Hey Team,
So long story short I haven't submitted my tax return in about a decade. Various reasons but mostly laziness, but anyway..
So I contacted a trusted family accountant and he called me up on the evening 30th of June to organise.
He sent through the paperwork which I am meant to sign so I'm not sure if this is going through for this financial year or last.. but that part doesn't bother me much.
The job title on both my roles are incorrect and the figures seem kinda low.. so a few queries I am hoping you guys might be able to help me with..
He reckons the earliest return I have is for 2017 (1 July 2016 - 30 June 2017) despite my starting working after completing studies in October 2015 and I don't remember doing any returns after that date. Would this be included in 2017 and onwards?
Also.. some years despite working full time and basically the same hours (salary job) my amount earned is less? Could this be because I used annual leave?
I'm thinking I should just trust him cos this stuff is pretty complicated (despite being a law grad and reasonably intelligent this accounting shit is over my head (and yes there is a little bit of this in law, too! but I managed somehow haha)
One really important query.. I did WFH from 2020 onwards.. he took into account the tax situation afforded to basically everyone during the lockdowns etc. here in Vic.. but I was basically WFH all the way until end of 2024.. he said for that he would need to go through 'hours' worked at home.. is he trying to make it easier for himself here?
He wants to charge a little over a grand for all the returns 2017 - 2024 and these aren't particularly complicated returns.. no real deductables to speak off. Just wondering if I am getting ripped off?
Thank you!!
Holy shit dude, I don't want to dunk on you but you really need to get yourself together. Also, "reasonably intelligent" people usually don't feel the need to say that they are "reasonably intelligent", I'm not sure what's a poorer representation here - you needing to say you're "reasonably intelligent", or the rest of your post.
It's not that you're not an expert in tax law or accounting, but just the general lack of attention to detail, carelessness, and blatant disregard for the law is astounding.
What do you mean by this not bothering you too much?
Which financial years he's acting on behalf of you for is absolutely critical.
Again, attention to detail.
The job title is broadly irrelevant - it should ideally be somewhat reflective, but there are jobs for which the exact title will not exist.
When you say "figures seem kinda low", what "figures" are you referring to? Again, attention to detail.
You need to go back and check your records, again - attention to detail.
You can use the ATO tool to determine whether you need to file a tax return or not: https://www.ato.gov.au/calculators-and-tools/tax-return-do-i…
You need to check your records - again, attention to detail. How are we supposed to know?
Sorry, but this is bollocks. You're using "it's so difficult" as a way of avoiding responsibility and doing what every taxpayer in the country needs to do.
Yes, certain elements of accounting and tax law can be difficult - depreciation schedules, deferred losses, trusts…etc. However, if you are PAYG, it's dead simple. If you have nothing to claim, you can basically just "next, next, next" and that's it. You basically just need (wait for it) attention to detail, and to make sure the pre-filled figures are right.
Unless you have investments, property, or other complex financial structures, it should be dead easy. Most people don't claim more than a few work-related capital items and expenses, which you can just put directly (for write-offs below $300, or expenses) or into the capital depreciation tool.
What do you mean by "make it easier for himself"? How much WFH expenses you can claim (using the fixed method) is dependent on the number of hours you worked at home.
For 2024-25, the rate is 70 cents per hour, so calculate how many hours you worked at home, then times it by 0.7 to get the amount you can claim.
See: https://www.ato.gov.au/individuals-and-families/income-deduc…
Did you bother looking for answers to your questions?
Yeah, probably. But if you're too lazy to just "next, next, next", then you're probably a prime candidate to get ripped off anyway, so who knows.