0708 tax return monies?

[Farlig]

what will you be doing with your tax return?

i have no plans at the moment hehe

[Emackulation]

Oh I get the question now....ill just keep it in the bank.

[natas.308]

might buy myself a new laptop, and maybe a new carby for the 308

[BullittSV6]

Slap an extra payment on my HECS debt, buy a K&N Filter, put a little into my high interest savings account and put the rest towards my car loan.

[Fr3ak+--]

insurance

[Farlig]

hmm hecs is a good idea to get rid of, i loose what 100 bux a week in extra tax from that grrr so do i ring up satac or whatever they called now to get my details azzurri? i should investigate that. and does the 25% off still apply if you pay lump sums ?

[Grennan]

Buying new tyres. Yeah exciting. Probally get some other bits and peices fixed up ready for a RWC.

[BullittSV6]

hmm hecs is a good idea to get rid of, i loose what 100 bux a week in extra tax from that grrr so do i ring up satac or whatever they called now to get my details azzurri? i should investigate that. and does the 25% off still apply if you pay lump sums ?

I'm not sure exactly how you place the payment its something I will look at soon. Its either 10% or 25% off of lump sum payments over $500 I think. I get a $132 coming out of my fortnightly pay so I'm keen on getting it out of the way.

EDIT: There is a whole heap of info on the ato webiste for paying HECS

Higher education loan schemes essentials

[minux]

Straight onto the principles of our mortgages.

[EvoVIIIJDM]

Straight onto the principles of our mortgages.

i hear that. agreed.

[Reaper]

Slap an extra payment on my HECS debt, buy a K&N Filter, put a little into my high interest savings account and put the rest towards my car loan.

hmm hecs is a good idea to get rid of, i loose what 100 bux a week in extra tax from that grrr so do i ring up satac or whatever they called now to get my details azzurri? i should investigate that. and does the 25% off still apply if you pay lump sums ?

WTF pay off your HECS debt??? It is *the* cheapest loan you will ever have. Just bang the money into even an averagely performing cash management fund will return more after tax $$$ then your HECS interest. Hunt around and you should find a term deposit that will pay even more.

Reaper

[CSP]

Depost for another investment property most likely...

[BullittSV6]

WTF pay off your HECS debt??? It is *the* cheapest loan you will ever have. Just bang the money into even an averagely performing cash management fund will return more after tax $$$ then your HECS interest. Hunt around and you should find a term deposit that will pay even more.

Reaper

It will be a small portion of the total refund I get and most of the money would be going to pay off my car and my high interest savings so if I have those bases covered whats the harm in tackling my HECS at the same time.

[BANKS]

To add to the question, how do you get the maximum out of your tax return? what do you claim for?

[minux]

To add to the question, how do you get the maximum out of your tax return? what do you claim for?

Working from home primarily I claim percentages on everything as well as depreciate certain things. Last year took 6 hours with my sister in law to get my tax done heh.

[stocky]

To add to the question, how do you get the maximum out of your tax return? what do you claim for?

depends where you work. its too hard to say.

ill probably stick mine into my savings account and let it earn interest. 7% interest FTW

[vicarious]

going into another investment house

[Typho0n]

new 3.9 diff with Kass LSD, and have a long weekend out in town

[Shounak]

Going straight into my managed funds.

[Shounak]

To add to the question, how do you get the maximum out of your tax return? what do you claim for?

Anything you paid for that helped you earn your income. You're a painter, so did you have to buy anything for your job?

Uniforms? Washing your uniforms (even if you do it at home)?

If you spent it to earn, it's a deduction. Put very simply.

[CSP]

To add to the question, how do you get the maximum out of your tax return? what do you claim for?

Absolutely EVERYTHING you're entitled to.

[Cobez]

Mine's going straight into my savings which currently holds my VS Clubsport wad of cash. Should bump it up to almost $14k.

Pity all the Clubby's i have looked are CRAP!!!!!!!!

[BANKS]

Anything you paid for that helped you earn your income. You're a painter, so did you have to buy anything for your job?

Uniforms? Washing your uniforms (even if you do it at home)?

If you spent it to earn, it's a deduction. Put very simply.

A couple of tools, a lot of k's on my car, about 7000. I've kept all the receipts from the fuel plus dates and k's of the trips i made, is that enough?

Umm, yeah new shoes and pants etc, have all the receipts for them as well.

But there’s electronics that I have bought, a camera, which is used only for work. GPS for getting to sites lol

But what else can I claim? I heard you can claim up to $300 on curtain things without receipts, this correct?

i like tax time = mod time

[natas.308]

PAY FINE!!!! it only 1400 bucks

[Farlig]

A couple of tools, a lot of k's on my car, about 7000. I've kept all the receipts from the fuel plus dates and k's of the trips i made, is that enough?

Umm, yeah new shoes and pants etc, have all the receipts for them as well.

But there’s electronics that I have bought, a camera, which is used only for work. GPS for getting to sites lol

But what else can I claim? I heard you can claim up to $300 on curtain things without receipts, this correct?

i like tax time

i think your camera and gps will already exceed the 300 so it wont matter.

clothes and shoes are not tax deductible unless they are job SPECIFIC, so normal shirts and **** are not deductible, unless they have logos etc.

i always deduct % off my calls txt etc, throw in some km's from car, i keep all receipts so if ATO want to check i'l throw them the whole lot and say here sort through this mess and organise it alphabetical for me