Job Keeper
Submitted by Willlo on Fri, 2021-07-02 08:49
So who got stung by the ATO with there new payg payments ?
Mongrels give with one hand tell you to spend up and then smash you the next year with tax , no wonder the country is f&^ked with pin heads like scomo running it.
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Call Sign - BZ785
Haynes Hunter Prowler CC
Brock O
Posts: 3163
Date Joined: 11/01/08
Didn't use job keeper but did
Didn't use job keeper but did pull 10k of me super, waiting for a come back on that! recon they will try hand out fines of some sort if they deem it un-warranted after one of there reviews...
Not a year goes by there isn't an extra tax or payment required...expect no difference this year from the Pigs!
dodgy
Posts: 4563
Date Joined: 01/02/10
Mate pulled 20k out and paid
Mate pulled 20k out and paid some bills down.
His justification was government can and does change the rules whenever they feel like it so may as well use it to help himself out.
Hard to really argue against it
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
Brock O
Posts: 3163
Date Joined: 11/01/08
Yep same, me and wife both
Yep same, me and wife both pull 10k and put it straight on a new car. no loans or interest to worry about.
My super has gained a heap this year already...well forgotten.
VIC DORY
Posts: 308
Date Joined: 28/05/15
Pulled super and purchased
Pulled super and purchased gold, you don't pay capital gains on gold investments.
davewillo
Posts: 2254
Date Joined: 08/09/16
I didn't know that Vic. I
I didn't know that Vic. I thought you paid tax on any gains.
PGFC member and lure tragic
Rob H
Posts: 5745
Date Joined: 18/01/12
Never heard that before
I thought that was only on minted coins that have a "face value" but its a new one on me if you are correct
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
sea-kem
Posts: 14853
Date Joined: 30/11/09
Just googled this up on an
Just googled this up on an Australian gold bullion site,
You may be required to pay capital gains tax if your investment grade bullion has a greater value at the time of sale compared to the value at the time of purchase. However, sales of investment grade bullion do not attract GST.
Love the West!
Rob H
Posts: 5745
Date Joined: 18/01/12
Thats the same as any
Thats the same as any investment? If you sell it for more than you bought it for allowing for the costs, you pay capital gains at your marginal rate.
Similar GST-don't pay GST buying and selling shares either
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
sea-kem
Posts: 14853
Date Joined: 30/11/09
Absolutely! That's why I
Absolutely! That's why I need to win lotto
Love the West!
Rob H
Posts: 5745
Date Joined: 18/01/12
.
fark, me too...
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
Marineboy
Posts: 839
Date Joined: 14/03/14
Job keeper
Surely you didn't think this was a tax free donation willo ?
My spots are so secret even the fish don't know about them !
Willlo
Posts: 1490
Date Joined: 07/10/11
Nah i knew id have to pay
Nah i knew id have to pay something but didnt expect to have a good year so didnt really need it. On the other hand this year has been shit , so now have to pay extra tax whilst having a shit year. luckily i i idnt spend it like the govt were pushing everyone to do so i can pay it back.
Call Sign - BZ785
Haynes Hunter Prowler CC
Billcollector
Posts: 2006
Date Joined: 16/05/09
You can adjust your PAYG
You can adjust your PAYG payments to reflect your income. Your accountant can sort.
sea-kem
Posts: 14853
Date Joined: 30/11/09
Thankfully never used job
Thankfully never used job keeper but copped a nice tax bill from last year. It always concerns me when my accounts starts off by saying "Well you had a really good year last year ''
I know the patio guys near me claimed big time on job keeper by not submitting any invoices. I reckon they'll be having a few headaches with the tax man. He will always get his cut.
Love the West!
Jackfrost80
Posts: 8048
Date Joined: 07/05/12
My missus got overpaid this
My missus got overpaid this year which has pushed us over the Medicare Surcharge Levy threshold and we now have to pay an extra 1% tax each... ouch!
Time to bite the bullet and get hospital cover especially if any of us do require elective surgery under with Labors farcical hospital system.
Officially off the Pies bandwagon
sea-kem
Posts: 14853
Date Joined: 30/11/09
Missus has done a lot of
Missus has done a lot of research into private and at the end of the day it's the way to go. Especially needing glasses and teeth as I turn into an older fool lol
Love the West!
Jackfrost80
Posts: 8048
Date Joined: 07/05/12
Yeah mate, I've got gold
Yeah mate, I've got gold cover for extras including dental, optometrist, massage, psychology, physio/chiro etc but only private hospital cover exempts you from the Medicare Surcharge Levy.
Officially off the Pies bandwagon
dodgy
Posts: 4563
Date Joined: 01/02/10
I had to use my top hospital
I had to use my top hospital a few months ago after lack of joy in the public system. Fairly straight forward gall bladder removal turned into 2 surgeries and went straight up over 15k over a few days. It's one of those things you don't need for ages and then you really do.
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
uncle
Posts: 9350
Date Joined: 10/02/07
Here you go folks
in the last 7 months my bill from hospitals is 80k all paid by HBF and that’s without hospital accommodation costs, no waiting access to specialists, worth every penny.
all aggressive fish love bigjohnsjigs
davewillo
Posts: 2254
Date Joined: 08/09/16
My employer claimed
My employer claimed JobKeeper for all of us and then had a bumper year! Hope they make him pay back every cent! We had a 25% salary reduction for about 4 months and then he begrudgingly put our pays back up. In December we got paid half of the reduction back and last week we got the other half. It took months of battling to get that paid back.
We've got top hospital and major dental and in the last 5 years had 2 knee miniscus resections, wife had 2 toe operations and a "lady's surgery", and then in December I got my shoulder reconstructed after I fucked it up in the gym. Cost me $78.
PGFC member and lure tragic
Jackfrost80
Posts: 8048
Date Joined: 07/05/12
I work for a Council and we
I work for a Council and we were asked to vote to adjust our agreement to forgo our 2% payrise this year fir the greater good which we did.
Since then we've seen Councillors hold red carpet social dos where they are supposed to be networking with community leader/groups etc but just invite family and friends to a weekly Fri night dinner with chef prepared food and an open bar.
Proper kick in the teeth.
Officially off the Pies bandwagon
rob90
Posts: 1522
Date Joined: 06/02/13
Sounds like standard council
Sounds like standard council behaviour. Screw the residents and screw the employees great family first policy tho
Hi my name is rob............. and I'm a........... fishaholic