ABN number tax return??? help
Jun 26th 2009, 11:15 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Queensland
Posts: 140
ABN number tax return??? help
I,m new to this so don,t really understand what to do.
firstly on on a student visa and working on an ABN.
I,ve been working in Aus since febuary and have earned only around $3000.
My agent recommends I go and see an accountant and pay around 100$ to get my files checked? is this correct?
she also says cause i,m only earning a small amount I won,t have to pay tax on it?
also i,ve no expenses to clame back.
any help or advice please.
firstly on on a student visa and working on an ABN.
I,ve been working in Aus since febuary and have earned only around $3000.
My agent recommends I go and see an accountant and pay around 100$ to get my files checked? is this correct?
she also says cause i,m only earning a small amount I won,t have to pay tax on it?
also i,ve no expenses to clame back.
any help or advice please.
Jun 26th 2009, 11:46 pm
#2
Guest
Posts: n/a
Re: ABN number tax return??? help
2008/2009
Low income earners under $14,000 will pay no tax, due to the Low Income Tax Offset.
Low income earners under $14,000 will pay no tax, due to the Low Income Tax Offset.
You will still need to lodge something with the Tax office, but ask the local tax agents if they do a student special rate. In my area there are some that advertise these for $65.
There are also tax volunteers, set up by the ATO, for low paid earners ($40,000 or less), to do simple returns for free. There are about 800 of these Tax Help centres in Australia available between July - October each year.
Your return would probably take 5-10 minutes.
Every year I consider volunteering for that, but never get around to it, maybe I will next year
Jun 29th 2009, 1:31 pm
#3
Forum Regular
Joined: Jan 2009
Posts: 140
Re: ABN number tax return??? help
That is for the full 12 months, so pro rata for 5 months = No tax on $5,800 income.
You will still need to lodge something with the Tax office, but ask the local tax agents if they do a student special rate. In my area there are some that advertise these for $65.
There are also tax volunteers, set up by the ATO, for low paid earners ($40,000 or less), to do simple returns for free. There are about 800 of these Tax Help centres in Australia available between July - October each year.
Your return would probably take 5-10 minutes.
Every year I consider volunteering for that, but never get around to it, maybe I will next year
You will still need to lodge something with the Tax office, but ask the local tax agents if they do a student special rate. In my area there are some that advertise these for $65.
There are also tax volunteers, set up by the ATO, for low paid earners ($40,000 or less), to do simple returns for free. There are about 800 of these Tax Help centres in Australia available between July - October each year.
Your return would probably take 5-10 minutes.
Every year I consider volunteering for that, but never get around to it, maybe I will next year
sorry this is not related to this thresd but since i think that you have knowledge about the Australian Tax, could you please confim me this...
I am palnning to come to Aussie in December and started to do the foundation course of Taxation Institute of Australia since some receommended that this is a very good practical course and i am studying for this through distance learning now...
Do you know whether this is a recognised course in Australia? I think that i can gather a very good knowledge about the Aussie tax through this but the worry is whether it will be recognised by Aussie employers?
your advise is greatly appreciated.
Ramzi..
Jun 29th 2009, 2:06 pm
#4
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: ABN number tax return??? help
That is for the full 12 months, so pro rata for 5 months = No tax on $5,800 income.
You will still need to lodge something with the Tax office, but ask the local tax agents if they do a student special rate. In my area there are some that advertise these for $65.
There are also tax volunteers, set up by the ATO, for low paid earners ($40,000 or less), to do simple returns for free. There are about 800 of these Tax Help centres in Australia available between July - October each year.
Your return would probably take 5-10 minutes.
Every year I consider volunteering for that, but never get around to it, maybe I will next year
You will still need to lodge something with the Tax office, but ask the local tax agents if they do a student special rate. In my area there are some that advertise these for $65.
There are also tax volunteers, set up by the ATO, for low paid earners ($40,000 or less), to do simple returns for free. There are about 800 of these Tax Help centres in Australia available between July - October each year.
Your return would probably take 5-10 minutes.
Every year I consider volunteering for that, but never get around to it, maybe I will next year
Jun 29th 2009, 11:49 pm
#5
Guest
Posts: n/a
Re: ABN number tax return??? help
I think it 'should' be pro rata, but I suppose I don't make the rules
I should not post before my 2nd coffee in the morning ! (which I still haven't had yet!)
Jun 29th 2009, 11:55 pm
#6
Guest
Posts: n/a
Re: ABN number tax return??? help
Hi ABC Diamond,
sorry this is not related to this thresd but since i think that you have knowledge about the Australian Tax, could you please confim me this...
I am palnning to come to Aussie in December and started to do the foundation course of Taxation Institute of Australia since some receommended that this is a very good practical course and i am studying for this through distance learning now...
Do you know whether this is a recognised course in Australia? I think that i can gather a very good knowledge about the Aussie tax through this but the worry is whether it will be recognised by Aussie employers?
your advise is greatly appreciated.
Ramzi..
sorry this is not related to this thresd but since i think that you have knowledge about the Australian Tax, could you please confim me this...
I am palnning to come to Aussie in December and started to do the foundation course of Taxation Institute of Australia since some receommended that this is a very good practical course and i am studying for this through distance learning now...
Do you know whether this is a recognised course in Australia? I think that i can gather a very good knowledge about the Aussie tax through this but the worry is whether it will be recognised by Aussie employers?
your advise is greatly appreciated.
Ramzi..
Jun 30th 2009, 7:13 am
#7
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: ABN number tax return??? help
You know, I don't think I have ever checked that point... But there seems to be no mention of pro rata for that. Which means that the full offset would be allowed even if a person had only been here for one month !
I think it 'should' be pro rata, but I suppose I don't make the rules
I should not post before my 2nd coffee in the morning ! (which I still haven't had yet!)
I think it 'should' be pro rata, but I suppose I don't make the rules
I should not post before my 2nd coffee in the morning ! (which I still haven't had yet!)
Jul 5th 2009, 9:30 pm
#8
Just Joined
Joined: Jul 2009
Posts: 7
Re: ABN number tax return??? help
If you are working on an ABN you are working as a subcontractor not as an employee, Everone has to complete a tax return even employees the tax year runs from Ist of July to 30 June each year. To complete your tax return you will need to your Tax File Number which you would have giben to your bank accout to stop them from witholding tax from your account. The tax rate for temp residents would be different from perm residents, The small offices you are talking about is places like H&R block etc
Jul 5th 2009, 11:12 pm
#9
Guest
Posts: n/a
Re: ABN number tax return??? help
Some temporary residents, as in "temporary visa holders" are classed as "tax resident" for normal tax rates.
I've realised I must be ill... I haven't even downloaded etax yet... normally I am so keen to get everything done on July 1st, but I just can't seem to get the same excitement about tax this year. I think I will nip round the doctors...
