Mohsen Posted June 27, 2012 Share Posted June 27, 2012 You can be my Grad Accountant. Tax season is coming.... I need to brace myself with the onslaught of upcoming enquires. Need a new joke Moh Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418580 Share on other sites More sharing options...
blah_blah Posted June 27, 2012 Share Posted June 27, 2012 HECS would have been paid off at the end of the year anyway Now the money I've saved to install ducted heating is all going to the tax man... time to buy some blankets If the 2012 tax return is the final payment for your HECS. You could have saved ~15% of that final payment via other means. Oh well too late now. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418601 Share on other sites More sharing options...
CrispyFries Posted June 27, 2012 Share Posted June 27, 2012 You tax people, always working in financial years - End of year = December Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418616 Share on other sites More sharing options...
Sunkist Posted June 27, 2012 Share Posted June 27, 2012 contemplating selling the orange car. might be getting a merc sooner than i thought. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418618 Share on other sites More sharing options...
Birds Posted June 27, 2012 Share Posted June 27, 2012 Suck it up Patricia, cheapest loan you'll ever get Also mine is bigger This. Mine is still ~20k and I thought about taking it out in one swoop, until I saw how low the interest rate for it was...the money is earning more in the bank than the HECS debt is incurring interest lol. If the 2012 tax return is the final payment for your HECS. You could have saved ~15% of that final payment via other means. Oh well too late now. I need to know how this works! contemplating selling the orange car. might be getting a merc sooner than i thought. SLS? Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418632 Share on other sites More sharing options...
CrispyFries Posted June 27, 2012 Share Posted June 27, 2012 I need to know how this works! You probably should have received your HECS update letter recently - I got mine last week. Should show your current debt(as at Oct 31 last year), and a payout figure with has a discount for for a lump sum payment. Since you've paid another year of payments probably just need to call the tax office and ask what the current payout figure is. 8 years to pay off my hecs. I actually have a credit card with a lower interest rate though. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418638 Share on other sites More sharing options...
blah_blah Posted June 27, 2012 Share Posted June 27, 2012 contemplating selling the orange car. might be getting a merc sooner than i thought. C200? Do you get a complimentary P.Diddy white suit, top hat & cane? I need to know how this works! You probably should have received your HECS update letter recently - I got mine last week. Should show your current debt(as at Oct 31 last year), and a payout figure with has a discount for for a lump sum payment. Since you've paid another year of payments probably just need to call the tax office and ask what the current payout figure is. 8 years to pay off my hecs. I actually have a credit card with a lower interest rate though. 50% there. Early payments get you a 10% discount, in addition paying it before 1 June (IIRC) means no inflation is charged. So in total this works out to be ~13-15%. This is only most beneficial when your tax return is going to lead to a compulsory final payout. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418688 Share on other sites More sharing options...
Sunkist Posted June 27, 2012 Share Posted June 27, 2012 This. Mine is still ~20k and I thought about taking it out in one swoop, until I saw how low the interest rate for it was...the money is earning more in the bank than the HECS debt is incurring interest lol. I need to know how this works! SLS? Nah I just found out I can buy one of the cars we repo before it goes to auction. I can also get it at the reserve price which is f**k all. Might rip the turbo out and put the old one back in. Nothing was wrong with the turbo! Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418691 Share on other sites More sharing options...
Rizzz Posted June 27, 2012 Share Posted June 27, 2012 Aaron get a Toyota 86? Anyone ever done a Winton fun day. Im going up on the 7th of july for my first track day are they really strict on db readings? Think mine will be well above 95db. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418703 Share on other sites More sharing options...
blah_blah Posted June 27, 2012 Share Posted June 27, 2012 Nah I just found out I can buy one of the cars we repo before it goes to auction. I can also get it at the reserve price which is f**k all. Might rip the turbo out and put the old one back in. Nothing was wrong with the turbo! How cheap we talkin? Can you get me a Merc too? Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418708 Share on other sites More sharing options...
Sunkist Posted June 27, 2012 Share Posted June 27, 2012 (edited) Yeh I don't want to spend more than $20,000 seing as they'll probably give me another car next year Tony I can get a merc for anyone fairly cheap, it's just hard to do unless I see you everyday lol Edited June 27, 2012 by Sunkist Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418711 Share on other sites More sharing options...
Birds Posted June 27, 2012 Share Posted June 27, 2012 50% there. Early payments get you a 10% discount, in addition paying it before 1 June (IIRC) means no inflation is charged. So in total this works out to be ~13-15%. This is only most beneficial when your tax return is going to lead to a compulsory final payout. Ah k, so the discount obviously doesn't apply if the lump sum payout is a compulsory one made through your tax return? Will keep that in mind when it gets low enough. Nah I just found out I can buy one of the cars we repo before it goes to auction. I can also get it at the reserve price which is f**k all. Might rip the turbo out and put the old one back in. Nothing was wrong with the turbo! Fool, you just installed new turbo and now you want to take it out lol. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418725 Share on other sites More sharing options...
Sunkist Posted June 27, 2012 Share Posted June 27, 2012 (edited) Yeh I know. Shame shame.. Some may say I'm 'pulling a Mohsen' Edited June 27, 2012 by Sunkist Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418730 Share on other sites More sharing options...
blah_blah Posted June 27, 2012 Share Posted June 27, 2012 Yeh I don't want to spend more than $20,000 seing as they'll probably give me another car next year Tony I can get a merc for anyone fairly cheap, it's just hard to do unless I see you everyday lol Cool, your going to be my go to man when I get a family car. If its really cheap i'll just sell the missus Barina and then she can roll around in a Merc. Ah k, so the discount obviously doesn't apply if the lump sum payout is a compulsory one made through your tax return? Will keep that in mind when it gets low enough. Correcto I have added you to my excel spreadsheet, listed as 'Wastelanders Tab due to Tax Advice' Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418744 Share on other sites More sharing options...
Sunkist Posted June 27, 2012 Share Posted June 27, 2012 No worries! Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418752 Share on other sites More sharing options...
emts Posted June 27, 2012 Share Posted June 27, 2012 Anyone ever done a Winton fun day. Im going up on the 7th of july for my first track day are they really strict on db readings? Think mine will be well above 95db. in short they suck. sure it only $35 but there is a traffic jam out there they put extra cars out to make sure you go slow basically every dick who thinks their VN vacationer is a v8 supercar is there. if you want to try a low stress intro to track do a winton Test and tune, which run ever Friday ~120-150$ and you get a shit load of track time. or a tampered day at winton which allows passengers all day and does timing. or better yet suck it up and come to one of our track days Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418760 Share on other sites More sharing options...
Birds Posted June 27, 2012 Share Posted June 27, 2012 Correcto I have added you to my excel spreadsheet, listed as 'Wastelanders Tab due to Tax Advice' Nooooooo that doesn't count as my question! I still have 2 more right? Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418763 Share on other sites More sharing options...
CrispyFries Posted June 27, 2012 Share Posted June 27, 2012 I have added you to my excel spreadsheet, listed as 'Wastelanders Tab due to Tax Advice' Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418774 Share on other sites More sharing options...
blah_blah Posted June 27, 2012 Share Posted June 27, 2012 Nooooooo that doesn't count as my question! I still have 2 more right? To answer your two enquiries: 1. Yes it does count 2. You no longer have any left. Thank you, come again. Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418777 Share on other sites More sharing options...
Birds Posted June 27, 2012 Share Posted June 27, 2012 Is he really the head of the Australian Tax Office? Link to comment https://www.sau.com.au/forums/topic/379859-vic-wasteland-thread/page/930/#findComment-6418783 Share on other sites More sharing options...
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