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/

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

3 күн бұрын

Glad I could help again!

Glad found this channel. Cheers mate

@EthanRooshock

5 күн бұрын

Thanks for watching!

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

Күн бұрын

That’s a nice turnaround!

@nickdavis6676

3 сағат бұрын

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

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

4 күн бұрын

Yeah might be worth finding out why that is happening

@stuartwilko

2 күн бұрын

It’s the Medicare levy surcharge that kills me.

@traviscue2099

2 күн бұрын

@@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 😅

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

9 күн бұрын

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.

THANKYOU agian Ethan. I'm wrapped you're my tax accountant!!

@EthanRooshock

9 күн бұрын

Thanks!

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?

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

9 күн бұрын

Hours would be based on the actual time they happened I would say.

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

6 күн бұрын

You'd have to check on the individual terms. It doesn't sound like income off what you've said.

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

Күн бұрын

Best to ask the ATO if you lodged yourself

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

3 күн бұрын

Yep no issues.

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

6 күн бұрын

A lot of questions there. Probably best to seek personal advice from your tax agent on them.

@Filo_Guy

5 күн бұрын

@@EthanRooshock If you can answer the first question what would your answer be?

@EthanRooshock

5 күн бұрын

@@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.

How do you claim remoter worker on your tax return

@EthanRooshock

5 күн бұрын

Do you mean the Zone offset?

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

4 күн бұрын

You should wait until you can do your return accurately, or you would need to amend it.

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

9 күн бұрын

Yeah that is something that is quite specific but if it applies to you, definitely something you need to get right.

@sylviahorusman

8 күн бұрын

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

7 күн бұрын

Stop complaining, You guys should pay more tax. Its massive privilege for you to live and work here

@gilabola4642

7 күн бұрын

​@@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

6 күн бұрын

@@gilabola4642 yeah they can do what they want. They need to stop complaining

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

Күн бұрын

Medicare Levy or the Medicare Levy Surcharge?

@sashoboss2121

Күн бұрын

​@EthanRooshock Medicare levy, I see now there is a difference and levy has to be paid no matter what I believe

Can these methods be utilise for part time/casual roles?

@EthanRooshock

Күн бұрын

Yeah as long as you base everything based on your actual situation.

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

6 күн бұрын

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

6 күн бұрын

Not from home to work unless other circumstances apply such as carrying bulky tools and differing places of work.

@sheshd

5 күн бұрын

@@EthanRooshock yep thought this was it. Cheers legend.

@rudyboy2010

5 күн бұрын

Hi mate ,can you help a Gardner for my tax return 🎉

@EthanRooshock

5 күн бұрын

@@rudyboy2010 Sure, get in touch with Rooshock Accounting.

Hey Ethan, love your work. If I live with my parents and don’t pay rent, can I claim working at home expenses?

@EthanRooshock

Күн бұрын

Thanks! Have a read of the fixed rate method, you should be able to use that.

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

4 күн бұрын

What exactly are you wanting to claim?

@HHH-nl2yd

4 күн бұрын

@@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

3 күн бұрын

@@HHH-nl2yd Yeah should be fine as long as you have a log of the hours.

@HHH-nl2yd

3 күн бұрын

@@EthanRooshock thank you.

Hi Ethan do you do tax returns for rideshare drivers?

@EthanRooshock

6 күн бұрын

Yep we sure do

Does commuting to and from work count as work travel? Thanks

@EthanRooshock

8 күн бұрын

In most cases no. There are a few exceptions such as carrying bulky tools or differing places of work. Check the ATO website.

@garylangford6755

5 күн бұрын

You wish lol unless you're a sole trader

@Comfarol

2 күн бұрын

@@EthanRooshock I am the tool, does that count.

@EthanRooshock

2 күн бұрын

@@Comfarol Might be hard to argue that one with the ATO haha

I got audited by the ATO recently, and they said, "tax invoices are not sufficient to allow claims"

@EthanRooshock

Күн бұрын

Sorry what?

@NewbyINC

Күн бұрын

@@EthanRooshock Exactly what I said 😅

Cents km method is easy u dont keep records if you go kog book method u have to carry all recepits.

@EthanRooshock

9 күн бұрын

Cents Per KM requires less records but still need to have a clear reason on how you came out with the kilometres travelled.

Shiiiiiiit thanks to my HECS, I owe the dogs 2500-ish. Don't know where I'm going to pull that from.

Can you use occupancy method if the room / Garage is used for equipment / tool storage?

@EthanRooshock

9 күн бұрын

Depends on the type of business/personal use. Also whether it could be converted easily into other purposes.

Hi Ethan, can you do a tax return for a working holiday maker? thanks

@EthanRooshock

3 күн бұрын

Yeah we sure can.

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

4 күн бұрын

Have a read of the Non Commercial Loss rules. I believe I have a video on my channel about claiming business losses.

how can you claim work from home when you have two full time jobs from home?

