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How to Maximise Your Australian Tax Return 2024 

Ethan Rooshock
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💰 Looking for a tax agent to help you with your return? My business would love to help! - rooshockaccounting.com.au/
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It’s tax time again which means I am back to help you maximise your tax return! I am a tax agent who works with nearly 1000 taxpayers each year, so I want to pass on some of the tips and tricks I have for getting the most out of my client’s tax returns.
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⌚️Timestamps
0:00 How to Maximise Your 2024 Tax Return
0:19 Home Office Expenses
5:04 Motor Vehicle Expenses
8:03 Tax Agent Fees
8:37 Find Your Expenses
10:32 Getting Your Return Correct
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WHO AM I:
Hey there, I'm Ethan - an accountant turned RU-vidr and business owner. My goal is to empower others to build businesses that not only maximise wealth but also optimise for taxes Join me on this channel as I delve into topics like business strategies, structuring, and tax minimisation.
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this RU-vid channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#tax

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30 июл 2024

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Комментарии : 233   
@EthanRooshock
@EthanRooshock Месяц назад
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/
@fortunatefaraz05
@fortunatefaraz05 2 дня назад
Any tips for child support?
@EthanRooshock
@EthanRooshock 2 дня назад
@@fortunatefaraz05 What type of tips?
@steffycats
@steffycats 24 дня назад
Thanks king, used your video last year and came back to watch it again for this year then saw you had this one. Love ya work
@EthanRooshock
@EthanRooshock 24 дня назад
Glad I could help again!
@kirk1canedo
@kirk1canedo 26 дней назад
Glad found this channel. Cheers mate
@EthanRooshock
@EthanRooshock 26 дней назад
Thanks for watching!
@sanjaymaharaj3263
@sanjaymaharaj3263 Месяц назад
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. 🙏
@EthanRooshock
@EthanRooshock Месяц назад
Thanks! It will depend on what type of investment activities you are doing. If you're using them, they would likely be claimable, however, there might be only a very small % that is being used for income generating activities.
@peterdo3646
@peterdo3646 Час назад
Hi @EthanRooschock - How do you account for "car allowance" in your tax return? Thank you!
@Davidgopaint
@Davidgopaint 20 дней назад
7:48 wouldnt complete logbook always be better? because it would track how many kilometers youve done, aswell as all expenses? does that include servicing/repairs and rego?
@EthanRooshock
@EthanRooshock 20 дней назад
If you use the logbook method, you only have to do a logbook for a 12 week period. So some people might not want to do a logbook for the full year, but that is the ideal way to capture absolutely everything.
@jng66
@jng66 24 дня назад
My employer provides me with a pc and mobile phone plus all stationery, so I only incur internet and energy expenses as a result of working from home. Is it still okay to claim the fixed rate method? Thank you for the excellent advice Ethan!
@EthanRooshock
@EthanRooshock 24 дня назад
Yep no issues.
@reechitalaishram7232
@reechitalaishram7232 18 дней назад
Hi, I’m just wondering - did we only need to show the timesheet of our hours worked from home only when ATO ask? Asking because I didn’t really see an “upload” section when I was trying to lodge my return for this year. Thanks!
@EthanRooshock
@EthanRooshock 18 дней назад
You don't upload any proof or documents with you tax return. You keep them in case of an audit.
@bhupenderkaira4489
@bhupenderkaira4489 22 дня назад
mate can I ask you a question, before I had balancing outcome status and now its back to processing..any reason why? and when can I expect tax return money in my account
@EthanRooshock
@EthanRooshock 22 дня назад
Best to ask the ATO if you lodged yourself
@philiprachtman1217
@philiprachtman1217 Месяц назад
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
@EthanRooshock
@EthanRooshock Месяц назад
Hours would be based on the actual time they happened I would say.
@jdhshuajfjueudhbd6227
@jdhshuajfjueudhbd6227 20 дней назад
Pay is based on when you are actual paid, and not the dates that you are being paid for, so I'm assuming you'd count the invoice in 2025.
@robwright4392
@robwright4392 27 дней назад
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?
@EthanRooshock
@EthanRooshock 27 дней назад
You'd have to check on the individual terms. It doesn't sound like income off what you've said.
