb supplements will be paid. I'm not sure if it affects ppl. Someone else might know.

[nothing2lose]

Pretty sure you can't access/download info from the ATO (Medicare/group certificate, etc) if it's not for the most recent financial year.

[Marley&Me]

Thanks ladies. Think we might have to leave his up to the tax agent.
I'm not even sure what i will get back, if anything. How does it work with ftb etc??

[ladybirdflies]

As far as FTB you need to reconcile otherwise you will end up with a bill of the money you were paid. Last year we didn't reconcile and we got a bill in the post for the money we had been paid that year. I rang up and reconciled (i did two years at once) and then we got paid $8000 in money we were owed.

[Marley&Me]

As far as FTB you need to reconcile otherwise you will end up with a bill of the money you were paid. Last year we didn't reconcile and we got a bill in the post for the money we had been paid that year. I rang up and reconciled (i did two years at once) and then we got paid $8000 in money we were owed.

I have no idea what you mean ladybirdflies Is this the estimate I give centerlink? When do I have to give that by?

Also, does my DH need to chase up group certificates from past bosses or can the tax accountant (eg H&R block) do this?

[ladybirdflies]

I have no idea what you mean ladybirdflies Is this the estimate I give centerlink? When do I have to give that by?

Also, does my DH need to chase up group certificates from past bosses or can the tax accountant (eg H&R block) do this?

Sorry my reply was a bit confusing. Each year you give centrelink an estimate of what your household will make. THey pay you based on this estimate. After your tax is done each year, they check your tax against the payments they made to you to make sure they paid you the right amount. If you were underpaid or overpaid you either get a letter saying you owe us $$$ or they owe you $$$. Because I dont work I have to ring and say that I don't need to lodge a return, when you do lodge a return it automatically reconciles your account at centrelink for you. If you have lodged a tax return and you haven't rung to say you don't need to lodge the system eventually picks it up as an overpayment of FTB so you will get a letter saying you have been overpaid as we haven't received any tax advice from you. Does that make sense??

You have to chase up your own group certificates, usually it's best to contact the accountant of your old employer rather then the employer themselves. They do have to give you a copy of the group certificate so don't be put off if it's a pain in the $%#@! You can just find out about just doing this years tax returns asap so your family payments are not affected.

[Mildez]

For centrelink purposes I can't make a claim for FTB until both DH and I have lodged out tax returns. Then when we do that we find out fairly quickly how much FTB we were entitled to from the year before.
There are other reasons for your DH to catch up with his tax. My ex didn't put his in as he knew anything he was owed would come to me in child support arrears. They eventually caught up with him and he was fined.