Пікірлер

• 
  @FrankieGoesPlaces2 күн бұрын

  Hi what do you enter on the net capital lost unapplied on the tax schedule (the next page that comes up when u select "If your capital gain or lost is more than 10k"). I have a total lost of 20k for this year and 10k previous years. Do i put the total lost only for this year only or both losses? (this year and previous year)?

• 
  @MoneywithDanКүн бұрын

  Does it have a label number that you a referring to?

• 
  @jobellecollie71392 күн бұрын

  I bought the excel spreadsheet. It only comes in Euro and Yen.

• 
  @MoneywithDan2 күн бұрын

  Are you sure you bought my spreadsheet? Mine is in dollars. In Excel you can easily change the setting to any currency you like.

• 
  @eldarhrnjcic50753 күн бұрын

  If I place the transaction value in the values box and change it to sum and to number then my result in the pivot table is 0 and if I place the transaction value in rows I do get the correct numbers I added in the data. Does anyone know how to solve this?

• 
  @MoneywithDan3 күн бұрын

  It sounds like your numbers are formatted as Text instead of numbers. I suggest you use the function to convert text to numbers. A step by step guide can be found here: support.microsoft.com/en-au/office/convert-numbers-stored-as-text-to-numbers-40105f2a-fe79-4477-a171-c5bad0f0a885#:~:text=Use%20Paste%20Special%20and%20Multiply,-If%20the%20steps&text=Select%20the%20cells%20that%20have,converts%20the%20text%20to%20numbers.

• 
  @disneydatney87513 күн бұрын

  I've only used Kraken to send to or receive money from overseas what would I do in this situation? Idk anything about crypto so i dont even understand what the ATO wants from me. Please help 🙏

• 
  @MoneywithDan3 күн бұрын

  The ATO has an easy to read guide that should answer your questions here: www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments

• 
  @gaius_marius4 күн бұрын

  Great tutorial. I was able to set it up for my personal bank and credit card accounts. Thanks!

• 
  @MoneywithDan4 күн бұрын

  Well done 👍

• 
  @JolanDrovandi4 күн бұрын

  Horrible system, what were you thinking not doing step by step ?? Are you a mad man ?

• 
  @MoneywithDan4 күн бұрын

  Funny you say that. I did another video step by step here: Sole Trader Tax Return: Step-by-Step Guide using MyGov kzread.info/dash/bejne/mqR5qZJuaMXaZKw.html

• 
  @alexperez54486 күн бұрын

  Is this considering Dividend Substitution Share Plan (DSSP) ?

• 
  @MoneywithDan5 күн бұрын

  This is total return. I have compared both investments without DSSP and DRP plans for a fair comparison.

• 
  @dianakaufman3907 күн бұрын

  Is there a section in Sharesight where I can see how much fees I am paying for each transaction as well as overall?

• 
  @MoneywithDan7 күн бұрын

  Yes. Try the “All Trades Report” in the report section.

• 
  @TraderG12348 күн бұрын

  Is the loss from last year automatically transferred over or do you have to put it in manually?

• 
  @MoneywithDan8 күн бұрын

  It’s always best to check prior year tax return either way and make sure any rollovers are correct. In the past it didn’t rollover some items including losses.

• 
  @Daedrex9 күн бұрын

  See you again next year

• 
  @MoneywithDan8 күн бұрын

  Look forward to it ☺️

• 
  @ajlavanetwork57559 күн бұрын

  Do they classify Nurses in emergency having to do excessive at home online modules & work books??? In addition; those seniors who are on registry for disaster deployments the education at home & education days in own time are relentless Once a month 6 hours minimum face to face unpaid simulations for ED. Excluding the excessive work from home hours to maintain all these NSW health changes for ECAT. I addition; modules in general Webinars Have to do everything at home etc etc

• 
  @MoneywithDan8 күн бұрын

  Thanks for your hard work in ED. You may find this video more helpful on this question. 2024 Tax Return Tips: Self-Education Deductions in Australia! kzread.info/dash/bejne/e4qGydqae7rZoqQ.html

• 
  @cassgruberman642510 күн бұрын

  Amazing videos!! Thank you

• 
  @MoneywithDan10 күн бұрын

  Thanks for watching!