@Filo_Guy
@Filo_Guy 27 дней назад
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?
@EthanRooshock
@EthanRooshock 27 дней назад
A lot of questions there. Probably best to seek personal advice from your tax agent on them.
@Filo_Guy
@Filo_Guy 26 дней назад
@@EthanRooshock If you can answer the first question what would your answer be?
@EthanRooshock
@EthanRooshock 26 дней назад
@@Filo_Guy No where near enough information sorry. You need to speak to the ATO or your tax agent as it's too complex of a topic for me to answer based off that information and I don't want to give you the wrong answer.
@lukisc9296
@lukisc9296 22 дня назад
Hey Ethan, love your work. If I live with my parents and don’t pay rent, can I claim working at home expenses?
@EthanRooshock
@EthanRooshock 22 дня назад
Thanks! Have a read of the fixed rate method, you should be able to use that.
@allanjones4283
@allanjones4283 Месяц назад
THANKYOU agian Ethan. I'm wrapped you're my tax accountant!!
@EthanRooshock
@EthanRooshock Месяц назад
Thanks!
@samhem0
@samhem0 20 дней назад
Fixed rate method - showing when I have worked from home 2/3 days a week. I don't have a timesheet or a diary really that shows this. If I was to use this method what is the best format to create a diary for this? How can I prove the days I worked from home?
@EthanRooshock
@EthanRooshock 20 дней назад
Anything that shows your hours worked will be fine. I’d personally just use a basic spreadsheet
@shannoncrilly2953
@shannoncrilly2953 8 дней назад
Thanks for this informative video. The actual cost method is a bit vague when it comes to the example the ATO have provided for aircon running costs as they don’t provide the EER of Ben’s aircon unit. Is their calculation assuming that the EER is 3.21 (ie 3.5kwh / 1.09kw ph)? Or is there a different calculation for the cost per hour? As an example if Ben had an aircon unit which is 15kwh with an EER of 3, is the cost to run per hour 5?
@EthanRooshock
@EthanRooshock 7 дней назад
Yeah it is a complex method that I think should be replaced. You'd have to check with them for clarification.
@mayankyadav7484
@mayankyadav7484 13 дней назад
Thank you for the great information. I also wanted to know how as a student I can maximise my tax return. Can I also claim return on sim plan bills? Thank you
@EthanRooshock
@EthanRooshock 13 дней назад
What do you want to know?
@HowP88
@HowP88 День назад
Interesting about occupancy expenses. I work from home and travel for meetings with clients, but I also go in to our office about once a fortnight for team meetings. I don't have a dedicated desk at the office though - there are hot desks but these aren't typically suitable for the nature of my work as I often need to present to customers via Teams. The room of my home office is dedicated as an office. Could the occupancy method apply? Or because my work has an office building is it ruled out?
@EthanRooshock
@EthanRooshock День назад
It's a bit of a challenging one. Best to seek advice from the ATO to confirm based on your facts.
@anthonynguyen30
@anthonynguyen30 22 дня назад
Can these methods be utilise for part time/casual roles?
@EthanRooshock
@EthanRooshock 22 дня назад
Yeah as long as you base everything based on your actual situation.
@sheshd
@sheshd 27 дней назад
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
@Wisey_83
@Wisey_83 27 дней назад
For a persoal vehicle, it's only work place to work place. To and from home is on you. And that's only if your employer isn't reimbursing you for KM's travelled, which they should be of work place to work place os a requirement for your employment. It's that or they lend you a company vehicle. I made my previous employer give me a yard ute anytime they wanted a trip like this to occur, because they wouldn't pay for my KM's.
@EthanRooshock
@EthanRooshock 27 дней назад
Not from home to work unless other circumstances apply such as carrying bulky tools and differing places of work.
@sheshd
@sheshd 26 дней назад
@@EthanRooshock yep thought this was it. Cheers legend.
@rudyboy2010
@rudyboy2010 26 дней назад
Hi mate ,can you help a Gardner for my tax return 🎉
@EthanRooshock
@EthanRooshock 26 дней назад
@@rudyboy2010 Sure, get in touch with Rooshock Accounting.
