TAX

[bayman]

so even tho she paid say 2000 tax she gets it all back?


i got 250 back in tax.... wow...
better than nothing

if you get your boss/company to take out extra from your pay packet & put it into tax you'll get a heap more back...i'll be getting just over $4,500 back but about half of that knocks off the rest of the school fees for the year

[Bully]

heard on the radio in brissy the other morning that they are focusing on auditing electricians, plumbers and telephone techs this year as returns have been to high over the past few years from these industrys. This is australia wide they said not just in Brissy

[Lightning McQueen]

I think its best to contact the ATO directly ... and not rely on the advice on this site

If you have a spare 2 hours

[Ron Burgundy]

heard on the radio in brissy the other morning that they are focusing on auditing electricians, plumbers and telephone techs this year as returns have been to high over the past few years from these industrys. This is australia wide they said not just in Brissy

The ATO are focussing on many trades, and have created benchmarking for the below trades to try and monitor businesses.

• Bricklaying
• Concreting
• Fencing
• Roofing
• Floor sanding
• Painting
• Taxis

The ATO claim that these benchmarks are a way to compare business practices and performances to the industry standard. However, it is obvious that the ATO have a second agenda. THe tax office have employed numerous auditors this tax season, and will use businesses that dont meet the industry benchmarks as examples and "randomly" select them for audit.

The benchmarks include sales turnover. This may affect many tradespeople who include all expenses in the books, but are completing many cash jobs. This will trigger an alarm at the ATO when the sales turnover result is poor, hence it is a good way for the ATO to try and reduce the huge cash market, which is a huge pisser for some.

[Bully]

heard on the radio in brissy the other morning that they are focusing on auditing electricians, plumbers and telephone techs this year as returns have been to high over the past few years from these industrys. This is australia wide they said not just in Brissy

The ATO are focussing on many trades, and have created benchmarking for the below trades to try and monitor businesses.

• Bricklaying
• Concreting
• Fencing
• Roofing
• Floor sanding
• Painting
• Taxis

The ATO claim that these benchmarks are a way to compare business practices and performances to the industry standard. However, it is obvious that the ATO have a second agenda. THe tax office have employed numerous auditors this tax season, and will use businesses that dont meet the industry benchmarks as examples and "randomly" select them for audit.

The benchmarks include sales turnover. This may affect many tradespeople who include all expenses in the books, but are completing many cash jobs. This will trigger an alarm at the ATO when the sales turnover result is poor, hence it is a good way for the ATO to try and reduce the huge cash market, which is a huge pisser for some.

im just going on what i heard on the radio mate. they said they are focusing on the trades that i explained in my fisrt post.

[Ron Burgundy]

And i was just providing further detail on it. Not having a go mate.

[Bully]

And i was just providing further detail on it. Not having a go mate.

its all good

[Johnny Bowla]

I hate this time of year, I work in an office and cant find much stuff to claim. Partner is a teacher, they can claim just about anything. Win some lose some

[westcoastpanther]

I was a tax accountant last year (Council accountant now) so I will show you how last year you could earn $11,000 and get all your tax back, with zero deductions.

Tax on $11,000 = $750 (0-6000 is nil) (6000 - 11000 = 5000 x .15 = $750)

Low income rebate last year was $750, therefore no tax to pay.

Obviously any deductions will increase the amount and this years rebate may have increased, I haven't checked yet, will when I do my own!!

[Ron Burgundy]

Up to $1200 this year WCP

[westcoastpanther]

Up to $1200 this year WCP

Earn 14k this year, pay no tax!! Pretty good really.

Wait for our nice tax rates and rebates to all get clawed back when Labour realise they have to fund all the $900 they have been handing out. We will lose more than the $900 we got, but only the cluey are on to this and everyone else will keep voting Labour which is what they wanted.

[Mic]

Question - I just (annoyingly) found some receipts etc that I didn't claim after recently completing my tax return. Am I able to claim them for next year instead?

[Bully]

Question - I just (annoyingly) found some receipts etc that I didn't claim after recently completing my tax return. Am I able to claim them for next year instead?

wouldnt think so

[toot toot]

Question - I just (annoyingly) found some receipts etc that I didn't claim after recently completing my tax return. Am I able to claim them for next year instead?

no you can't but if they are fairly large receipts & you did want to claim them this year you can amend your tax return, to include them. the tax office will then send you a cheque for the extra refund.

[lesthemechanic]

Question - I just (annoyingly) found some receipts etc that I didn't claim after recently completing my tax return. Am I able to claim them for next year instead?

no you can't but if they are fairly large receipts & you did want to claim them this year you can amend your tax return, to include them. the tax office will then send you a cheque for the extra refund.

And of course there are fees for relodging/amending a previous tax return ...been there done that ( but it was worth it , my previous accountant had lost me quite a deal of monet to the ATO which I luckily was able to get back.)

[Johno6]

how long does it take to receive ur tax return once lodged?

[A Mum]

If electronically through a tax agent or accountant,
or if via 'E Tax' they say 14 days, but usually (all going well) you have it back in about 7.

[Hondo]

This year I got my refund in 7 days using E-Tax

I don't know where Mrs Hondo's is though

[A Mum]

This year I got my refund in 7 days using E-Tax

I don't know where Mrs Hondo's is though

Not sure of your situation,
But if centrelink is 'involved' it can take longer.
(IE family tax benefit etc)

[Johno6]

I did it through E tax around last tuesday...
So im hoping for it back by the weekend...