Telcius » user profile

Member Since 30/10/2016
Last Seen 06/10/2021
Location Launceston

Recent Activities

If you view the lodgement history and view details the lodged return will contain a 'Tax Agent's Details' return if lodged by an agent or a…
10/07/2021 - 13:54
Is he a registered tax agent? https://www.tpb.gov.au/registrations_search
09/07/2021 - 13:06
Evaporation?
24/03/2021 - 08:56
Stamp duty is pretty big financial hurdle for the non-wealthy to buy a new property, I'd bet there would be significantly more property…
19/11/2020 - 10:16
The biggest flaw with your argument is assuming people should live in the same house for 30-50 years. If people are selling and buying a…
19/11/2020 - 09:07
They probably want to claim for the December quarter - but as the full benefit needs to be onpaid I can't figure out a benefit to them if…
16/10/2020 - 11:46
Full time employees have a lot of entitlements contractors don't, but that is why contractors get the bigger pay cheques. A pay decrease of…
22/07/2020 - 13:06
You can use Etax - costs about $70 if you pay up front. I wouldn't typically reccomend them, but in your case it's probably the most cost…
22/07/2020 - 12:59
If they're prepared to go to those lengths why would they bother? They'd just claim thousands of dollars in GST refunds for materials never…
04/06/2020 - 14:13
My spouse had a novated lease and that's what happened. Even though the intereste rates were higher it also ended up being cheaper through…
18/11/2019 - 15:47
They have to allow for those costs; if you don't end up needing them/using your full fuel allowance then you get the excess funds at the…
18/11/2019 - 15:42
Not only reasonable it's correct - payroll liabilities are accrued on a cash basis, i.e on pay day. I doubt any employer you've worked for…
31/10/2019 - 11:23
Do you already have your Tax Agents Registration and Puplic Practice Certificate, and if not have you actually checked you meet the…
16/09/2019 - 14:19
I beleive it's called a term's contract and I have only ever seen it over short periods i.e one to two years; generally when the buyer and…
08/08/2019 - 14:31
Trust's are a bit of an outlier; the default position is cash basis for pretty much everything related to individuals.
25/07/2019 - 15:08
There's plenty of calculators to work out exactly how much you'll get.
05/07/2019 - 15:01
You provide the trustee with a signed retirement declaration stating something along the lines of: Please be advised that I am currently 60…
17/06/2019 - 12:58
I'd suggest its most likely business owners or share traders operating as sole traders. Could be 1.2 million sales with 1.1 million…
16/05/2019 - 13:02
I wouldn't classify it as rare at all. I've seen plenty of returns have claims in the thousands, and the majority have not been subject to…
15/05/2019 - 11:44
Best question, investing primarily for tax reasons rarely works out.
13/05/2019 - 12:15
Telcius replied to [Deactivated] on Shares and Tax / Capital Gains
no deductions allowed against Capital Gains without paperwork.... The tax free threshold applies up to $18,200 and then there is some tax…
13/05/2019 - 12:12
Good idea - From the vague details provided I assume the loss would be a large proportion of his employment income and generate a…
26/04/2019 - 12:41
You should speak to an accountant for some certainty as opposed to being confused by some of the guesswork in this thread.
05/03/2019 - 11:47
You'll have 75K to invest! The interest/fees are deductible however interest rates are low at the moment. I think your decision should be…
13/02/2019 - 11:43
So just buy it outright unless you think you can achieve a better return on the stock market?
13/02/2019 - 10:02
Just an FYI you can only claim GST and depreciation up to the depreciation cost limit (2018-19 it's $57,581), - not the full value of the…
13/02/2019 - 09:58
I have helped a few people access some - on a couple on medical grounds, and one for financial duress. If you get a few doctors to say…
07/01/2019 - 13:45
I'd be more stressed about a tax agent advising you to amend to remove legitimate deductions from your return! The whole point of a tax…
10/12/2018 - 09:22
I've worked in public practice and seen dozens of them, process was to check the claims thoroughly and in most cases no action was required…
05/12/2018 - 14:10
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