Vic Wasteland Thread

[R-SPEC]

not at all

[UNR33L]

Tony you need a i.t guy?

[R-SPEC]

Kris' mate

[dezz]

Lol dezzman if you were a client. You'd be raking up a bill by now.

Alex is on the money.

If you want to claim 'actual' receipts you need a log book. Requiring a log of 12 continuous weeks and is valid for 5 years unless your circumstances change. Also you need to keep all receipts.

Alternatively you can use what 80% of people do and just use the cents/km method. Up to a maximum of 5,000km, you can claim a set rate.

I.e 5,000 x 0.75 = $3,750 of deductions without receipts.

How much more can one claim if they can be f**ked log booking for 12 weeks? If I only have to do it for one 12 week period and can use that for 5 years then I'd consider it...If I'm reading that part right...

I'd drive ~100kms a day 6 days a week for work....

Yeh Dezz that's possible my last tax return we claimed 83% of costs as work related - worth noting you won't necessarily get 100% of what you claim.'

Tony - any jobs going

I'll get 100% of what I claim or Rimon will put the tax kunce head through his own windscreen

[blah_blah]

Yeh Dezz that's possible my last tax return we claimed 83% of costs as work related - worth noting you won't necessarily get 100% of what you claim.'

Tony - any jobs going

Want to become an Accountant

Chance there will be a job opening next Wednesday haha

Tony you need a i.t guy?

Nah we already have someone

How much more can one claim if they can be f**ked log booking for 12 weeks? If I only have to do it for one 12 week period and can use that for 5 years then I'd consider it...If I'm reading that part right...

I'd drive ~100kms a day 6 days a week for work....

Max claim for no log book was as per above 5000kms. Which is about $3750.

[dezz]

Yeah got that, was asking what kind of difference there'd be with a log book, ie is it worth it

[blah_blah]

Every client would be different. It all depends on how much you spend and your business usage rate. So If you spent $6,000 at a 80% business rate it would be more beneficial to make a log book

[blah_blah]

So moral of the story is go buy a r32 GTR as your work car and claim mods under repairs and maintenance

[dezz]

My mate used to do that, justin911 on here...barely drove his car but claimed turbo upgrades etc on tax

my cars a total piece of shit, and on gas, so might be best to go with the max without receipts, also means I don't have to do anything which is a winner

I'll claim the servicing I've got receipts for as well, and I've been driving on slicks for months so can't exactly claim tires lol

[alr33x]

If you change em you can claim them

Deffs do a log book it's only once every five years not that bad

[dezz]

Wouldn't know where to start? lol

[Birds]

Buying some things just to claim on tax can be a big false economy...just work out how much you're going to get income taxed and set your return up to largely counter it. No need to over do it with everything. Without receipts I get back around 90% of what I'm taxed.

[alr33x]

Yeh correct birds you still have to spend the money up front

[dezz]

Would be pretty stupid to buy stuff you don't need just to claim it back on tax....That's not at all what I'm talking about.

[HEKT1K]

How often are you driving between work sites Dezz? I assume you aren't trying to claim home-work travel as a deduction lol

[Astro Bear]

My boss (a contractor), wants me to become a sub-contractor with an ABN etc. I will be working solely for him. Does he need to pay my super? Or is that something I would need to factor into my invoices to him?

[blah_blah]

Is this becoming a tax forum?

Not directed at anyone on here but alot of people get carried away with tax losses and deductions etc. Usually when this happens, I ask them can you give me $100? And in return I will give you $30 back. This usually gets their head around things.

And in regards to you Astro Bear, the rules are very complicated with contractors and super, but essentially if are deemed to be an employee (as in you do everything an employee does but not just the title) you are entitled to super.

Doesn't mean you'll get extra, just means it will be negotiated into your contract and usually get paid less as your employer now has additional costs

[dezz]

How often are you driving between work sites Dezz? I assume you aren't trying to claim home-work travel as a deduction lol

Think we're allowed because we carry tools, so we're using our car for work

Tradies claim everything, my mate claims $300 diesel glasses as safety glasses lol

[dezz]

Patricia, you know if Ron sold his GTR yet?

[dezz]

Not directed at anyone on here but alot of people get carried away with tax losses and deductions etc. Usually when this happens, I ask them can you give me $100? And in return I will give you $30 back. This usually gets their head around things.

Would be pretty stupid to buy stuff you don't need just to claim it back on tax....That's not at all what I'm talking about.

I'm only asking these questions as it's a new industry to me and Ive heard from all my tradie mates for years how much they're entitled to claim

I'm not buying anything I don't need just to claim it later as that is one of the stupidest things u could do. I just wanna make sure I'm claiming every cent I'm entitled to, f**k the ATO