@sashoboss2121
@sashoboss2121 22 дня назад
My tax return on the ato website includes the medicare levy in te estimates even though im below the threshold to pay it, should i be worried?
@EthanRooshock
@EthanRooshock 22 дня назад
Medicare Levy or the Medicare Levy Surcharge?
@sashoboss2121
@sashoboss2121 22 дня назад
​@EthanRooshock Medicare levy, I see now there is a difference and levy has to be paid no matter what I believe
@HHH-nl2yd
@HHH-nl2yd 25 дней назад
Thanks for your tips. Can you claim the voluntary work on the weekend which is not paid ? For example, due to my high workload, I voluntarily spent a few hours on the weekend to catch up. Can I claim this ? Thanks
@EthanRooshock
@EthanRooshock 25 дней назад
What exactly are you wanting to claim?
@HHH-nl2yd
@HHH-nl2yd 25 дней назад
@@EthanRooshock by using the fixed rate method ? Calculated the hours I worked. So I normally spend 3 hour on the weekend working from home to catch up with my high workload. This is my own choice and my boss didn’t ask me to work from home on the weekend. Thanks
@EthanRooshock
@EthanRooshock 24 дня назад
@@HHH-nl2yd Yeah should be fine as long as you have a log of the hours.
@HHH-nl2yd
@HHH-nl2yd 24 дня назад
@@EthanRooshock thank you.
@DollysCraftWorld
@DollysCraftWorld 25 дней назад
I just started as a sole trader but have not made any income. Would I be able to claim my expenses in the financial year ending 2024? or would that be classified in 2024 tax return as a loss and carried forward to the financial ending in 2025?
@EthanRooshock
@EthanRooshock 25 дней назад
Have a read of the Non Commercial Loss rules. I believe I have a video on my channel about claiming business losses.
@OblivionWalkerVerified
@OblivionWalkerVerified 20 дней назад
Do you know anything about lump sum E ? My company didn’t declare it in my tax return and because of that I end up getting a $2500 tax bill :(
@EthanRooshock
@EthanRooshock 20 дней назад
What do you mean they didn’t declare it in your tax return?
@navarajdhungana7223
@navarajdhungana7223 5 дней назад
Hi mate good evening I have done 60,000km . I have maintained the log book. And 40,000km is work related km. How much should I be claiming on this? I drive outlander 4wd. Thank you
@EthanRooshock
@EthanRooshock 5 дней назад
If you've done that, you'd be using the logbook method and claiming that percentage of all costs. Speak to your tax agent for clarification and they will be able to help you.
@lucyewaretini9373
@lucyewaretini9373 26 дней назад
How do you claim remoter worker on your tax return
@EthanRooshock
@EthanRooshock 26 дней назад
Do you mean the Zone offset?
@anuragkarmarkar29
@anuragkarmarkar29 Месяц назад
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.
@EthanRooshock
@EthanRooshock Месяц назад
Yeah that is something that is quite specific but if it applies to you, definitely something you need to get right.
@sylviahorusman
@sylviahorusman 29 дней назад
that's so right ! I had been paying the medicare levy for 2 years because of the H n R Block agency put me in while I was on student visa. It's a lot of money !
@TopGWheelz
@TopGWheelz 28 дней назад
Stop complaining, You guys should pay more tax. Its massive privilege for you to live and work here
@gilabola4642
@gilabola4642 28 дней назад
​@@TopGWheelz if you work and pay tax, you can maximise your tax return regardless your background. If you dont like that, try rewrite the law then 😂
@TopGWheelz
@TopGWheelz 27 дней назад
@@gilabola4642 yeah they can do what they want. They need to stop complaining
@timothygurung1398
@timothygurung1398 20 дней назад
Love ya brother Cheers 😊
@EthanRooshock
@EthanRooshock 20 дней назад
Thanks!
@eeiko321
@eeiko321 21 день назад
Hi Ethan, I just wanna understand. do you carry out the individual’s tax returns or is it a team of workers that you have, who will?
@EthanRooshock
@EthanRooshock 20 дней назад
I have a team but you can definitely request for me to the be the one to do the return.
