Telcius » user profile
Member Since | 30/10/2016 |
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Last Seen | 06/10/2021 |
Location | Launceston |
Recent Activities
If you view the lodgement history and view details the lodged return will contain a 'Tax Agent's Details' return if lodged by an agent or a…
Is he a registered tax agent? https://www.tpb.gov.au/registrations_search
Telcius commented on Fuel Pump Is Not Accurate
Evaporation?
Great initative!
Telcius replied to SydBoy on NSW Government Proposal to Scrap Stamp Duty and Replace It with Annual Land Tax
Stamp duty is pretty big financial hurdle for the non-wealthy to buy a new property, I'd bet there would be significantly more property…
Telcius replied to SydBoy on NSW Government Proposal to Scrap Stamp Duty and Replace It with Annual Land Tax
The biggest flaw with your argument is assuming people should live in the same house for 30-50 years. If people are selling and buying a…
They probably want to claim for the December quarter - but as the full benefit needs to be onpaid I can't figure out a benefit to them if…
Telcius replied to cameldownunder on Employer Wants to Convert My Employment Type from Contractor to a Permanent Position - What Kind of Things Should I Ask/Know?
Full time employees have a lot of entitlements contractors don't, but that is why contractors get the bigger pay cheques. A pay decrease of…
You can use Etax - costs about $70 if you pay up front. I wouldn't typically reccomend them, but in your case it's probably the most cost…
If they're prepared to go to those lengths why would they bother? They'd just claim thousands of dollars in GST refunds for materials never…
My spouse had a novated lease and that's what happened. Even though the intereste rates were higher it also ended up being cheaper through…
They have to allow for those costs; if you don't end up needing them/using your full fuel allowance then you get the excess funds at the…
Not only reasonable it's correct - payroll liabilities are accrued on a cash basis, i.e on pay day. I doubt any employer you've worked for…
Do you already have your Tax Agents Registration and Puplic Practice Certificate, and if not have you actually checked you meet the…
I beleive it's called a term's contract and I have only ever seen it over short periods i.e one to two years; generally when the buyer and…
Telcius replied to brad1-8tsi on Rental Income Paid in Advance - Included in Current Financial Year?
Trust's are a bit of an outlier; the default position is cash basis for pretty much everything related to individuals.
There's plenty of calculators to work out exactly how much you'll get.
Telcius replied to cateyneow on Get Government Co Contribution and Withdraw The Entire Sum from Super
You provide the trustee with a signed retirement declaration stating something along the lines of: Please be advised that I am currently 60…
I'd suggest its most likely business owners or share traders operating as sole traders. Could be 1.2 million sales with 1.1 million…
I wouldn't classify it as rare at all. I've seen plenty of returns have claims in the thousands, and the majority have not been subject to…
Best question, investing primarily for tax reasons rarely works out.
no deductions allowed against Capital Gains without paperwork.... The tax free threshold applies up to $18,200 and then there is some tax…
Good idea - From the vague details provided I assume the loss would be a large proportion of his employment income and generate a…
You should speak to an accountant for some certainty as opposed to being confused by some of the guesswork in this thread.
You'll have 75K to invest! The interest/fees are deductible however interest rates are low at the moment. I think your decision should be…
So just buy it outright unless you think you can achieve a better return on the stock market?
Telcius commented on Business Owner Here Need to Purchase a 75k Car
Just an FYI you can only claim GST and depreciation up to the depreciation cost limit (2018-19 it's $57,581), - not the full value of the…
I have helped a few people access some - on a couple on medical grounds, and one for financial duress. If you get a few doctors to say…
I'd be more stressed about a tax agent advising you to amend to remove legitimate deductions from your return! The whole point of a tax…
I've worked in public practice and seen dozens of them, process was to check the claims thoroughly and in most cases no action was required…
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