@EthanRooshock

6 күн бұрын

Same as if you had 1 job or 10 jobs. Just need to follow the fixed rate or actual cost methods.

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

2 күн бұрын

Did you pay via a bank transfer?

@trigger0403

2 күн бұрын

@@EthanRooshock with my phone pay pass

Can you make a video for international students?

@EthanRooshock

8 күн бұрын

What would you like to know?

Do one for support workers. We get screwed pay shit loads get nothing back so sad.

@EthanRooshock

Күн бұрын

What in particular would you like to know

How to claim overseas bank savings account earned interest?? Claim Is there any deduction?? For local bank interest and overseas?

@EthanRooshock

3 күн бұрын

What do you mean sorry?

@jayloving2005

3 күн бұрын

@@EthanRooshock I have earned interest overseas bank account as well Australian?? Is there any deduction for that?

@moreon340

7 сағат бұрын

​@@jayloving2005deductions are for expenses you have relating to your work. You're describing income, not an expense so your question is very confusing.

Hi Ethan - if my company reimbursed my km can I claim the km on tax return?

@EthanRooshock

7 күн бұрын

Not if they reimbursed you, however it will depend whether they reimbursed or whether you got an allowance.

@mimicat11

7 күн бұрын

@@EthanRooshock thanks 🙏 it’s paid as an allowance

@EthanRooshock

7 күн бұрын

@@mimicat11 That will normally be income and then you normally claim a deduction

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

Күн бұрын

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

Күн бұрын

@@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?

are funko pops tax deductable? asking for a friend :D haha

Why doesn't the ATO go after Woodside. Surely they owe some hefty fines....

@EthanRooshock

Күн бұрын

Go after them for what?

Might have to give you a bell, paid 90k in tax 😂 good old paye I’m sure there’s nothing I can do.

@EthanRooshock

Күн бұрын

Yeah there's limited options unless you have lots of deductions.

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

8 күн бұрын

Thanks! Reach out to Rooshock Accounting via our website and we would be happy to help

then also take printing and stationery $300 as per ato limit if you are getting salary.

@EthanRooshock

9 күн бұрын

There's no ATO $300 limit. You need to actually have spent the money.

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

7 күн бұрын

Yes.

@EthanRooshock

7 күн бұрын

Potentially. However, you'd need to work out what % or what cost is being used for work vs. personal.

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

3 күн бұрын

That is very odd, I'm surprised they would do that far back,

@youtubevanced4900

3 күн бұрын

@@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.

Better you 5,000 kms it is good decdions in MV Expenses .

@EthanRooshock

9 күн бұрын

Not sure what you mean sorry.

where is super constriubution we can pay limit is $27,500 for 2024 year...we will get dedcuctions.

@EthanRooshock

9 күн бұрын

You can claim concessional contributions you have made in most cases. Best to get advice in this area.

@praveenv629

9 күн бұрын

@@EthanRooshock I am a tax consultant

@critical4306

5 күн бұрын

You can't even spell, and you are a tax consultant, lol? ​@praveenv629

Beeter you go Fixed rate .67 cents .

@EthanRooshock

9 күн бұрын

Depends on the situation.

why do I gotta pay 700 tax ?

@EthanRooshock

2 күн бұрын

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.

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

Күн бұрын

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

Күн бұрын

@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?

can you do my tax im scared

@EthanRooshock

6 күн бұрын

Sure contact my business Rooshock Accounting.

🙏🙏🙏🙏🙏⭐️⭐️⭐️⭐️⭐️

@EthanRooshock

9 күн бұрын

Thanks!!

Paid 19k in tax and the estimate said I was only going to get 350$ back. Absolute joke the ATO is

@EthanRooshock

4 күн бұрын

Sounds like you’ve been getting almost the perfect take him pay which is great!

@jonathonsteel2501

4 күн бұрын

@@EthanRooshock just worked lot's. Is this accurate for a return?

@EthanRooshock

3 күн бұрын

@@jonathonsteel2501 Depends on whether you had any deductions etc.

IVE PAYED 12K IN TAX WHY DOES IT SAY IM ONLY GETTING RETURNED 1K

@EthanRooshock

4 күн бұрын

How much did you earn though? Tax paid is irrelevant without knowing taxable income

@Lostintime1900

3 күн бұрын

@@EthanRooshock 58000

Can you help me to minimize my returns?

@EthanRooshock

7 күн бұрын

Minimise your return?

Everyone in the comments “I paid $7 million in tax and only got $5 back” Have a sook

@EthanRooshock

Күн бұрын

Hahaha!

@RichardLeslieWhereat

37 минут бұрын

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.

Can I work for you please 🙏

@EthanRooshock

3 күн бұрын

Currently no job openings sorry but happy for you to send a resume to our email address.

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

9 күн бұрын

Hahaha!

Fixed rate method for WFH is a joke.

@EthanRooshock

4 күн бұрын

Yeah I’m not a big fan!