@eeiko321
@eeiko321 9 дней назад
​@@EthanRooshockHi Ethan, Thank you for your reply. Basically, I have been carrying out tax returns with a franchise over the years but am dissatisfied with the service. without going into to too much detail, could I reach out to you to discuss it further and the opportunity to use your services on an ongoing basis?
@EthanRooshock
@EthanRooshock 9 дней назад
@@eeiko321 Yep happy for you to contact us via our website
@eeiko321
@eeiko321 6 дней назад
@@EthanRooshock Hi Ethan, Thank you again. I sent an enquiry via the website and am currently in a few back-and-forth emails with the team member. Looking forward to hearing from you.
@georgiaknapp1426
@georgiaknapp1426 22 дня назад
Hey Ethan, wondering if you can help me. From June 2023 to Feb 2024 I open a cafe. We opened it as a company, I was a director/partner of this business and also managed and ran day to day operations. Wondering how I add this in to my personal tax return as I didn’t make any personal money from the business and wondering if I claim things for it? Any advice would be appreciated.
@EthanRooshock
@EthanRooshock 22 дня назад
Did you receive any wages or income from the company? If not, not sure what you're wanting to add in to your return?
@georgiaknapp1426
@georgiaknapp1426 22 дня назад
@@EthanRooshock No I didn’t receive any wages but I did buy things out my personal pocket and did travel for the business using my personal car and used my personal phone for business contact can I claim these things?
@AusJoel13
@AusJoel13 22 дня назад
My return last year was negative $3800… hecs debt caught me badly, led to some really dark times but this year my tax was withheld correctly so it’s apparently an estimated $4-500 return👌👌
@EthanRooshock
@EthanRooshock 22 дня назад
That’s a nice turnaround!
@nickdavis6676
@nickdavis6676 21 день назад
I cleared my hecs. My advice is if you can afford to don't notify the government when your hecs is cleared so you get a kick ass tax return
@jdhshuajfjueudhbd6227
@jdhshuajfjueudhbd6227 20 дней назад
@@nickdavis6676 what's the point in doing that? wouldn't you rather have access to that extra money throughout the year instead of one lump sum at tax time
@nickdavis6676
@nickdavis6676 20 дней назад
@@jdhshuajfjueudhbd6227 because sometimes you adapt your spending to your income.
@PANN1Cau
@PANN1Cau 20 дней назад
@@nickdavis6676but then you’re letting that extra money sit with the government rather than in your own pocket which could go towards investments or savings immediately. It sounds great to get a bigger return but you’re better off always having that money with you rather than with the government
@duaneleroux5956
@duaneleroux5956 29 дней назад
Does commuting to and from work count as work travel? Thanks
@EthanRooshock
@EthanRooshock 29 дней назад
In most cases no. There are a few exceptions such as carrying bulky tools or differing places of work. Check the ATO website.
@garylangford6755
@garylangford6755 26 дней назад
You wish lol unless you're a sole trader
@Comfarol
@Comfarol 23 дня назад
@@EthanRooshock I am the tool, does that count.
@EthanRooshock
@EthanRooshock 23 дня назад
@@Comfarol Might be hard to argue that one with the ATO haha
@mariadelcarmenmartinezsant1342
@mariadelcarmenmartinezsant1342 25 дней назад
Hi Ethan, can you do a tax return for a working holiday maker? thanks
@EthanRooshock
@EthanRooshock 24 дня назад
Yeah we sure can.
@AussieTrucking
@AussieTrucking 10 дней назад
what about tolls? i drive to different sites and go through tolls.
@EthanRooshock
@EthanRooshock 9 дней назад
Depends on the situation, probably but best to check with the ATO.
@kylejuelfs6401
@kylejuelfs6401 25 дней назад
Good video. I'm never sure about waiting because my share statements, super annuation statement and certain bills (to deduct for WFH) don't come until like October. This effects my payable child support so not sure if waiting is best for these jtems or not 🤔
@EthanRooshock
@EthanRooshock 25 дней назад
You should wait until you can do your return accurately, or you would need to amend it.
@cameronlane9216
@cameronlane9216 8 дней назад
If I do split shit and drive to and from work 2 times a day and work from home in between can I claim the driving I do? 😊
@EthanRooshock
@EthanRooshock 7 дней назад
Best to chat to your tax agent about that one.
