So why are you claiming them?
Because, thanks to Leikela's link, I only just found out that I shouldn't be.
who does there own tax?
- Thread starter investwest
- Start date
Because, thanks to Leikela's link, I only just found out that I shouldn't be.
Hi Wylie, my understanding is that you can't claim a power saw. Correct me if I am wrong.
While I am not an accountant, I think you will find that it may have to do with the amount of IP's and the purpose of purchase. As you said "We use it at the IP's" I would presume the purpose of purchase is to use at the IP's, as opposed to someone who has 1 IP, who purchases a power tool to use personally and might occasionally use it at the IP.
Possible a grey area there.
On another note, we claim all our tools, as they are for use at the IP's.
yeah Ive usecd it for years now, its pretty straightforward. Didnt take long to fill it all out and check everything off now waiting for $3600 !
it's like magic
I love the fact that you do it all by computer, you press a few buttons, click submit, and then hey presto in a few days a few thousands dollars turns up in your account, magic!
I love the fact that you do it all by computer, you press a few buttons, click submit, and then hey presto in a few days a few thousands dollars turns up in your account, magic!
We use e-tax (always have) and Centerlink still ask for our accountant's details and the partnership tax return. The ATO doesn't *issue* partnership tax returns (its combined into your personal one), why is it even on Centerlink's forms? And the ATO has lots of lovely boxes to tick for the foreign income that I earn, Centerlink have this huge mental block when it comes to foreign income and I've still not worked out how to declare it to them, despite trying numerous times. There's no form for it so apparently it doesn't exist Fortunately they can average everything out at the end of the year as anyone else claiming FTA would know, but they still ask ...
Mind you they also want the annual statements, tax return, leases, rates notices and depreciation schedules for my 'investment property' without even considering the fact that it just my old PPoR for sale and I'm not going to make a damn cent off the house in CG, rent or *anything*, never have, probably never will, so why do I need to fill out a 20 page form for the place every 3 months?
Fortunately they can average everything out at the end of the year as anyone else claiming FTA would know, but they still ask ...Mind you they also want the annual statements, tax return, leases, rates notices and depreciation schedules for my 'investment property' without even considering the fact that it just my old PPoR for sale and I'm not going to make a damn cent off the house in CG, rent or *anything*, never have, probably never will, so why do I need to fill out a 20 page form for the place every 3 months?
wow!
Gee! fun for you.We use e-tax (always have) and Centerlink still ask for our accountant's details and the partnership tax return. The ATO doesn't *issue* partnership tax returns (its combined into your personal one), why is it even on Centerlink's forms? And the ATO has lots of lovely boxes to tick for the foreign income that I earn, Centerlink have this huge mental block when it comes to foreign income and I've still not worked out how to declare it to them, despite trying numerous times. There's no form for it so apparently it doesn't exist
Mind you they also want the annual statements, tax return, leases, rates notices and depreciation schedules for my 'investment property' without even considering the fact that it just my old PPoR for sale and I'm not going to make a damn cent off the house in CG, rent or *anything*, never have, probably never will, so why do I need to fill out a 20 page form for the place every 3 months?
Hence wanting to sell the damn house .... waiting ... waiting ... waiting ... grrr.
Do it reasonably early, get your return early ! Landed today !
