End of tax year australia 2014
#16
Re: End of tax year australia 2014
End of financial year is 30 June, tax return needs to be in by end of October. Smart move to leave it to an accountant
#17
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Joined: Aug 2008
Posts: 22,348
Re: End of tax year australia 2014
Thanks for mentioning H&R Block. I see they also do income tax courses which sounds good for newcomers to the Aussie tax system. I might just enrol on it. Has anyone here done the course already?
#18
Re: End of tax year australia 2014
Now there's an interesting thought. I've always assumed that their courses are only for people who want to work as tax agents, but it makes perfect sense to do one in order to get your head around the tax system. Good idea Paulry!
#19
Re: End of tax year australia 2014
We used accountants for the first year, and then OH did the returns after that, once he knew how everything worked. You do need to use a professional to help you with your stuff, particularly if you have been in and out of work, and are claiming benefits- they can help you claim for things you might not have thought of, and help you avoid making a costly error.
#21
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Joined: Aug 2008
Posts: 22,348
Re: End of tax year australia 2014
The angle they take is to become a tax agent but for less than $700 it looks like a plan just to help complete our own returns. It might even help inform investment decisions. Three hours a week for 17 weeks is a bit of a slog though.
#22
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Joined: Feb 2008
Posts: 187
Re: End of tax year australia 2014
In my experience, no they are crap. 20 something 'accountant' using similar, if not identical software to that you can download from the ATO. Do yourself a favour and use someone recommended by a friend/colleague.
H+R didn't reduce my tax bill by one cent the only time I used them. They are no better than the types that pop up in shopping malls every July/August.
Pay peanuts, get monkeys.
H+R didn't reduce my tax bill by one cent the only time I used them. They are no better than the types that pop up in shopping malls every July/August.
Pay peanuts, get monkeys.
#23
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Joined: Aug 2008
Posts: 22,348
Re: End of tax year australia 2014
We can't expect much for around $100 in Australia. Other accountants that I know of charge more like 3 or 4 times that.
#24
Re: End of tax year australia 2014
For most people just earning an employment income they are fine - no need for an accountant costing way more
If you have properties, investments, overseas income etc then an accountant might be a better option but even then, there is only so much that you can claim
Our friend (a pom who used to work for PWC) works for them and she does my returns and trust me, we are claiming every penny that I can
If you have properties, investments, overseas income etc then an accountant might be a better option but even then, there is only so much that you can claim
Our friend (a pom who used to work for PWC) works for them and she does my returns and trust me, we are claiming every penny that I can
#25
Re: End of tax year australia 2014
For most people just earning an employment income they are fine - no need for an accountant costing way more
If you have properties, investments, overseas income etc then an accountant might be a better option but even then, there is only so much that you can claim
Our friend (a pom who used to work for PWC) works for them and she does my returns and trust me, we are claiming every penny that I can
If you have properties, investments, overseas income etc then an accountant might be a better option but even then, there is only so much that you can claim
Our friend (a pom who used to work for PWC) works for them and she does my returns and trust me, we are claiming every penny that I can
#27
Re: End of tax year australia 2014
They got basically the same service as someone who used a tax specialist instead for about $50 at the time.. Now about $100
Tax Returns are easy and quick, when you are experienced, so $100 for an hours work is pretty good
I really miss doing tax returns
#28
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Joined: Aug 2008
Posts: 22,348
Re: End of tax year australia 2014
When I worked for a Sydney accountants we charged $1,000+ for a basic tax return, and some people paid... !!
They got basically the same service as someone who used a tax specialist instead for about $50 at the time.. Now about $100
Tax Returns are easy and quick, when you are experienced, so $100 for an hours work is pretty good
I really miss doing tax returns
They got basically the same service as someone who used a tax specialist instead for about $50 at the time.. Now about $100
Tax Returns are easy and quick, when you are experienced, so $100 for an hours work is pretty good
I really miss doing tax returns
I'm sure for those who know all of the ins and outs of it, it's easy money and is the bread and butter for a lot of accounting firms.
#29
Re: End of tax year australia 2014
For people on low incomes who need help to complete their tax forms, some local Councils offer this service so it's worth a phone call. It needs to be a relatively straightforward tax return though.