@stevesma2443
@stevesma2443 13 дней назад
Hi Ethan Great channel and I have subscribed and liked!! My wife recently died and did all my tax with an accountant as I was self employed. I now work for wages and have a very simple tax process. I have the usual employer super contribution. Other than my employer contribution, I contribute myself an after tax payment of $1200 per year. I know I can claim this by issuing an intent to claim form to my qualifying super fund (CFS). My question is, after the super fund pay the 15% tax, what part of that $1200 per year contribution can I claim? $180 being the 15% tax, or $1020 being the amount after the 15% has been paid to the ATO? Thank You. 🙏
@EthanRooshock
@EthanRooshock 13 дней назад
Thanks! If you're claiming a personal super contribution, you put in the full concessional contribution that you put on your notice of intent to claim. You claim this amount as a deduction and this saves you tax at your marginal tax rate. You pay the 15% in your super fund when the contribution goes in.
@stevesma2443
@stevesma2443 13 дней назад
@@EthanRooshock Thank You :)
@EthanRooshock
@EthanRooshock 13 дней назад
@@stevesma2443 No worries!
@traviscue2099
@traviscue2099 25 дней назад
After paying my taxes in full these last 2 years something is insanely wrong. Owed 900 last year and 1800 this year. Definitely going to a professional.
@EthanRooshock
@EthanRooshock 25 дней назад
Yeah might be worth finding out why that is happening
@stuartwilko
@stuartwilko 23 дня назад
It’s the Medicare levy surcharge that kills me.
@traviscue2099
@traviscue2099 23 дня назад
@@stuartwilko the surcharge/the removal of the 1500 we used to get/hex debt and now the cyclone "relief" money they now want back.. even though I was out of work for weeks. Gotta love our government 😅
@BradSkillez
@BradSkillez 18 дней назад
@@stuartwilkoif you have private health you forfeit that fee.
@BradSkillez
@BradSkillez 18 дней назад
As soon as I started making 200k a year I went into private health to counter the Medicare levy
@trigger0403
@trigger0403 23 дня назад
I can't get a receipt from this one guy I did my training with for some reason...how do I go by claiming the training
@EthanRooshock
@EthanRooshock 23 дня назад
Did you pay via a bank transfer?
@trigger0403
@trigger0403 23 дня назад
@@EthanRooshock with my phone pay pass
@philiprachtman1217
@philiprachtman1217 Месяц назад
Can you use occupancy method if the room / Garage is used for equipment / tool storage?
@EthanRooshock
@EthanRooshock Месяц назад
Depends on the type of business/personal use. Also whether it could be converted easily into other purposes.
@mimicat11
@mimicat11 28 дней назад
Hi Ethan - if my company reimbursed my km can I claim the km on tax return?
@EthanRooshock
@EthanRooshock 28 дней назад
Not if they reimbursed you, however it will depend whether they reimbursed or whether you got an allowance.
@mimicat11
@mimicat11 28 дней назад
@@EthanRooshock thanks 🙏 it’s paid as an allowance
@EthanRooshock
@EthanRooshock 28 дней назад
@@mimicat11 That will normally be income and then you normally claim a deduction
@TKDPWR
@TKDPWR 27 дней назад
how can you claim work from home when you have two full time jobs from home?
@EthanRooshock
@EthanRooshock 27 дней назад
Same as if you had 1 job or 10 jobs. Just need to follow the fixed rate or actual cost methods.
@jayloving2005
@jayloving2005 25 дней назад
How to claim overseas bank savings account earned interest?? Claim Is there any deduction?? For local bank interest and overseas?
@EthanRooshock
@EthanRooshock 24 дня назад
What do you mean sorry?
@jayloving2005
@jayloving2005 24 дня назад
@@EthanRooshock I have earned interest overseas bank account as well Australian?? Is there any deduction for that?
@moreon340
@moreon340 21 день назад
​@@jayloving2005deductions are for expenses you have relating to your work. You're describing income, not an expense so your question is very confusing.
@sharpenednoodles
@sharpenednoodles 13 дней назад
“Motclaims” 😅 typo aside, excellent video - thanks for putting this together!!
@EthanRooshock
@EthanRooshock 13 дней назад
Hahaha yes so frustrating to see that after I had uploaded!
