TAX TIME....finally!

[Ralliart]

wahoo : i hope i get more than last yr, since I've earn more than lats yr 2

[sfr rob]

Originally Posted by Outbackjack

Tax return???? I only ever pay more!!

I am with ya brother!
doesn't it make you sick? Just as you start getting on top of things, you get the next lot of tax to pay come in!!!!! Arghh.
I think I might go back on wages one day, stuff working for your self.

[Psycho Chicken]

The tax that gets docked from your pay every fortnight, is that calculated as if you were earning that amount for the entire year?

So if you took a pay cut you should get a decent return? Before deductions of course.

[MR_LON]

probably SFA like usual, had to pay $24 last year ******* rip off **** of a government. i normaly do my own tax as i cant see any sense in paying $60 + to get it done by a pro when i get less than that back

[schnoods]

My return is going to a blower for my XR. Halfway there at least. :

[bArNsY]

Originally Posted by BFXRScott

By the way Im an accountant : :

me to

[ClassicAU]

Manual conversion!! Well, i doubt my tax return will be the entire amount, but it will help a fair bit.

Evan

[FPV GT]

Hate this time of year.

Really hate the following March even more.... thats when I make payment on the outstanding tax.
Have had to pay extra tax every time, so I cant see why this year will be any different.

Regards
Paul

[Ralliart]

Originally Posted by Psycho Chicken

The tax that gets docked from your pay every fortnight, is that calculated as if you were earning that amount for the entire year?

So if you took a pay cut you should get a decent return? Before deductions of course.

every week for me :

[AU2PWR]

e-tax , earnt 31000 , paid 5600 tax , gettingback 2300 .. i love it !

[Ralliart]

Originally Posted by AU2PWR

e-tax , earnt 31000 , paid 5600 tax , gettingback 2300 .. i love it !

done my est tax return ( Not the final one)

1.earned : $28041
2. paid In tax : $7451
3. getting back = $4040 wahoo yeah baby : : :

[charles_wif_xf]

Just did my one: taxable income $105,890, tax payable $41,324, I paid $44,400, refund due to me $3,075.

[MITCHAY]

Originally Posted by merlin

Hmm full 3" inch exhaust for me I thinks....thats if I don't owe them money like I did last year...

Yeah I got home and I was told I owed $900. I waited to the last minute to pay it too.

The timing was absolutely crap as I just forked out about $33k cash with my car :

I hope I overpaid tax by heaps and get a massive refund. Wishful thinking I reckon.

[crYnOid]

I got $7.7k back last year, i'm expecting more this year :

[ebxr8240]

Love this time of year and can't wait to down to accountant...
Usually get between $10 and $15k back...Hmm ??
Holliday to U.S ??

[4.9 EF Futura]

Originally Posted by Psycho Chicken

The tax that gets docked from your pay every fortnight, is that calculated as if you were earning that amount for the entire year?

Usually.

So if you took a pay cut you should get a decent return? Before deductions of course.

All other things being equal (they rarely are) then yeah you would have been overtaxed pre-paycut.

[I FluXx I]

how do you guys get heaps of money for your tax returns? Iv been working the whole year and pay pretty much the exact amount of tax that im meant to.

What can I claim?

[SiKoRa_eL_97]

Originally Posted by charles_wif_xf

Just did my one: taxable income $105,890, tax payable $41,324, I paid $44,400, refund due to me $3,075.

wtf i dont understand that y do u get so little if u got taxed so much?

[Eb Barbie]

I wouldnt have a clue how much I'm going to get back. Working in a fulltime job for the first time, been there 6months but I'm only on a trainee wage. Had part time jobs when I was in school but they were cash at clothing alterations/dry cleaners. Now I'm Admin trainee fulltime @ Franga Hospital. I have no clues about tax :(

[Ralliart]

Originally Posted by ebxr8240

Love this time of year and can't wait to down to accountant...
Usually get between $10 and $15k back...Hmm ??
Holliday to U.S ??

Dam i'd love to get that much back

[Black F6]

Thing is though, you have too pay that much tax in the first place, so he would be paying a crapload of tax!!!!!!

[gozza]

Mines funding a Vocal booth and Mics and Studio Monitors

[TZENU]

As an accountant i hate tax with a passion :togo: ... Although it is a good time to charge some mates for my services :

[Black F6]

Originally Posted by TZENU

As an accountant i hate tax with a passion :togo: ... Although it is a good time to charge some mates for my services :

Charging for cashies, on the side, us accountants don't do that : : :

[XR06T]

my tax where i work is calculated to the dollar, so when im here for a full year my return is something like 4$ haha

not sure this year, had 3 jobs, but still got last years bill to pay.

[DEVL-XR]

I'll be using part of my tax money to get a wade 1673 cam, cant wait! The rest of the money might go towards wheels or I'll just save it. Not sure what I'll be getting back tho.

[FordFan86]

Originally Posted by Powdered Toast Man

Did you nominate that you owe HECS on your payment form when you started work or told your pay department. If so then by rights they should have been taking out your HECS payments each pay as extra tax. If you have to pay more it's because they didn't take out enough, which is what happens with me. But I know about it and am prepared, next year should be sweet though.

It's a percentage of your gross wage/salary depending on what you earn. The percentage goes up the more you earn so it's an exponetial growth in your tax deductions.

Nope, started working there while I was in high school (almost 4 yrs now!) so unless my boss has taken the initiative and taken extra tax out for HECS I don't think so... I kindly asked them to take out $5 extra per week anyway in the hope of getting 52*5$ back at tax time :P

I earn too much to get youth allowance or anything like that so all I can do is wait till I have my group cert (and wonder where the hell all the money it says i've earnt has gone!) and go from there.

[MITCHAY]

Originally Posted by charles_wif_xf

Just did my one: taxable income $105,890, tax payable $41,324, I paid $44,400, refund due to me $3,075.

Hardly any incentive for me to earn big money when I read this. The more you earn the more you get raped by ATO :

When I get a full time job I'd still like to do my current job on Saturdays for play money. Me thinks I'll be asking for cash in hand :P

[blueoval]

I got a feeling Im paying tax this year. :(

[codrin]

I usually get $1500 - $1800 back, had a few more "work" related expenses this year so.... Injectors and Flash for the F6. WOOOO HOOOOO!!!