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What Made You Feel Good Today


Ralph Wiggum

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  • WOT?
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  • Member For: 11y 11m 17d
  • Gender: Male
  • Location: Frankston, 3199

WMMFG:

Call from the accountant today - should be getting between $10k and $16k back from the tax man this year and haven't got any bills that I need to spend it on.

Might do one of the bathrooms at home and brakes on the car

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  • less WHY; more WOT
  • Site Developer
  • Member For: 16y 10m 1d
  • Gender: Male
  • Location: Melbourne

how the hell do you manage to get that much back? either huge income or overly large tax payments (over and above the standard PAYG requirement) ?

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  • I <3 Floods
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  • Member For: 13y 6m 10d
  • Gender: Male
  • Location: South West QLD

Probably PAYG tax installments far higher than they need to be when business deductions are considered..

Used to happen to me.. I was paying tax once yearly.. Than they forced me onto a quarterly % tax payment.. Got bulk returns back then..

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  • WOT?
  • Moderating Team
  • Member For: 11y 11m 17d
  • Gender: Male
  • Location: Frankston, 3199

Combination of overpayment and business losses carried forward - wrote a company off a few years ago with a lot of losses against it.

Payed a bit more than normal on my PAYG drawing a normal wage but can now lower my wages and offset against the losses.

Figured I might as well use them up now.

Edited by Rab
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  • WOT?
  • Moderating Team
  • Member For: 11y 11m 17d
  • Gender: Male
  • Location: Frankston, 3199

"Hmmm - Friday arvo, CBF'd for the rest of the day - might just juggle the CAT5 out of the VOIP server and go back to my desk"

Guessing you don't use mobiles?

How else would he post on here when the work internet is down? ;)

Edited by Rab
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