@jaredtansley3236
@jaredtansley3236 17 дней назад
Brother can you go over content creation ABN Tax please what can we claim
@EthanRooshock
@EthanRooshock 16 дней назад
Hopefully you’ve seen my other replies
@jaredtansley3236
@jaredtansley3236 16 дней назад
@EthanRooshock yep cheers heaps matey, best content I've seen so far on RU-vid well done
@EthanRooshock
@EthanRooshock 15 дней назад
@@jaredtansley3236 Thanks!
@avindavis9100
@avindavis9100 29 дней назад
Can you make a video for international students?
@EthanRooshock
@EthanRooshock 29 дней назад
What would you like to know?
@TastyAzWhole
@TastyAzWhole 20 дней назад
The biggest scam there is, is us being excited about getting SOME of OUR money back
@EthanRooshock
@EthanRooshock 20 дней назад
What’s the biggest scam?
@shini44-44
@shini44-44 19 дней назад
​@EthanRooshock I'm assuming they are talking about the amount we get taxed.
@utsavacharya2521
@utsavacharya2521 27 дней назад
Hi Ethan do you do tax returns for rideshare drivers?
@EthanRooshock
@EthanRooshock 27 дней назад
Yep we sure do
@CondemnedInformer
@CondemnedInformer 12 дней назад
I got almost $1500 back in 2022, I got $700 back in 2023 and now it says I owe the ATO money. My job hasn't changed and I am on pretty much the same wage. Year to year, nothing changed. Where there changes to student debt?
@EthanRooshock
@EthanRooshock 12 дней назад
Something must have changed as there's been no major changes between 2023 & 2024 returns.
@CondemnedInformer
@CondemnedInformer 12 дней назад
@@EthanRooshock Well, I will not be getting another shift each 2 week if this is what it means. Thanks for the comment
@shairagonzales09
@shairagonzales09 28 дней назад
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?
@maccaoutdoors2889
@maccaoutdoors2889 28 дней назад
Yes.
@EthanRooshock
@EthanRooshock 28 дней назад
Potentially. However, you'd need to work out what % or what cost is being used for work vs. personal.
@praveenv629
@praveenv629 Месяц назад
Cents km method is easy u dont keep records if you go kog book method u have to carry all recepits.
@EthanRooshock
@EthanRooshock Месяц назад
Cents Per KM requires less records but still need to have a clear reason on how you came out with the kilometres travelled.
@TheRaziel921
@TheRaziel921 15 дней назад
@@EthanRooshockhow? I made my lodge and that’s it… after the ato send a message to us for the cents per km?
@EthanRooshock
@EthanRooshock 15 дней назад
@@TheRaziel921 What?
@type_one
@type_one 25 дней назад
are funko pops tax deductable? asking for a friend :D haha
@putnamehereholdmadoodle
@putnamehereholdmadoodle 22 дня назад
Do one for support workers. We get screwed pay shit loads get nothing back so sad.
@EthanRooshock
@EthanRooshock 22 дня назад
What in particular would you like to know
@HYPNO7IC_MC_
@HYPNO7IC_MC_ 29 дней назад
Ethan your a good man can u do my tax Hr block been previously not happy with them Can u do my lodgement please 🙏
@EthanRooshock
@EthanRooshock 29 дней назад
Thanks! Reach out to Rooshock Accounting via our website and we would be happy to help
@NewbyINC
@NewbyINC 22 дня назад
I got audited by the ATO recently, and they said, "tax invoices are not sufficient to allow claims"
@EthanRooshock
@EthanRooshock 22 дня назад
Sorry what?
@NewbyINC
@NewbyINC 22 дня назад
@@EthanRooshock Exactly what I said 😅
@EthanRooshock
@EthanRooshock 20 дней назад
Why did they say that?
@daddyramsey89
@daddyramsey89 19 дней назад
As someone with 9 investment properties, I'm grateful for videos on maximising my return. Any tips on negative gearing?
@EthanRooshock
@EthanRooshock 19 дней назад
Thanks. I've talked about negative gearing ages ago on my channel but haven't covered it for awhile. I will have to talk about it again soon!
