Damn Taxes!

[GTR_STEALTH]

Just curious to know, how much ppl are getting back on their returns and if anyone uses any of the major tax brokers...

AND

Does anyone here have private health insurance? Who with? What benifits you get? I've been thinking about getting it for a couple years now but cant see the benefits of having it to be honest. The way i see it, either pay $800 to the taxman or $800 to private health which gives you no real gains anyways.

I got pwnd last year for earning above 50K and was only left with a measly couple hundred bucks

[adznight]

$4852, I love tax season

I don't have heath care, wont bother till I need to.

[Morgs]

I love the taxman, he always brings me something nice

Private health is great if you've got all the extras (i.e. hospital etc), but the basic will still help you out (ever had to pay for an ambulance callout?)

[GTR_STEALTH]

(ever had to pay for an ambulance callout?)

True True

...but then wouldnt the Ambulance Cover you can get for $120 p/a cover ya?

I had broken my ankle a couple years back and went to the public hospital where they fixed me right up. No fuss, no hassles....and i didnt feel like it was "sub-standard" treatment. Hence why i cant seem to find a *good* reason to have it. *shrugs*

[inark]

hmmmm... havent put mine in yet... just went to a new taxman. To give you an idea... my mate is with this guy and pays around 22k in tax a year... he gets back 18k a year

hoping mine is something similar... altho it probably wont be until next year.

[GTR_STEALTH]

hmmmm... havent put mine in yet... just went to a new taxman. To give you an idea... my mate is with this guy and pays around 22k in tax a year... he gets back 18k a year

Yer i payed the same last financial...

...i might grab the details of that tax dude off ya ....mmmm instant 18K *drools*

[eMsta]

Just curious to know, how much ppl are getting back on their returns and if anyone uses any of the major tax brokers...

AND

Does anyone here have private health insurance? Who with? What benifits you get? I've been thinking about getting it for a couple years now but cant see the benefits of having it to be honest. The way i see it, either pay $800 to the taxman or $800 to private health which gives you no real gains anyways.

I got pwnd last year for earning above 50K and was only left with a measly couple hundred bucks

Our clients get between $200 and $2,000 on average. One guy got a huge $15,000 return, but thats cos he had a lot of business. It varies really. Even though i work as a tax accountant, i do my own taxes - will be using e-tax this year.

Some clients have the easiest tax returns, yet bring it to us to do it - if I was running the business, Id charge them $50 for the 10 min job instead of $140. Judging by your previous tax returns, you can estimate how much you will get back, if its going to be a lot, then might as well pay for an accountant to take care of it.

[saff_cossie]

A substantial refund largely due to me clocking up in excess of 30,000kms on work trips alone in the past year! Staggering and I have every bill, receipt, service to prove it but definately worth all the log book efforts when the refund came through today. Also pay a lot of tax too.

I took out Private Medical last year after refusing to up until then but needed to as started earning over 50K. Mine is about $60 a month from memory.

My g/f is an accountant and works for her step dad's practice so no fees incurred for my return.

Going to invest the return this year and buy a small present for the Evo.

[Do-Luck]

Last few years I have gotten a healthy return, but I somewhat doubt it will be the same this year

As much as I want those new wheels and all

[Ronin 09]

i get owned by having a small supplementary income and having to withhold my own tax on that income.

I don't withhold... lol

so most years i don't get anything back - but that's better than a year where i had to PAY tax!

[zorb_rules]

I tried doing my tax via the online system today it said I owed the taxman $1462.. what the hell Lol Im 23 earnt 43k last year was taxed nearly 9k and they still want more lol. better be off to see the accountant i think.

[ctjet]

Ill get back all the tax i paid during the year plus about 8 grand... my uncle is a champ

w00t free month long European holiday!!!

Edited July 17, 2007 by ctjet

[krzysiu]

Ill get back all the tax i paid during the year plus about 8 grand... my uncle is a champ

w00t free month long European holiday!!!

How can you get more tax back then you paid?

[krzysiu]

I tried doing my tax via the online system today it said I owed the taxman $1462.. what the hell Lol Im 23 earnt 43k last year was taxed nearly 9k and they still want more lol. better be off to see the accountant i think.

I managed to get you a $105 refund, and that was before deductions (because i don't know what you have to claim).

[ctjet]

How can you get more tax back then you paid?

through a certain type of loan we have with the bank, something about negatively geared tax breaks, dont really know the finer details, but it has everything to do with a Trust im involved in... my uncle set it all up because he's a legend and now everybody involved never pays tax again because we'll always get it all back, plus more

[ferni]

Most people's tax is pretty simple - can do it yourself with etax if you understand basic tax rules.... only when you start getting complex stuff, own business, CGT, big deductions you need to go to an accountaint... i did it one year, they charged me 300$ and got me the same return i would of got if i did it myself.. so i just still do it myself every year...

zorb may have a HECS/HELP debt you haven't included Kris....

If you earn over 50k/y definatly worth having private health - you can either pay $500 to the government for nothing or you can pay $500 for private health and you may get something out of it - i use it for extras etc.... no reason NOT to if you earn over 50k/y.

[inark]

through a certain type of loan we have with the bank, something about negatively geared tax breaks, dont really know the finer details, but it has everything to do with a Trust im involved in... my uncle set it all up because he's a legend and now everybody involved never pays tax again because we'll always get it all back, plus more

this is the exact reason i have gone with a taxman that knows what hes doing and works hard to get me as much as possible. We will be setting up a family trust as well as a business so that next year we can do the same... probably wont get it all back but 90% of what me and my wife pay which is still a car (altho it will be put straight back into our house to pump up our houses value).

Its called Tax Minimalisation people... not Tax Evasion.

[ziad]

i dont think i will be getting any return back this year :-(.

i got free private insurance (well the wife's job pays for family fully insured). as i see it, private insurance is crap, unless you need it ;-) ever heard of waiting lists on public system. one of my friend's brother did his knee while playing game and he had to wait for over 18months and it heart like hell (he ended up paying a private doctor to do it but it cost him over 10k in fees) private insurance then next day no problem. also you have choice with your doctor and do not get a hack, many registrars (as they are basically practising on you... you are their live guinea pig) and quite a few doctors are really really bad, too scary to believe but its true. i heard of one registrar and a surgeon who are banned to operate alone.

pity private does not pay for any part of the specialists fees :-(

also, if you ask the private insurer's staff they will tell you to get ambulance cover, as the insurance company might not class the ambulance callout life threatening enough to warrant them paying for it.

i could do my tax, have been doing it for all the years except the last two, but i am lazy and depreciation and sole trader makes it more time consuming then just paying someone to do it for me.

[Nismo_God]

i thought my 2500 was good...damn

[R31Nismoid]

$4852, I love tax season

I don't have heath care, wont bother till I need to.

Im about the same as you, just a tad short cause i earn a bit less

Although i did get private cover, its worth it Adz for the cost offset if anything.

Gets ya another few hundred $$$ back, better my pocket than the taxman!

Oh, and accountants - SEE ROSSCO