2 ай бұрын
2 ай бұрын
3 ай бұрын
6 ай бұрын
11 ай бұрын
Жыл бұрын
Жыл бұрын
2 жыл бұрын
3 жыл бұрын
3 жыл бұрын
3 жыл бұрын
4 жыл бұрын
4 жыл бұрын
4 жыл бұрын
4 жыл бұрын
Пікірлер
@danielodonoghue3529 25 күн бұрын
Your graphic is wrong? The arrows showing movement of funds from the two "Personal" tax structures, should end at the "Accumulation phase" bubble, not the Retirement phase. You cannot contribute funds to a retirement phase pension.
@kortex7360 26 күн бұрын
"How about no" 😂
@rustybrownlow7040 26 күн бұрын
Have I misunderstood the ATO website? It says: "Instant asset write-off threshold will temporarily increase from $1,000 to $20,000 for 2023-24 and 2024-25 income years."
@AnhNguyen-bi6vg Ай бұрын
Great tips thank you
@marcoschena99 Ай бұрын
Very helpful. Thanks Jarrod
@rezasadeghi2520 Ай бұрын
Thank you ❤
@user-kz6gg9sn3d 2 ай бұрын
Thanks bro like n subscribed
@choilucas5895 2 ай бұрын
Well explained, thank you!
@jenkinsdale5 3 ай бұрын
I'd be interested in trying to understand how if you made voluntary Post tax additions to your super fund and then used the tax back to pay down hecs and effectively generate a 30% increase in your spending power.
@BeyondAccountancy 3 ай бұрын
Hi Dale. Can you elaborate on that and email me at jarrod.rogers (at) beyondaccountancy.com.au and I'll try to reply later in the week?
@beamaglai 4 ай бұрын
😂 the ending song was perfect. Thanks for the tip. I naively had no idea.
@aimesandri4592 6 ай бұрын
Great video! Have you got an updated spreadsheet for 2024?
@BeyondAccountancy 5 ай бұрын
Hi Aime. Not yet. I plan to release a 2024 version of this video once the 2024 indexation amount is known.
@aimesandri4592 5 ай бұрын
@@BeyondAccountancy that makes sense! Thanks for providing great content that is updated!
@llai8501 5 ай бұрын
Thank you @@BeyondAccountancy have subscribed and will look out for the 2024 version.
@roelburghouwt6958 6 ай бұрын
Great tips - thanks for sharing.
@computer-training-for-seniors 10 ай бұрын
The 2023 indexation was $7.1%.
@teeu.4493 11 ай бұрын
Can you make contributions pre-tax contributions (i.e. through your employer) or does it have to come from your net-pay?
@BeyondAccountancy 11 ай бұрын
Great question. Net pay (post-tax) only. As such, I'd save up the money and pay it all in mid-May so you can earn interest in the meantime. There is no additional saving by paying HELP debt any time before mid-May. Hope that helps.
@teeu.4493 11 ай бұрын
@@BeyondAccountancy thank you!!
@zDoMinaTe Жыл бұрын
Thank you so much, this saved me so much time 🤝
@kyrie6572 Жыл бұрын
"PromoSM"
@marcoschena99 Жыл бұрын
Good work. Agree on the money printing being the issue.
@MomenKaziVideos Жыл бұрын
Hi I got a quick question from your video. The ATO website mentions (as you cited in the video) that "Indexation is applied to the part of an accumulated study and training loan that has remained unpaid for more than 11 months". I just begun first year university this year (2023), so by this definition does that mean my loan from Semester 1 of university is not indexed this year because the debt was unpaid for less than 11 months? Clarification regarding this is much appreciated, thanks.
@BeyondAccountancy Жыл бұрын
You are correct. You'll see exactly how much is added for indexation by viewing your HELP debt account on MyGov. It sounds like indexation won't apply to you until 1 Jun 2024.
@chrisziersch5552 Жыл бұрын
Is there an advantage to partially paying down the HELP debt ie does it reduce indexation on the amount paid down?
@BeyondAccountancy Жыл бұрын
Yes, that's exactly the advantage. If you're still thinking of doing it for 2023, you'll need to be really quick as tomorrow is the cut off. BPay won't clear in time, so use another method like direct credit: www.ato.gov.au/General/Paying-the-ATO/How-to-pay/Other-payment-options/#Directcredit
@chrisziersch5552 Жыл бұрын
Just got it in time using bank transfer! Made the transfer on 30 May at about 10:30pm so thought I’d probably miss out. On 1 June an indexation debit appeared on the account. But then on 2 June the indexation was reversed and the payment appeared with Processed date 1 Jun 2023, Effective date 31 May 2023. Thanks! 😃😃😃 (and I confirm that indexation only occurred on the portion of outstanding debt older than 11 months)
@divyank4u Жыл бұрын
Explained in a very good way. Thank you
@lnnn4351 Жыл бұрын
Do not think that your debt will be waver when you die, law can change, encourage to pay it off after mortgage.
@danc.5509 Жыл бұрын
The other issue is whether a person with a HELP/HECS debt wants to work overseas. The government will continue to expect a tax return be completed while away from Australia until paid off
@BeyondAccountancy Жыл бұрын
You're correct. People find this really annoying. Before the rules changed, you could earn as much as you liked overseas and not have to pay any HELP debt. For a lot of expats, the only need to lodge due to HELP debt.
