🚀 go-pugleaf

"KL" <kenclau@gmail.com> wrote in message
news:44531f2b$0$7527$afc38c87@news.optusnet.com.au...
>
> "jg" <jg@nospam.com> wrote in message
> news:iRk4g.18029$vy1.17499@news-server.bigpond.net.au...
> >
> > "KL" <kenclau@gmail.com> wrote in message
> > news:1146205680.035268.308570@u72g2000cwu.googlegroups.com...
> >>
> >> "Tax Inspector-General David Vos has been talking to the Organisation
> >> for Economic Co-operation and Development about so-called
> >> "pre-populated' tax returns, where responsibility for filling in income
> >> and deductions information is shifted to tax administrators."
> >>
> >> "The discussions follow growing alarm about a rise in the number of
> >> Australian taxpayers failing to lodge their annual returns, even though
> >> many are entitled to tax refunds."
> >>
> > Maybe. I know some who haven't done a lot of BAS's because it's "too
hard"
> > but mostly because they couldn't pay it - they spent the money. When
> > annual
> > tax time comes they might be owed a refund on paper, but they owe the
ATO
> > for all the BAS's, including all the GST. Unless the refund is more than
> > the
> > GST owing, they find it more attractive to just hope the problem will go
> > away. Don't know if you have to pay the PAYG first, to get any refund
> > owing.
> >
> >
> Don't know about you, but I spend roughly a week of evenings to prepare my
> annual tax return. I'd imagine for a lot of taxpayers, it's all too much
> trouble.
>
My BAS's are virtually a printout, but for what I pay an accountant for each
annual return, I would work about 10 hours. Jobs would run later by the
amount of time I spent on tax, but also he will always find more deductions
than I can. Same would be true for most contractor types or business owners.
If it's too much trouble it would be because they keep sloppy records.