Video

How do you claim remoter worker on your tax return

I wish I saw this video I paid 57k in taxes and got $672 (estimate) for this financial year and I claimed what I could. A friend paid 14k tax and got 9k back I cried 🤣🤣 I literally worked 6 days a week for most of the financial year to keep up with constant living increases. Maybe I'll try you guys next year.

How to maximise your tax return: Pay corporate tax on investments made overseas, apply for foreign tax credit which reduces your taxes to possibly zero, if the country has a corporate tax rate higher than us, then you might actually get a tax refund instead. Then the income made from those dividends is only taxable after calculating total taxable income, which is effectively reduced to zero from your credit and your income bracket is effectively lower since your dividends are technically always lower via this method. So you can effectively pay zero taxes and even get rewarded if you invest in particular countries based upon where you live. It's fucking stupid that people who can afford to pay foreign taxes immediately can end up rewarded when it comes to tax season.

Hi buddy! I am a backpacker an I travel around Australia to find new jobs. Could I justify a travel the car expenses from one location to another for the reason to start a new job?

What about a pedigree cat breeding hobby? I was wondering if as a hobby I can apply for zip money to help the customers to pay the price of the cat?

Hi Ethan do you do tax returns for rideshare drivers?

After a workplace injury I had a number of payments/reimbursements for travel to and from doctors appointments totalling a few hundred dollars from the insurance company. They paid directly into my account based on kilometers driven. This is not considered income is it? Then, on the flip side, Are there any potential benefits to be had from these payments with tax?

Can you claim the KMs to and from your primary place of work, or is it only for secondary places that you're required to drive to for work i.e. customer sites, offsite meetings, etc

Can I still claim motor vehicle expenses (KM or Logbook) if my company pays me non-taxable allowances but only for travel between clients. I carry supplies from home to my first client and vice versa. How does depreciation work?

can you do my tax im scared

how can you claim work from home when you have two full time jobs from home?

Can you help me to minimize my returns?

Hi Ethan - if my company reimbursed my km can I claim the km on tax return?

I work as a chef and a supervisor in a restaurant, can i claim something from my mobile device and internet-use that I use for work-related emails/messages?

Great video Ethan, I’m starting my small business soon working by myself. Will have to learn all of this:)) It’s gonna be hard for me:(

Ethan your a good man can u do my tax Hr block been previously not happy with them Can u do my lodgement please 🙏

Cheers should of watched this year's ago

Does commuting to and from work count as work travel? Thanks

Can you make a video for international students?

If you actually want the best tax return go and see PwC Australia.

where is super constriubution we can pay limit is $27,500 for 2024 year...we will get dedcuctions.

Cents km method is easy u dont keep records if you go kog book method u have to carry all recepits.

Better you 5,000 kms it is good decdions in MV Expenses .

then also take printing and stationery $300 as per ato limit if you are getting salary.

Beeter you go Fixed rate .67 cents .

Can i write off entire 3k laptop?

The turboscan app is a lifesaver for recipients 👌🏽

As a sole trader my work from home (June month) is invoiced and paid in July. So do I count my June work from home hours for 2024 because the invoice will be in the 2025 profit /loss report. Or do I use my June hours in 2025 tax deductions

Can you use occupancy method if the room / Garage is used for equipment / tool storage?

I made a large donation to a business that helps unmarried mother help acheive financial freedom I went to a strip club can I claim this?

Very informative video mate. One thing that you missed that you can include in future videos is claiming the medicare levy for non Australian citizens and permanent residents.

THANKYOU agian Ethan. I'm wrapped you're my tax accountant!!

🙏🙏🙏🙏🙏⭐️⭐️⭐️⭐️⭐️

Very Informative video thanks Ethan. Just a quick question with Stock Market and Investment property owners can we claim expenses such as home internet, software, computer etc. 🙏

If you're looking for a tax agent to help you with your tax return this year, my business Rooshock Accounting would love to help! You can find out more about our services on our website - rooshockaccounting.com.au/individual-tax-returns/

Hey Ethan! I’ve traveled 7500ks for work this year (log book) and claimed 5000 of them through work on the cents per Klm method and they have paid me that allowance. The 2500k difference however can I claim that using log book at tax time or have i missed the boat this year? This is the first year ive gone over 5000k 😞

What happens if you buy a car for 20 000$

Super!

Your platform is not handling runes too well. And not enough support, it’s very complex without any help.

Thank you.

Are you tax time ready? Don't forget to check out my How to Maximise Your Tax Return video, coming out on the 30th June!

🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽⭐️⭐️⭐️⭐️⭐️

What if you have a storage room for stock or equipment at home can you claim utilities and rent on a space of room compared to rest of house?

Is driving to meet clients or advertise my self to potential clients as a sole trader deductible?

If my income threshold is lessthan 75000 per year. I dont need to opt for GST..is that correct

Yep i signed to recap and its shit you need a desktop, not for mobile use. Cointracker is crap I'm still waiting on confirmation of email link. Got one first time but wouldn't load page on android.

You contradict yourself. You say that you can claim non concessional super contributions on tax and later you say you can't claim non concessional super contributions on tax.

❤

Great explanation!