Difficult Situation (1 Viewer)

[LaZy_KoReAn]

I'm confused with doing the tax return, i never did one before yes i've worked before but i never made a claim saw no point. But now i did earn a significant amount of money for the first time i WANT / NEED my tax back.

My situation is that over the past 9 months i've worked with a few employment agencies, a couple i've worked with 2months, 2 weeks etc... how did i get my proper figure? I mean i received payslip's but never collected them and i see this as a problem, anyone in a similar situation or know of anyone.... how do i handle this situation in regards to making a tax claim what is the best way to go about it? I want to prepare in advance so i dont need to stress about it... please help me

 

[jumb]

Get all your group certificate then place all of your earnings into the eTax program that the ATO releases to do your tax online. It will work everything out.

 

[Skittled]

Also note that your Group Certificates should be posted to you with total earnt figures, AFTER end of financial year... When depends on how good the employer is, but they should come eventually.

eTax is the way to go. Grab it from the ATO's website, follow the prompts. Don't bother with the paper forms...

 

[doe]

or go see h&r block/itp/one of the other companies who specialise in tax returns and get them to do it for you. it will cost between say $90 - $150 which is tax deductable, and means you stress way less, and probably end up with the best return you can get.

 

[Skittled]

Do they really make it so much better? I mean, they know how far they could twist things, but are they worth that extra $90-$150? ...Iwonder what they'd think about me claiming uni expenses as self-education stuff... hmm...

 

[LaZy_KoReAn]

Get all your group certificate then place all of your earnings into the eTax program that the ATO releases to do your tax online. It will work everything out.

http://www.etax.com.au/

correct? Is it tax free?

 

[townie]

http://www.etax.com.au/

correct? Is it tax free?

nahuh, they is being accountants, in fact, if i remember, the ATO tried 2 shut down that site becuase people got the impression it was a government endorsed one, it is not, they are accountants. once the tax year ends (June 30th) etax on the www.ato.gov.au site should open.

edit: http://www.ato.gov.au/individuals/content.asp?doc=/content/39979.htm

e-tax allows you to prepare your tax return and baby bonus claim electronically and lodge online.

e-tax 2005 is currently under development and will be available on 1 July 2005.

 

[LeftrightOut]

...Iwonder what they'd think about me claiming uni expenses as self-education stuff... hmm...

textbooks etc you have a good chance. HECS you can't unless it is directly related to your current employment situation.

 

[doe]

Do they really make it so much better? I mean, they know how far they could twist things, but are they worth that extra $90-$150? ...Iwonder what they'd think about me claiming uni expenses as self-education stuff... hmm...

well depends. worth finding out though. for instance you can claim upto $300 a year pretty easy, add to that the fees and its a $400 deduction already.

i just cant be bothered doing it myself, so im happy to pay an expert to do it, one less thing i need to worry about.

 

[yenta]

textbooks etc you have a good chance. HECS you can't unless it is directly related to your current employment situation.

You can get a tax deduction on textbooks???? How would this work?

 

[Skittled]

textbooks etc you have a good chance. HECS you can't unless it is directly related to your current employment situation.

well depends. worth finding out though. for instance you can claim upto $300 a year pretty easy, add to that the fees and its a $400 deduction already.

Not to steal the thread (too much), but aren't you only meant to claim it as a tax deduction if it contributes to your current employment? I'm a business student, so that's easy enough (just start a small business which doesn't make a profit for the next few years...), but lets say I was a Law student -- I can't go and claim that the education now will better my current job (ie Retail... it'll cause me to get a NEW one, not better my existing one)... (see ATO.gov.au/....)

Maybe I should ask the pro's. Sure they could scam something for $90-$150 for me...

 

[LeftrightOut]

Not to steal the thread (too much), but aren't you only meant to claim it as a tax deduction if it contributes to your current employment?

That's why I suggest seeing a professional. Self education won't go against centrelink earnings anyway so if you are contemplating it it means you are employed to some extent, and I am sure some of your courses have relevance to your current job no? Remember you might not be able to get the whole lot but if some has relevance it is one step closer to being a proper deduction. I am about to put $10k worth of self education expenses on my next tax return

http://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR989/NAT/ATO/00001

 

[Skittled]

Damnit.
You must spread some Reputation around before giving it to LeftrightOut again.
Ta, dude! Esp for the link!