• 
  @marioalves761010 күн бұрын

  so if i do door dash deliveries would that be a labour hire company?

• 
  @MoneywithDan10 күн бұрын

  The PSI tool should be able to help answer that question for you personally. There is no one size fits all answer.

• 
  @theobserver984911 күн бұрын

  After 2 hours of frustration Dan's simple video helped me at least figure out how to enter my income as a delivery driver. You are a legend Dan!!!!

• 
  @MoneywithDan11 күн бұрын

  Thanks so much for your kind comment! Best wishes with completing the rest!

• 
  @tommystrelnikoff575312 күн бұрын

  Thanks, bro this came in clutch! I attempted to do this today and couldn't figure out where to simply put my income and expenses because its all labelled funny. I gave up and was looking at an accountant and then found your video!

• 
  @MoneywithDan12 күн бұрын

  Glad it helped!

• 
  @tommystrelnikoff575312 күн бұрын

  Thanks tax with dan. Youve gotten a subscibe

• 
  @MoneywithDan12 күн бұрын

  Thanks so much!

• 
  @gloryratnam12 күн бұрын

  can you make one video for uber driver pls

• 
  @MoneywithDan12 күн бұрын

  It’s all very similar. Your individual circumstances make the difference.

• 
  @MrSolar913 күн бұрын

  Thank you so much for this video! I was getting ready to switch banks because I could not figure out how to download my transactions - I even called TWO CSRs and they said it could not be done! You have saved me hours!!

• 
  @MoneywithDan13 күн бұрын

  Thanks so much for watching and commenting. I’m glad it helps!

• 
  @PlongSamedy14 күн бұрын

  That's a great video. However, I wonder in the section add asset, do we have to add all kinds of Cryptos we played individually (one by one separate)? Thanks

• 
  @MoneywithDan13 күн бұрын

  Depends on what you mean by ‘played’

• 
  @kagomekirari2516 күн бұрын

  This is fantastic thank you so much! I will say as someone who literally works with Excel for a living, this can be made much simpler by using a Table in your Data tab. It will automatically copy all your formulas down, and you can make your PivotTable based on the Table rather than a selection of data, which means if you add or delete columns (among other things), you won't have to reset/redefine your data source. Just a lil tip from my experience making my sheet from this tutorial!

• 
  @MoneywithDan16 күн бұрын

  Thanks for watching. I agree about comments about tables and encourage their use. However for my audience, I want them to understand the basic concepts first. Many viewers of my channel have never used a spreadsheet before for instance and I don’t recommend tables for them.

• 
  @RevivalOne18 күн бұрын

  Great video. First time seeing this pre filled and stumped my outcome.

• 
  @MoneywithDan18 күн бұрын

  Thanks for watching. It surprises a lot of people with negatives outcomes not planned for.

• 
  @tee188118 күн бұрын

  Thank you thank you thank you for this video!!!!

• 
  @MoneywithDan18 күн бұрын

  Thanks for watching!

• 
  @rodney333318 күн бұрын

  Legend. Great video

• 
  @MoneywithDan18 күн бұрын

  Thanks for watching!

• 
  @GroundskeeperNick18 күн бұрын

  hi, ive been doing uber eats for afew months now and i am curious what im supposed to do for the "tax withheld" section. I obviously havent had any tax withheld, and when i put 0 it gives me an error, any help would be awesome.

• 
  @MoneywithDan18 күн бұрын

  Not sure but I created another video that goes into more detail that you can watch here: MyTax Tutorial: Personal Service Income for Sole Traders kzread.info/dash/bejne/gYCGw7igdde2nbA.html

• 
  @meroyatrama16776 күн бұрын

  put double zero brother it works. if worked thank me later,

• 
  @sunit016719 күн бұрын

  How to do owner occupied in myGov tax

• 
  @MoneywithDan19 күн бұрын

  Sorry not sure what you mean

• 
  @wattosacrim19 күн бұрын

  I moved 30k Chainlink to my ledger for safety coz I dont trust the exchanges in a bust, is that taxable?