@sambakerman9406
@sambakerman9406 22 дня назад
Why doesn't the ATO go after Woodside. Surely they owe some hefty fines....
@EthanRooshock
@EthanRooshock 22 дня назад
Go after them for what?
@praveenv629
@praveenv629 Месяц назад
where is super constriubution we can pay limit is $27,500 for 2024 year...we will get dedcuctions.
@EthanRooshock
@EthanRooshock Месяц назад
You can claim concessional contributions you have made in most cases. Best to get advice in this area.
@praveenv629
@praveenv629 Месяц назад
@@EthanRooshock I am a tax consultant
@critical4306
@critical4306 26 дней назад
You can't even spell, and you are a tax consultant, lol? ​@praveenv629
@youtubevanced4900
@youtubevanced4900 24 дня назад
A few months ago I got a bill from the ATO for the 2006-2007 tax year. They wanted 3grand or a bit over. Said I didn’t lodge a tax return that year. That’s great information almost 20 years later when I no longer have any records at all. I had no way to verify their claims or submit a claim for that year. What a fucking joke. I thought the requirement was to keep records for 7 years. I probably kept them for 15 years before my filing cabinet was overflowing. How can they do an audit almost 20 years in the past?
@EthanRooshock
@EthanRooshock 24 дня назад
That is very odd, I'm surprised they would do that far back,
@youtubevanced4900
@youtubevanced4900 24 дня назад
@@EthanRooshock You and me both. Pisses me off I kept my records for so long but even 15 or so years wasn't enough. At first, I thought it was a scam, so I deleted the emails and messages I was getting but they kept at it. Eventually I logged into the ATO website and sure enough I had this huge bill sitting there.
@chasp_0784
@chasp_0784 23 дня назад
Might have to give you a bell, paid 90k in tax 😂 good old paye I’m sure there’s nothing I can do.
@EthanRooshock
@EthanRooshock 22 дня назад
Yeah there's limited options unless you have lots of deductions.
@praveenv629
@praveenv629 Месяц назад
Better you 5,000 kms it is good decdions in MV Expenses .
@EthanRooshock
@EthanRooshock Месяц назад
Not sure what you mean sorry.
@praveenv629
@praveenv629 Месяц назад
then also take printing and stationery $300 as per ato limit if you are getting salary.
@EthanRooshock
@EthanRooshock Месяц назад
There's no ATO $300 limit. You need to actually have spent the money.
@cinnamonbun3859
@cinnamonbun3859 23 дня назад
Everyone in the comments “I paid $7 million in tax and only got $5 back” Have a sook
@EthanRooshock
@EthanRooshock 22 дня назад
Hahaha!
@RichardLeslieWhereat
@RichardLeslieWhereat 21 день назад
Mate, I work 87.5 hours a week, and I am almost always away from my family, but they tax me the same as a ponce in an air con office doing 6 hour days. Yeah, I have a sook.
@ThisUsernameSystemF-ckingSucks
@ThisUsernameSystemF-ckingSucks 20 дней назад
​@@RichardLeslieWhereatI'm sorry if you need to work that much. It aint right for you or your family.
@jackduncan7214
@jackduncan7214 20 дней назад
I pay 18k tax, I get 300 back... almost not worth doing
@EthanRooshock
@EthanRooshock 20 дней назад
@@jackduncan7214 Wow that's a really good result. Means you've had almost the perfect amount of tax withheld ongoing and must have barely any deductions which means your employer covers all of your costs.
@ZZYDDD
@ZZYDDD 23 дня назад
why do I gotta pay 700 tax ?
@EthanRooshock
@EthanRooshock 23 дня назад
Your tax owing is more than your tax withheld. That's the simple answer in most cases. However, there are a range of factors beyond that.
@splaticus230
@splaticus230 27 дней назад
can you do my tax im scared
@EthanRooshock
@EthanRooshock 27 дней назад
Sure contact my business Rooshock Accounting.
@praveenv629
@praveenv629 Месяц назад
Beeter you go Fixed rate .67 cents .
@EthanRooshock
@EthanRooshock Месяц назад
Depends on the situation.
