jo_marnes

Tax return - costs?

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    How much do people charge to do tax returns for you? Wondering if it's worth it or try and struggle ourselves. Only claiming for 10 weeks work so not sure if we'll get that much you see. Thanks,

     

    Jo xx

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    As long as you have not earnt more than your allowance you will get all of your tax that you have paid returned, its around $100 for soemone to do your tax return for you.

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    As long as you have not earnt more than your allowance you will get all of your tax that you have paid returned, its around $100 for soemone to do your tax return for you.

     

     

    what do you mean by allowance hun?

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    There's loads of tax accountants, Ash & I saw a lady on the South Rd, she charged us $125 for us both, it was $145 but because I had only done a few cinema shifts she didn't charge us the full amount, our tax went to them & then they deducted their fee & deposited the money into our nominated bank account, it took about 2/3 weeks max !!

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    Guest caoimhe
    How do you know what your allowance is?

    The full years taxfree threshold is $6000, if you haven't been here a full year it is $500 for each month ie we arrived 25th November so our taxfree threshold this year is $4000 (8 months x $500) we still get the $500 allowance for Nov even though we weren't here the full month.

    If you have any interest on savings or dividends that is taxable income as well.

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    Guest the4hopes

    Theres a sign up on Marion road near Cross road tax returns from $55

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    We've been here since March so would we have an allowance of $2000 then? As thats what Mark has paid in tax so far. So he should get that back then??

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    if you haven't been here a full year it is $500 for each month.

     

    Is that working months or months in the country? We arrived in March but didn't start work until April.... sorry for all the questions!

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    Guest caoimhe
    Is that working months or months in the country? We arrived in March but didn't start work until April.... sorry for all the questions!

    Its months in the country, if you arrived in March you will be entitled to $2000 tax free allowance, you may also be entitled to a low income tax offset aswell. If I remember right you are on a temp visa like us and therefore not entitled to family tax benefit part B if thats right Mark should be entitled to a dependant tax offset aswell, these will be pro rata on the time you were here but every little helps. If he has bought any tools for his job or had any expenses for 'work related uniforms' he will be able to claim up to $300 without having kept receipts.

    From July keep all receipts for any neecessary work expenses and you will be able to claim them all. Also keep any reciepts to do with medical expenses as if you go over $1500 a year you can claim a tax offset of 20% on the excess.

    Personally I would recommend using a tax agentfor this year at least and finding out abit more about what are entitled to claim as there are loads of different rules and regulations. You can claim the cost of the tax agent and any travel expenses incurred to see them, in next years return.

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    what do you mean by allowance hun?

     

    You allownace is how much you can earn i the hyear before you should pay tax, lets say you have an allownace of $6k but you have not earnt the $6k but you have been paying tax, you will get all of the tax you have paid back...make sense?

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