• 
  @MoneywithDan19 күн бұрын

  Good question. For a complete answer the ATO guides taxable transaction here www.ato.gov.au/individuals-and-families/investments-and-assets/crypto-asset-investments/transactions-acquiring-and-disposing-of-crypto-assets/crypto-asset-transactions

• 
  @justanopinion702916 күн бұрын

  @@MoneywithDan Ok i suck at this but long story short bought and lost 1600 dollars (classic rugpulls got me)worth so all at a loss would i still get a amount owing from them you think?..Im not an accountant i dunno this tax crap

• 
  @justanopinion702916 күн бұрын

  @@MoneywithDan bought and lost 1600 would i still get a bill from them?

• 
  @Brandon-ts2xr19 күн бұрын

  Hey Dan, thanks for these awesome videos. Should I take my credit card info and combine it with checking? I do want the complete picture, but I would still like to differentiate the two. Thanks!

• 
  @MoneywithDan19 күн бұрын

  That what I do and the main reason I use excel is to see both sets of data in one view.

• 
  @kingcarnage_20 күн бұрын

  If you're doing Uber Eats, do you have to put tax withheld or is it $0?

• 
  @MoneywithDan20 күн бұрын

  If they withheld tax they should issue you a PAYG W statement. That should indicate what needs to be entered there.

• 
  @patronise22 күн бұрын

  Legend, thank you!

• 
  @MoneywithDan22 күн бұрын

  Thanks for your support!

• 
  @SrikrishnaSagar24 күн бұрын

  Beautiful. Is there any way I can check the change in utility bills on a monthly basis!

• 
  @MoneywithDan24 күн бұрын

  Thank you. I usually update the pivot table to put the dates data field into the column section of the Pivot table which appears in the field list button is selected. You can then filter on just utilities and expand the field to show the supplier costs on seperate rows. Hope that makes sense.

• 
  @joelh.974224 күн бұрын

  If I'm a sole trader registered for GST, do I exclude the GST from all the values here? Or do I enter the full amount I was paid and add the GST to deductions?

• 
  @MoneywithDan24 күн бұрын

  exclude GST from all the numbers

• 
  @SrikrishnaSagar24 күн бұрын

  Whats comma button mentioned repeated @5:26 ! I dint get that part.. Rest is excellent. Thanks

• 
  @MoneywithDan24 күн бұрын

  thanks for watching. this button “,”

• 
  @SrikrishnaSagar24 күн бұрын

  @@MoneywithDan Thank you so much.

• 
  @SrikrishnaSagar24 күн бұрын

  @@MoneywithDan Also can you please share the vlookup code? For some reason, im unable to reproduce what you are performing. After entering the comma, nothing shows up in the data cell because of which im getting the error (probably something to do with mac). Advance thanks. Really appreciate the support.

• 
  @SrikrishnaSagar24 күн бұрын

  It worked fine now. Thanks... Great video:)

• 
  @renan790725 күн бұрын

  For claiming deductions for home office do I need to keep receipts for using the 67c fixed rate method?

• 
  @MoneywithDan25 күн бұрын

  According to the ATO, To claim your working from home deduction using this method, you must keep: a record of the number of actual hours you work from home during the entire income year - for example, a timesheet, roster, diary or other similar document PLUS at least one record for each of the additional running expenses you incur that the rate per work hour includes - for example, if you incurred electricity and stationery expenses keep one quarterly bill for your electricity expenses and one receipt for your stationery expenses. More information here www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/working-from-home-expenses/fixed-rate-method-67-cents#ato-Recordkeepingforthefixedratemethod

• 
  @dfpca200726 күн бұрын

  Thanks so much. Happy EOFY!

