- Banned
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I know it is boring to fill out your tax forms. But it is that time of the year again. (duh!)
Just wondering which taxation firm, do those who pay tax, go to?
Just wondering which taxation firm, do those who pay tax, go to?
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Originally posted by Spidergirl~RiCkChiCk
I go to Firm Darky only took him about 10 mins and am getting just over 1000 back to put on my beamer
Originally posted by Rob
You measure a good tax agent by the size of your refund?
I could get you a 5 grand refund if you wanted, doesn't mean I know what i'm talking about.
Originally posted by Darky
I reckon unless you've got investments, shares, 20 zillion deductions, or anything else that isn't a basic income and tax difference, you might as well do your own.
Having the eTax system available on the net, I've done my own the last two years, plus helped others do theirs, and generally the refunds come back within a week... which is quicker than tax firms get them back to you.
Originally posted by topjars
I tried this last year...
Painstakingly checked the boxes etc etc only to be asked to punch in some bloody number ( That I didnt have) so as I couldnt save it, I just wasted a sh i tload of time for zilch
Originally posted by Bee
I always do my own tax return. I have never managed to be able to get back any more than $200 or $300. It always amazes how some people can get back thousands, and I am talking about normal working people who make a lot less than me and can not claim any more legit deductions than me. So how the hell do they do it? Do they take the risk of claiming deductions they are not entitled to or what?
It has me baffled how you do it. And I have a financial expert on hand 24 hours a day as well! There is just nothing more I can see I can legitimately claim as a deductions!
Originally posted by Darky
I elect not to use the tax free threshold if I start a new job during the year. Also, if someone does a lot of overtime in a average or low income job, they get a lot more of their income taxed at 47% on a weekly basis, but stay in the 30% bracket based on yearly income.
Same principle applies to being out of work for any extended stretch - if you get tax taken out at a certain rate for 40 weeks, but don't work and don't claim benefits for the other 12 weeks, the tax you pay is spread out over 52 weeks and drops as a percentage of overall taxable income.
Originally posted by Spidergirl~RiCkChiCk
I go to Firm Darky .. only took him about 10 mins
Originally posted by Grendel
And here is me thinking he would only last around two minutes at best.
Originally posted by Bee
I always do my own tax return. I have never managed to be able to get back any more than $200 or $300. It always amazes how some people can get back thousands, and I am talking about normal working people who make a lot less than me and can not claim any more legit deductions than me. So how the hell do they do it? Do they take the risk of claiming deductions they are not entitled to or what?
It has me baffled how you do it. And I have a financial expert on hand 24 hours a day as well! There is just nothing more I can see I can legitimately claim as a deductions!
Originally posted by Bee
I always do my own tax return. I have never managed to be able to get back any more than $200 or $300. It always amazes how some people can get back thousands, and I am talking about normal working people who make a lot less than me and can not claim any more legit deductions than me. So how the hell do they do it? Do they take the risk of claiming deductions they are not entitled to or what?
It has me baffled how you do it. And I have a financial expert on hand 24 hours a day as well! There is just nothing more I can see I can legitimately claim as a deductions!
Originally posted by Jars458
I get to do mine over the phone. Quick and easy
I paid off my HECS in the first week of the financial year and so should be gettng a refund of about $3k as I have continued to pay it.
I still am actually. What a silly boy. At least its forced savings.
Originally posted by topjars
I tried this last year...
Painstakingly checked the boxes etc etc only to be asked to punch in some bloody number ( That I didnt have) so as I couldnt save it, I just wasted a sh i tload of time for zilch
Originally posted by Rooboy 34
I'm an accountant (pls don't hold that against me), and I quite often advise my younger clients to do something similar to this. One of my clients has an extra $20 of tax a week taken out, so that when she prepares her tax in September, she gets a $1000 refund. This money then pays for her Xmas shopping as well as her plane ticket to fly home to Sydney for the Christmas break. She doesn't miss the $20 a week and doesn't have to worry about a credit card bill come January...
Originally posted by Darky
How do elect the option of having an extra sum taken out?
I thought it was a choice between the taking or leaving the tax-free threshold? Bigger difference than $20 a week, I can assure you!
Re newstart allowance Centrelink will provide with a payment summary (group certificate) showing gross wage and tax withheld. I don't see why there is a problem with paying tax on a newstart allowance.I know of someone who wonders what to do in this situation.
He was unemployed, and went on Newstart for six months. He heard that you have to include it as tax? Why, it is a government payment, and it comes from taxpayers. So the government are already getting tax once, then they allocate it to the person, and then tax them for it, meaning they are getting tax twice for the one thing? Isn't that double-dipping?
Also, how is this accounted for in a tax return? How do you know if the tax is taken out beforehand, or the recipient has to pay it with his tax?
Another person I know got a job in a small business, where they work casual hours, and is paid in cash. Now, how do this person report this in their tax return? He doesn't want to get his employer in trouble, since it could mean losing his job, and being unemployed. But will the tax department demand details of this, and want this person to name the business and employer? It was the employer who is in the wrong (and this person doesn't know if payments are made for super etc, but he doubts it, but is afraid to ask, lest he get sacked), so does my friend get in trouble too, even though it is not his responsibility to make all the payments.
Also, if someone has been unemployed all year, but being living off their savings (which he has a lot of, from saving over past years), does he have to pay tax at all, since he has had no taxable income for this year.