Messy tax situation - need a Adelaide based adviser

[piholland]

Hi, I have a pretty awkward tax situation and wondered if you guys can recommend a finical adviser based in Adelaide that understands UK implications.

 

Basically I'm now a dual citizen been living and working in the UK for the past ten months and now returning back to Oz next week (yay). I have been offered a continuing position from my UK company to work remotely they have agreed to pay me a hourly rate when I bill them, (This will be paid in £'s in a UK account).

 

I have read and been active in the past on PIA and know there are some lovely ex-pats that can advise me better of what I need to be doing from day one. Would love a face to face over the coming weeks in Adelaide.

 

Cheers_​

[snifter]

You can be self employed here (get an ABN etc) and do contract work for a UK company. Bill them, have the money paid into a UK bank account then transfer it over as and when. Kept all the paperwork and file a tax return as normal when required. Pay Aus tax when due.

 

If you wish to continue to be employed might prove interesting with regards to resident for tax purposes (you can read the UK tax stuff online easy enough to see what qualifies) pension, holidays, sick days, what can be claimed for etc.

Edited December 2, 2015 by snifter
edited

[piholland]

Thanks Snifter, thats a good start, yeh I will be basically self employed I decided against staying on the UK payroll. I just got some confusing info from the UK Gov tax site but thats sounds reassuring and what I basically thought. Cheers

[snifter]

I think we did tax returns and all that for a year or two after leaving the UK (obviously as the tax year had not finished when we left). And think may have filled out something to declare no longer UK tax resident but I may be imagining it.

 

It really wasn't difficult this end. Resident in Aus for tax purposes obviously and accountant did the rest.

 

Keep in mind to put money aside for tax each month It should be pretty easy to calculate the ballpark for what you'll owe.

 

Also you need to look into the self employed working/contracting for one person/company in the longer term. I am not sure when it falls into employed or into dodgy ground in terms of what they consider self employed contract terms if working for the same company. In the long term, its possibly not something you can continue to do, you may need other clients IYKWIM.

Edited December 3, 2015 by snifter
added a bit