View Full Version : Is Tax return time!!

16th July 2007, 06:33 PM
Is Tax return time now....im just wondering how you guys do your??

I just want to get the most get of it!!

Thanx in Advance!

16th July 2007, 07:08 PM
I get my Mummy to do it for me, she runs a book keeping business, I have already done mine and got my money back :)

16th July 2007, 07:17 PM
I normally do my own, as I know what I can claim, tho this year it's a lot more complicated with shares property and a company.. so I pay my tax guy $120 to sort it all out.. to save more money do a excel spreadsheet with all costs and shit already added up for easy reference, no point in paying them moolah for a job you can do..

16th July 2007, 07:22 PM
Anyone who know Damien from Mckern & Associates and his drag car? Grump2?


Damien has been taking care of my accounting for near on 5 years now and has been instrumental in the setup of my businesses.

HIGHLY reccomended.


obey wan boenny
16th July 2007, 07:26 PM
yeah I try to do my own.

16th July 2007, 07:45 PM
shit I just done my own...got few $$$ more done last year!!!


check the site out

16th July 2007, 07:46 PM
yeah I paid a bit of extra tax each week so I got a fair bit back, was like saving but without the bank fees and not having to worry about spending it

16th July 2007, 07:52 PM
tax returns.. boo I got a total of $25

16th July 2007, 08:04 PM
can we still claim fuel as a business expense? I work for my self through a contracting agency I thought I read in the news paper that it can't be done anymore or is that bullplop?

16th July 2007, 08:07 PM
I earned under the tax threshhold so I think I should be getting like $200 back.
Hooray for me!
Now I just have to get it organised <_<

16th July 2007, 08:25 PM
E-Tax Online (http://www.ato.gov.au/individuals/pathway.asp?pc=001/002/014)

Either do it yourself through a Tax Pack or do it with E-Tax (link above)

If it's starts getting complicated, pay someone else to do it, they get the best results for you that way.

Me, well it either myself or an accountant friend (who used to work for a tax return company) to do it. it's easy for me, I earn a wage, have nothing to claim back (didn't buy textbooks this year :lol: ) so all I'm getting back is what was withheld from me during the year. I have no idea what I'm up for yet, probably not much :(

16th July 2007, 08:26 PM
I got $2,200 back

16th July 2007, 08:31 PM
I pay about $70 for a accountant that do jack shit!...This time I rather do it myself,mine's are simple so is all good.

16th July 2007, 08:41 PM
I got $2,200 back[/b]


That was my first reaction, well done!

<div class='quotetop'>QUOTE(DK86)</div>
I pay about $70 for a accountant that do jack shit!...This time I rather do it myself,mine's are simple so is all good.[/b]

Yeah, if it's simple enough to do yourself thats the shot. I'm thinking of doing it myself too, not sure when I can get around to it. And my advice is, if you find a good accountant, stick to them!

16th July 2007, 10:50 PM
Glad to hear that you're up with all the taxation legislation and not ripping yourself off over a couple of dollars.

You obviously know what all your entitlements are and how to get the most from them.


I pay about $70 for a accountant that do jack shit!...This time I rather do it myself,mine's are simple so is all good.[/b]

16th July 2007, 11:18 PM

Anyone know a good account in melbourne for tradesman?

I went to H&R last year, becuase it was so cheap, but I really want to go somewhere that can help set me up for next year.

Tradesman tax returns rock when your an employee!

16th July 2007, 11:31 PM
did anyone else get that shit in the mail about that e Tax shit ?

Dillon Mac
16th July 2007, 11:52 PM
Takumi Tax? :offtopic:

16th July 2007, 11:59 PM
you can't claim travel expenses (ie fuel) for travel from home to work and vice versa.. but if your travelling from work place to work place then you can

keep all reciepts for all tools/equipment/work clothes that you use for work as you can use it to reduce your taxable income

for example. you earn $26,000 from being an apprentice mechanic.. spent 1.5k on new tools used at work

> the first 6k you make is tax free

> the money you make between 6k > 25k gets taxed @ 15%

> the money you make between 25k > 75k gets taxxed @ 30%

26,000 - total income
-1,500 - less work related expenses - tools and shit
24,500 - Taxale income
-6,000 - less tax free threshold
@ 15%
2,775 - tax payable for the fin. year

So if $4,000 (payg tax) has been docked outta of your pay for the fin year then expect to recieve ($4000 - $2775) $1225 back

but yeah generally goes a lil something along those lines depending on HECs/medicare levy etc...

17th July 2007, 01:17 AM
I am yet to lodge a tax return, I have got 3 group cert's piled up now, I only resently got my TFN...

ill probaly go to jail for this...?:P

17th July 2007, 01:38 AM
2 BUCKS woohoo lol

17th July 2007, 02:14 AM
Problems of doing work as a contractor and not setting aside tax (don't earn that much) but I'll again end up owing the govt tax again this year.

It isn't fun.

Edit: At least I've been keeping a proper log of all my work-related travel in the car. Isn't much but I'll claim back as much as I can to reduce debt..


17th July 2007, 02:19 AM
just with your post andru G, I have had over 5g taxed and I got 300 or so back :/ but I get my dad to do mine casue hes an accountant, but usin e-tax is easy, for me anyway. I just claim the washing of my clothes, under 60bux you don't need a reciept or somethin