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tax question- any accountants?
Forums → The Lounge | 34 posts
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guys, i was a tradie for 8 years and have to do a tax return for a couple of years back (as an employee, i’ve never worked for myself). I realise that i no longer have records of some tools etc purchased for work. This was due to a fire which occurred last year at my apartment. I know what I purchased at the time, as it has been recorded in my diary, which i kept each year as a sparky. I always purchased tools in cash to acheive the best price. am i able to sign a stat dec or something if required? or am i just f%*ked because they’re gone? the latter to me would seem very unreasonable…
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Depending on where you purchased the tools from and what sort of tools they were, the store might have records. If you gave any details to the store at the time of purchase (ie, name, address, etc) or if you purchased the items with your credit card, the store might be able to help you. Especially if you have the dates in your diary as to when you bought them. I know where I used to work, if someone could give me a date and name I could generally look back on records and reprint a tax invoice for them. Give that a go!
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Gribbles, you should be able to use your diary as a record providing you have date, total and where purchased from. I have used a diary as a record during a tax audit and it was accepted. terry
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Terry: thanks mate, appreciated
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Gribbles, Don’t want to suggest this is accurate and may not necessarily be the case now but, I also was a naughty (lazy) boy and did not put my tax return in for about 3 yrs. Had bugger all receipts or anything else, went to an accountant and put in returns for the 4 yrs with what I had available. He advised that unless I was self employed, at the upper end of the tax scale or in big business and had the possiblity of actually owing the taxman money, they generally do not worry about it. Lucky for me he was right, got a good refund, no fine for late lodgement and no questions asked. Best $$$ you can spend though is to get an accountant to put the claim in for you though. Hopefully you will come out with the same result.
The key to success is to learn to do something right, then do it right every time. Oh I wish..... |
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a diary n a good accountant should do the trick
If Tiger plays Lefty will he be that good ? |
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Advice from an American accountant – consult a GOOD accountant in person, even if it costs you some money.
"A star that shines twice as bright burns twice as
fast." - In memory of Greg Moore |
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Thankfully for me my wife works for a well known accounting firm and as such we get out accounting and financial planning services free. ;)
<----- One European praying for a fit Tiger in 2 years time.
At least with him in the US Team we can guarantee another Euro
win in the Ryder Cup. ;) |
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How fucked up is your tax code down there? It is really screwed up here in the States.
"A star that shines twice as bright burns twice as
fast." - In memory of Greg Moore |
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Haven’t got a clue yet. I only moved from the UK to QLD in October. I’ll probably not find out until next year as I think I’m due around 2-3k back in tax having not earned enough in the last 3.5 months to cross the threshold. ;) I’ll let you know how fucked it is next year. The UK’s is pretty ficked up though.
<----- One European praying for a fit Tiger in 2 years time.
At least with him in the US Team we can guarantee another Euro
win in the Ryder Cup. ;) |
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The Australien Tax system is very simple really. You go to work to earn money & then proceed to pay most of it back to the government in assorted taxes & fees.
A bad day on the golf course is better than no golf at all.
:( |
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gribbles do your best and tell the taxman your tale. He is not evil.
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Hey gribbles, I am a chef and every year I take a guick photo of all of my tools, like you I pick things up all the time. Also do the same for golfs clubs , tools in garage, stuff in house. I upload the pictures to a USB and keep it at my brothers. I do this is mainly for insurance.
Flush it, chunk it, flush it, chip it, hole it 5 a half! |
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Ari, i never thought of that mate, what a good idea. In my situation it would be good if i’d done that! On another note, if i stay away from home overnight for work reasons i beleive i can claim the reasonable amount for meals (3 square around $21 is the rate i think) each night i’m away from home. I read this on the ato site, has anyone claimed this before and am i indeed correct? once again i have the entries in a diary, but no receipts as they were with everything else…..in the fire….
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It is all about what you can prove with evidence. Any gift I give is related to my job. You don’t give the receipt with the gift do you? Guess where that goes. I did this with our fishing boat too, I don’t care if the boat gets stolen just not the tackle box. Another example, think of the money tied up in CD’s and DVD’s, that a picture of them as well, jewellery, everything. Another thing visit a trade show on holidays.
Flush it, chunk it, flush it, chip it, hole it 5 a half! |
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lol :)
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Always a great idea to include trade shows – I go to Thailand every year for the Jewellery spectacular. Also very good advice from Ari – pics of everything and also remember Gribbles, a diary is a legal document so your diary records are a good thing. Regardless of what Manu thinks of the tax man – he’s a prick and out to get you and everyone else – sometimes that attack all who have purchased personalised plates – the next year, all firefighters and ambos and the next year all chefs etc etc… don’t trust them as they’re government – look at the stinking green paper!!! Another grab off the worker!!
Political Correctness is doctrine fostered by a delusional
minority and by the media, which holds forth the proposition it
is entirely possible to pick up a turd by the clean end. |
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The chefs should be left alone, we get screwed in every other way.
Flush it, chunk it, flush it, chip it, hole it 5 a half! |
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yes mate, i agree with that. i worked at bar and grill when i was at uni. you boys do it tough. much respect
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Yeah but you do get to spit in the food….how do you put a price on that? ;)
Home on The Range |
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Hard to say. saw it done once. Picked up my tools and walked out via the restaurant notifying the customer on the way. The guy was the biggest knob I had ever worked with. Place a complete shit hole. I worked two shifts and left on the third. Wages are so poor the average head chef can’t buy the average house any more. Lowest paid trade in this country. Thanks to pokies and that anyone can put on a jacket and call them selves a chef! Best thing is that people have burning desire to open restaurant, ...........then go broke! Always new places opening up. Perfect example is the Gold Coast. My bitch session for the day. Ari Gold
Flush it, chunk it, flush it, chip it, hole it 5 a half! |
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You’re right Ari, a thankless job. A couple of fellas I have worked with have been chefs (their claim not mine) who got out simply due to wages, hours worked and the inconsiderate aholes that sit out front and expect the world on a plate for a pittance. Final insult is always after you prepare a fantastic meal and they ask “Have you got any tomato sauce” Opening their own restaurant was never an option as it was a one way street to disaster. Hard profession buddy and unless you have hit the top of the stream and your name is known and recognised, a hard haul I would imagine.
The key to success is to learn to do something right, then do it right every time. Oh I wish..... |
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New and greatly simplified tax system for 2008.
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That’s the one!!! Now the stinking commo’s want to stuff around with our Super after little honest johnny gave us tax free exemption the commo peoples want it back and more – dangerous ground to step I’d say!!
Political Correctness is doctrine fostered by a delusional
minority and by the media, which holds forth the proposition it
is entirely possible to pick up a turd by the clean end. |
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So they plan on taxing Super twice them do they? Tax you when it comes off your pay and then tax your pension when you finally get the benefits of your super? Sounds shit to me.
<----- One European praying for a fit Tiger in 2 years time.
At least with him in the US Team we can guarantee another Euro
win in the Ryder Cup. ;) |
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