@Lostintime1900
@Lostintime1900 25 дней назад
IVE PAYED 12K IN TAX WHY DOES IT SAY IM ONLY GETTING RETURNED 1K
@EthanRooshock
@EthanRooshock 25 дней назад
How much did you earn though? Tax paid is irrelevant without knowing taxable income
@Lostintime1900
@Lostintime1900 24 дня назад
@@EthanRooshock 58000
@esthervanda7401
@esthervanda7401 4 дня назад
Can you help me file my return?
@EthanRooshock
@EthanRooshock 2 дня назад
Sure just contact my business Rooshock Accounting
@esthervanda7401
@esthervanda7401 День назад
@@EthanRooshock any email or number to text?
@jonathonsteel2501
@jonathonsteel2501 25 дней назад
Paid 19k in tax and the estimate said I was only going to get 350$ back. Absolute joke the ATO is
@EthanRooshock
@EthanRooshock 25 дней назад
Sounds like you’ve been getting almost the perfect take him pay which is great!
@jonathonsteel2501
@jonathonsteel2501 25 дней назад
@@EthanRooshock just worked lot's. Is this accurate for a return?
@EthanRooshock
@EthanRooshock 24 дня назад
@@jonathonsteel2501 Depends on whether you had any deductions etc.
@theharrisnow
@theharrisnow 28 дней назад
Can you help me to minimize my returns?
@EthanRooshock
@EthanRooshock 28 дней назад
Minimise your return?
@liamwindsor5854
@liamwindsor5854 17 дней назад
I’d suggest that’s a bad idea
@michaeljames1337
@michaeljames1337 22 дня назад
my tax agent f up my return tho she didn't put down all my lost and mess up my income.., now i lost 2.5k return and only getting $1,750, plus charge me Medicare levy and i only made 70k
@EthanRooshock
@EthanRooshock 22 дня назад
Have you spoke to them about it? Yes you do have to pay the Medicare Levy if you earned $70K. You wouldn't pay the Medicare Levy surcharge though.
@michaeljames1337
@michaeljames1337 22 дня назад
@EthanRooshock uhhh yea i told them as i have 2 income my business sole trade and my day job so i did make about 73k, i did ask her about most stuff but she was saying im 45k in the lost and putting anymore expenses wont do anything so half of my expenses wasnt put down plus apparently i had a 30k capital gain from last year but i dont own any investments?
@liamwindsor5854
@liamwindsor5854 17 дней назад
Sounds like you need to self educate mate
@michaeljames1337
@michaeljames1337 17 дней назад
@liamwindsor5854 yea im not to tax savvy 🤣🤘
@sandeshgurung1164
@sandeshgurung1164 24 дня назад
Can I work for you please 🙏
@EthanRooshock
@EthanRooshock 24 дня назад
Currently no job openings sorry but happy for you to send a resume to our email address.
@philiprachtman1217
@philiprachtman1217 Месяц назад
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?
@EthanRooshock
@EthanRooshock Месяц назад
Hahaha!
@bunniewood
@bunniewood 7 часов назад
I don’t think I can trust someone with a funko pop collection behind him.
@EthanRooshock
@EthanRooshock 7 часов назад
Yeah I agree, they would be very untrustworthy hahaha
@ShadowMonk609
@ShadowMonk609 19 дней назад
Funny how the ATO cracks down on the middle class, yet lets billion dollar gas company not pay tax. Fucking bullshit .
@EthanRooshock
@EthanRooshock 19 дней назад
Which company paid no tax?
@KArtoaT
@KArtoaT Месяц назад
🙏🙏🙏🙏🙏⭐️⭐️⭐️⭐️⭐️
@EthanRooshock
@EthanRooshock Месяц назад
Thanks!!
@brendonchang1978
@brendonchang1978 16 дней назад
It's shit how you work all year and tax return and all your money is gone
@EthanRooshock
@EthanRooshock 16 дней назад
Your money or your taxes? Haha
@hr713037
@hr713037 5 дней назад
i wish i can see this video earlier (cry )
@EthanRooshock
@EthanRooshock 4 дня назад
At least you've seen it now haha
@elucid07
@elucid07 25 дней назад
Fixed rate method for WFH is a joke.
@EthanRooshock
@EthanRooshock 25 дней назад
Yeah I’m not a big fan!
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