nicolemcmilllon » user profile

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Member Since 19/10/2016
Last Seen 3 hours 36 min
Location Sydney
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You are still required to submit a return. She must have a tax file number or her work would not be able to pay her. I assume that...
30/10/2019 - 10:04
Hi All, Wanted to remind everyone that income tax returns for those who do not use a tax agent are due to be lodged by Thursday 31 October...
29/10/2019 - 16:53
By doing your tax returns you will be carrying forward these losses. First year will be diff as you will be a resident for part of the year...
28/10/2019 - 09:00
You have to do a tax return in Australia every year. For the first year you will get a pro rata tax free threshold. In subsequent years,...
28/10/2019 - 08:44
Don't come into effect until 1 July 2019.
10/09/2019 - 14:06
You can claim the interest and any other council rates etc paid provided the house is being built as soon as practically possible and you...
10/09/2019 - 08:32
Just wanted to give everyone a heads up about PayPal deposits. The ATO now has these details (they may have had them for a long time) but...
05/09/2019 - 10:24
I have assumed a few things based on my decades of doing tax returns. I will try and give you the other side of the story in situations...
02/09/2019 - 11:07
They know that it was lodged by an agent. Logically speaking, an agent has guidelines to follow and professional standards that they must...
06/08/2019 - 08:40
cheers mate
04/08/2019 - 09:32
They're most likely still outstanding. If you have a tax agent they would be able to tell you if the ATO knows they are outstanding. We can...
02/08/2019 - 15:07
nicolemcmilllon was awarded a badge.
02/08/2019 - 14:40
I wouldn't know, I don't use myTax. I would assume it does it automatically. Just wanted the poster to understand what was included in the...
02/08/2019 - 10:43
Yes of course. I just meant that the audit is costly for the ATO and they have to use their already streched resources. The little note on...
02/08/2019 - 10:26
Those warnings are basically a cheap way for them to get you to stop overclaiming the next year. Its a scare tactic that doesn't require...
02/08/2019 - 10:19
In your wife's return you need to include your adjusted taxable income. Which means your income from employer less your deductions and add...
02/08/2019 - 10:16
yep thats correct
02/08/2019 - 10:14
They have benchmarks. But they depend on the industry you're in, the amount of income you have, the type of income you have. So many...
01/08/2019 - 22:26
Just claim 50% of it. If for whatever reason you are not reimbursed by your employer then go back and amend the return to claim full amount.
01/08/2019 - 22:24
I read that yesterday, the wedding one really made me laugh.
01/08/2019 - 16:13
Were they enquiring about a particular matter? What did they find? Hell on earth is the Lakers not making the playoffs for the past 6 years!
01/08/2019 - 16:05
Most likely not. Salary is easy to trace. It gets reported. Distributions from trusts also get reported in the trust tax return. Being...
01/08/2019 - 14:15
Yes, when lodging your return it isn't really checked at all. You can be audited for up to 5 years after lodgement. If you do the right...
01/08/2019 - 14:13
If you are an employee, and don't have a rental property or other investments, it is very rare that you will have many deductions....
01/08/2019 - 12:00
Try to keep as best a record as you can. Most of the time the ATO won't know whats going on because there are just so many buys and sells....
01/08/2019 - 11:52
I don't think it makes a difference. I think most of their flagging comes from data matching or set algorithms using current and historic...
01/08/2019 - 10:38
no unfortunately you cant
01/08/2019 - 09:44
Might be talking about the Tax Avoidance Taskforce. They have a view of recouping 3.7b or something around that. Depending on your...
01/08/2019 - 09:38
lol
01/08/2019 - 09:35