When did you actually do your tax last year?

Discussion in 'Accounting & Tax' started by EN710, 9th May, 2016.

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  1. EN710

    EN710 Well-Known Member

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    This is an early thread... but a follow up from thread last year per suggestion from @Azazel :)

    Who's doing their tax early this year?

    When did you plan to complete your tax last year?
    When did you actually do your tax?
    When do you plan to do your tax this year?

    Me:
    1. July
    2. Lodged August
    3. July

    I think I'm a bit more organised this year... I think.
     
    EN710, 9th May, 2016
    #1
  2. bob shovel

    bob shovel Well-Known Member

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    I rang my accountant last week to get the ball rolling! :p
    Last year same as you
     
    bob shovel, 9th May, 2016
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  3. EN710

    EN710 Well-Known Member

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    You're early :p
    How many tax returns to prepare this year?
     
    EN710, 9th May, 2016
    #3
  4. hobo

    hobo Well-Known Member

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    Ours (including 2 personal (myself + partner), 2 trusts, 1 kid, 2 parents.)

    1. March (of following year)
    2. Lodged April
    3. March

    The business ones are started slightly earlier (~Jan) so ours are always last.
     
    hobo, 9th May, 2016
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  5. Azazel

    Azazel Well-Known Member

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    1. July
    2. Just finalised it last month.
    3. July ;)

    But I have got my poo poo together this year... maybe.
     
    Azazel, 9th May, 2016
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  6. Ace in the Hole

    Ace in the Hole Well-Known Member

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    Still not finalised last years...
    Should get it done though as it'll be a 6 figure return.
    Hard to break old habits.
     
    Ace in the Hole, 9th May, 2016
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  7. Perthguy

    Perthguy Well-Known Member

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    I have a capital gain, so I will not be lodging early.

    >> When did you plan to complete your tax last year?
    By the end of July.

    >> When did you actually do your tax?
    October.

    >> When do you plan to do your tax this year?
    Return will be completed in July for lodgement by 31st of October.
     
    Perthguy, 9th May, 2016
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  8. Heinz57

    Heinz57 Well-Known Member

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    1,2 & 3 Brisbane Show Holiday (Mid August) every year. I have the office to myself so I can spread all the papers out on the boardroom table.
     
    Heinz57, 9th May, 2016
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  9. kierank

    kierank Well-Known Member

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    When did you plan to complete your tax last year?
    February as we weren't expecting any tax refunds

    When did you actually do your tax?
    March and we got a refund in our smsf (should have put it in earlier!!!)

    When do you plan to do your tax this year?
    Away overseas in July and August. So, hopefully September/October as our property portfolio has gone negative this FY (due to latest purchase) and we should both get a nice, big, juicy tax refund. Then we will be off to the casino to invest it!!!!
     
    kierank, 9th May, 2016
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  10. Scott No Mates

    Scott No Mates Well-Known Member

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    Accountant has sent Mrs No Mates a reminder for 2014/15 - he knows that if he hassles her it might happen (not too keen - CGT bill on the wind).
     
    Scott No Mates, 9th May, 2016
    #10
  11. Greyghost

    Greyghost Well-Known Member

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    As late as possible.. Always have to pay..
     
    Greyghost, 9th May, 2016
    #11
  12. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    This question is affected by whether its a refund or payable. In some cases refunds can be delayed such as NRAS etc
     
    Paul@PAS, 9th May, 2016
    #12
  13. EN710

    EN710 Well-Known Member

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    True...When is your busiest month lodging tax return if there is such thing?
     
    EN710, 9th May, 2016
    #13
  14. Scott No Mates

    Scott No Mates Well-Known Member

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    Even if we get motivated and get it to the accountant they don't have to lodge the return so give you the maximum time to prepare to pay.
     
    Scott No Mates, 9th May, 2016
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  15. Greyghost

    Greyghost Well-Known Member

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    I've got a bunch of clients signed returns to lodge 16/5 sitting here..
     
    Greyghost, 9th May, 2016
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  16. Sonamic

    Sonamic Well-Known Member

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    Slightly off topic but somewhat relevant. How much work/cost is involved in preparing a Tax Variation Form?
     
    Sonamic, 9th May, 2016
    #16
  17. legallyblonde

    legallyblonde Well-Known Member

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    1. July
    2. July
    3. AS LATE AS POSSIBLE

    I am claiming the tax free thresehold at Job One.. I started Job 2 just before christmas and did not claim the tax free thresehold... I am earning about the same from each role at the moment..Tax is roughly right, but HECS is not being considered... So I will have a 3-4k HECS debt. Oh and IP1 was super positively geared because of the IP2 deposit that was accruing all year.
     
    legallyblonde, 9th May, 2016
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  18. Joynz

    Joynz Well-Known Member

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    Did my tax ( well sent it to the accountant and got the refund) last month.

    Not happy with myself at all.

    Going to be one of the crowd this year - aiming for July 2016.
     
    Joynz, 9th May, 2016
    #18
  19. Bran

    Bran Well-Known Member

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    Haven't done last years.
     
    Bran, 9th May, 2016
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  20. Mooze

    Mooze Well-Known Member

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    1. July
    2. August after hounding the accountant for company return
    3. July 14 as I'm expecting my workplace to take until last minute to provide my paperwork.
     
    Mooze, 9th May, 2016
    #20
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