@cris__ Жыл бұрын
Very clear, thank you
@alisontyrrell5227 Жыл бұрын
This was very helpful, thank you
@BeyondAccountancy Жыл бұрын
Thanks. Let me know if there are other tax/finance topics you think would be interesting
@patrickwright3901 Жыл бұрын
Great video Jarrod!
@thomaselliott573 Жыл бұрын
Auskey is defunct. Stop wasting people's time and get rid of this. It might actually make you appear professional - imagine that!
@peterle3752 Жыл бұрын
thanks a lot, mate - this excel spreadsheet is golden!
@old1280 2 жыл бұрын
What idiot thought working from home deserved a tax break .. it's cheaper to work from home.. no fuel costs for a start
@ianchan6489 2 жыл бұрын
Hi, may I know the home office expenses can apply for operating on my Stock/Bond/ETF investment which need laptop/Internet to operate. Thanks
@BeyondAccountancy 2 жыл бұрын
Hi Ian. You can claim deductions in the same way an employee working from home can, except you cannot use the 80c/hr shortcut method. You'll need to claim 52c/hr, plus the investment-related percentage of internet use. For the laptop, you'll need to depreciate over two years and adjust for work use %. Hope that helps!
@AndyPradana 2 жыл бұрын
What a great explanation and great detail. No fluff just facts and examples. Great video!
@hoomanm4251 3 жыл бұрын
"You don't need to have a dedicated work area to use this method. However, you must keep a record of the number of hours you have worked from home. This could be a timesheet, roster, a diary or documents that set out the hours you worked from home." www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/home-office-expenses/#:~:text=The%20shortcut%20method%20simplifies%20how,the%202019%E2%80%9320%20income%20year
@jcgoolge 3 жыл бұрын
Thanks guys that was good.
@rietteleroux8578 3 жыл бұрын
Thanks so much for informative session. Great timing!
@samirwinvideographyandphot7720 3 жыл бұрын
Thanks, very helpful,
@juneci2674 3 жыл бұрын
Clearly and precisely, very well explained.
@parthdatwani7279 3 жыл бұрын
Hi i need help with my taxes can you help??
@nimeshbpatel23 3 жыл бұрын
hi if i have missed to claim of may ,june and july and registered in august how can i claim money as a sole trader
@avshiva 4 жыл бұрын
Jarrod, what is the 80c/hr method?
@stevethea5250 4 жыл бұрын
that's the shortcut method if you can't be bothered working out all your deductions i believe
@avshiva 4 жыл бұрын
@@stevethea5250 thank u
@stevethea5250 4 жыл бұрын
@@avshiva HEY i'm no expert btw , you can jump on Whirlpool forums and check the Finance/Tax pages.
@avshiva 4 жыл бұрын
@@stevethea5250 Thank You
@viveksingh222 4 жыл бұрын
Hi, Thanks for explaining this, As per ATO website, I have noticed to use shortcut method, we must combine both shortcut methods (From 1st March) and Fixed rate method (Till Feb 29). Suppose if we are using the shortcut method, does that mean, we can include accessories purchased with a cost below $300 before 1st march and do not include accessories purchased post March. Thanks in advance.
@TingBie 4 жыл бұрын
Hi! Could repairs to the laptop be included? Thanks!
@BeyondAccountancy 4 жыл бұрын
I don't think this would count in the shortcut method as other computer costs (including decline in value) do not. I'm finding that for most of my clients the old rules (claim $0.52/hr plus the other costs separately) actually works out better. We compare both methods and chose the best outcome. Shortcut method has been lower for the majority so far. If you don't use shortcut you can definitely include the repair (adjusted for private use). We're currently taking new clients if you want to book on our website.
@mike.t.0007 4 жыл бұрын
Thanks Jarrod, appreciated this 101
@carlmay8314 4 жыл бұрын
Jarrod good info. Mate I would love to know what are the best Industries to invest/start in Australia in respect to good tax benefits and write offs. Would be awesome if you could do a you tube vid on this.
@salmintheaccountant 4 жыл бұрын
Depends on what your current situation is. The property market has been a huge loophole for the last 20 years. Lots of tax loopholes for property investors. Just did a video on how trusts accomplish this. Hate to plug it, but give it a look.
@chrispel84 4 жыл бұрын
good info and clearly presented
@seleldjdfmn221 4 жыл бұрын
I Love this Channel. Never quit. Enjoy Your day :3
@gayathrirajeev6618 4 жыл бұрын
Thank you so much for such an informative video. Would love to see a video with more details about sole trader payments (with no employees). You mentioned it’s paid as a reimbursement for payments made to employees. How about the sole traders? How’s the payment made for them?
@RajeshKumar-vw5tb 4 жыл бұрын
Queries regarding job keeper payment , free consultant certified accountant and 15 years of experience taxassistrichmond.com.au/ call us 0451071784
@ylam3639 4 жыл бұрын
Thanks Jarrod.
@muzzworld 4 жыл бұрын
Nice info Jarrod
@laurenvanschajik 8 жыл бұрын
Thank you! This helped so much!
@aussieaubs 10 жыл бұрын
cool thanks :)