If you are planning to claim your Family Tax Benefit and/or Child Care Benefit as a lump sum for the 2005 – 2006 financial year, you must lodge your claim by 30 June 2008.
If you choose to receive Family Tax Benefit as a lump sum, you need to lodge your claim within two years following the financial year for which you are claiming.
Also, if you have paid the full fees for approved child care, and intend to lodge a lump sum claim for Child Care Benefit, you will also need to lodge your claim within the two years following the financial year for which you are claiming.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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