I Should Be (but can't be bothered)

[echnidna]

I should be drawing plans but can't be bothered.

What Should You Be Doing ?

[Burnsy]

My tax, although I did just put a small effort into the business side of things - what a nightmare. Can't do personal till it's finished and that's where the money is.

Oh and I have still done no tiling

[Honorary Bloke]

I should be finishing the laundry room reno, but just can't get myself back on it. I think SWMBO's intolerance level is beginning to hover near the 9.5 mark.

[journeyman Mick]

Let's see:
2 x BAS statements
2 x personal & 1 X partnership tax return
about a dozen letters to a certain government department
fold laundry
clean kitchen
sort out dive gear and get it out of the kitchen

Then of course there's the kitchen cabinets to finish, patch up where I've knocked out a wall, rearrange furniture in lounge/dining area (now that the wall is gone) etc etc etc, need I go on?

Mick

[Burnsy]

1 X partnership tax return

Yeah that's the one, what a nighmare bunch of goobledegook, should have just stayed with a registered business and no partnership. The instruction book tells you nothing. I fill out all the profit and loss part, then two pages on it askes me to do it again for the partnerships business, do I ignore it or put the figures in again - maybe I will just ignore it, it is there fault it's so damn confusing, I am trying to do the right thing

[journeyman Mick]

Burnsey,
I don't actually do the returns, just load all the invoices and receipts into the software and then extract everything for the accountant. That's more than enough for me. I haven't actually filled in a return myself since it was a A3 sheet folded in half to make a 4 page booklet.

Mick

[Burnsy]

Burnsey,
I don't actually do the returns, just load all the invoices and receipts into the software and then extract everything for the accountant. That's more than enough for me. I haven't actually filled in a return myself since it was a A3 sheet folded in half to make a 4 page booklet.

Mick

I have done my own online for the past three years, did the same as you when was running the buisness but thought I would do the partnership thing myself so I can do our personal ones online again (need partnership profit to add to personal). Stupid thing is partnership one is one of those A3 sheets folded into four page booklet thingos - the tax office is backwards - no online for partnerships, but they do send out an accompanying 100 page book of fine print. Trying to do the right thing paying my tax but they make it hard, I'm not paying an accountant to submit a return for a partnership that only turned a $500 profit, and they wonder why the cash economy is so strong.

[ss_11000]

well..there is that stoopid english reading task i got to do...

[Sturdee]

Yeah that's the one, what a nighmare bunch of goobledegook, should have just stayed with a registered business and no partnership. The instruction book tells you nothing. I fill out all the profit and loss part, then two pages on it askes me to do it again for the partnerships business, do I ignore it or put the figures in again - maybe I will just ignore it, it is there fault it's so damn confusing, I am trying to do the right thing

Don't ignore any instructions, fill it out completely. The days of doing a P & L account and BS statement and attaching that and marking the return form with "As per attached" is long gone.

I know someone who did this still 12 months ago and the tax return was sent back 7 months after lodgment as unacceptable because it was incomplete. At the same time the ATO fined the partnership for failing to lodge a return by the due date. There is a lesson to be learned there.

They are never in a hurry with P and T returns as there is no tax payable but it decides the tax liability of the partners/beneficiaries.

If you make a mistake in the P return and as such understate partners income, in due course they will issue amended personal assesments and charge interest and issue a fine as well. Hence care is advised and it may be better to use a Tax agent/Accountant rather than save a few dollars.


Peter.

[Burnsy]

Don't ignore any instructions, fill it out completely. The days of doing a P & L account and BS statement and attaching that and marking the return form with "As per attached" is long gone.

I know someone who did this still 12 months ago and the tax return was sent back 7 months after lodgment as unacceptable because it was incomplete. At the same time the ATO fined the partnership for failing to lodge a return by the due date. There is a lesson to be learned there.

They are never in a hurry with P and T returns as there is no tax payable but it decides the tax liability of the partners/beneficiaries.

If you make a mistake in the P return and as such understate partners income, in due course they will issue amended personal assesments and charge interest and issue a fine as well. Hence care is advised and it may be better to use a Tax agent/Accountant rather than save a few dollars.


Peter.

I thought this would be the case and it is really peein me off. I earn't just under 5K all paid as cash doing ladscape jobs on my holidays. I do the righty and declare it, also claiming the tools I bought this year and ute repairs - all of which have ligitimately been used in the earing of the money. I figure I will do the tax online myself thus saving what little real profit made and I am screwed by the ATO not having online tax with tutorials for partnerships. You know what that makes me want to do next year don't you!! Honestly they make it impossible for people to read and follow their instruction books, there is no logic and it is all acronyms and bean counter speak

[Waldo]

G'day,

• my BAS, but I'll do that on the 29th - 20 minutes and it's done - too easy

• could easily be in the office doing work for clients - got plenty and working from home it's so easy to work late hours. (especially when it's something you can get your teeth into and enjoy)

• lots of stuff, but I'm here typing what I could/should be doing

• should be making more toys, but other projects in the shed are taking all my time, like

• could be making my router table, I'll do some more tomorrow, I've only got a few more bits to cut up then it's putting together time.

• SWMBO would say toys, painting the window architrave in the bathroom, painting around the sliding glass door we got installed months ago, digging the shavings into the ground that I dumped on top of the garden when I emptied the 2nd stage of the Dusty and a million other things I've forgotten or chose to forget.

[DJ’s Timber]

and a million other things I've forgotten or chose to forget.

Don't forget starting the decking

[JDarvall]

15 minutes to get to work and I'm still in my pajamas. but its colds outside. All sorts of other scary things out there too.

[les88]

Out in the shed making boxes, jigs. But I wait until it is nearly 9 am.[noise] I normally do my tax early this year can't get motivated. I use e-tax.

les

[silentC]

Working!