• 
  @MoneywithDan26 күн бұрын

  Same to you!

• 
  @HelgaChristАй бұрын

  Hi! i'm getting lost here, I did ubereat by bike for like 2 months and earned $2000 last year, but how do I report my income as a abn? I only found many videos about tax return. I'm worried if I haven't report any abn income before end of financial year, thank you

• 
  @MoneywithDanАй бұрын

  From 1 July you will need to lodge you individual tax return where you will need to report this income less expenses in. I created a step by step video tutorial that goes deeper into this here Sole Trader Tax Return: Step-by-Step Guide using MyGov kzread.info/dash/bejne/mqR5qZJuaMXaZKw.html

• 
  @twopenace403Ай бұрын

  Thanks! The estate tax treshold you mentioned for $11.4M is for US-citizens.

• 
  @MoneywithDanАй бұрын

  Non residents too

• 
  @andreav.5067Ай бұрын

  Hey Dan, how do I apply for tax return as a foreigner who works in Australia in 2006-2007?

• 
  @MoneywithDanАй бұрын

  That’s a tough one. I think you may need to consider using a tax agent. The alternative would be paper tax return as I don’t recall MyTax going back that far. Best of luck

• 
  @andreav.5067Ай бұрын

  ​@@MoneywithDan Thank you for the kind reply. May I ask if you have any recommendations for the best tax agent to use? Your advice is greatly appreciated.

• 
  @harikmurthyАй бұрын

  An ETF, or exchange traded fund (not electronic traded funds) , is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.

• 
  @MoneywithDanАй бұрын

  Thanks. One of my first videos and I misspoke.. hopefully the rest of the video is valuable for you.

• 
  @SudeepYT7Ай бұрын

  can you please explain what is PAYG Payment Summary?

• 
  @MoneywithDanАй бұрын

  Your employer prepares a summary of total payments made to you and taxes withheld for the tax year ended.

• 
  @PaulShackel-ur6upАй бұрын

  Why is everything so difficult with mygov ... getting thru on the phone is as easy as splitting the atom on an iphone

• 
  @MoneywithDanАй бұрын

  It’s peak time of year as tax return time is coming up.

• 
  @justsnowy2413Ай бұрын

  These are a lifesaver, Dan! I stumbled through this on my own last year, but having this for reference will make things so much smoother, and I’ll have peace of mind I’m filling everything out correctly! I’m not sure if you mentioned this already and I just missed it in the video, but does the 50% discount applied to holdings over a year old start from the day I initially bought stock, or does it reset every time I buy more of the same stock? (Do I need to reset the 1 year timer every time I auto-invest dividends)

• 
  @MoneywithDanАй бұрын

  Thanks for watching. I’m glad it helps. According to the ATO, discount for distribution relates to how long the ETF held the investment and not how long you owned it - see here community.ato.gov.au/s/question/a0J9s000000OAfT/p00198452

• 
  @justsnowy2413Ай бұрын

  @@MoneywithDan in the case of holding stock in a company directly, though, not through an etf, I assume those two would mean the same thing. I’m just not sure if the 1 year timer resets every time you buy more of the same stock

• 
  @MoneywithDanАй бұрын

  @@justsnowy2413 oh I see sorry I thought it was an ETF given the video topic. Each parcel of share will have their own 12 month CGT timer discount. This can get difficult to track and I use a paid online service called Sharesight to track this and optimise my CGT for me. I also created another CGT video that covers this issue more in depth which you can watch here How Capital Gains Tax is Calculated in Australia kzread.info/dash/bejne/paSZrtSSn6jZldo.html I hope this answers your question.

• 
  @Jessi22082Ай бұрын

  does not work at all for the first timer. we need to get the linking code but spent million years to just get it. only by call, nothing else, waiting for hours and still not able to get it. any other way to get the code?

• 
  @MoneywithDanАй бұрын

  That is a shame. Is this your first time lodging a tax return in Australia?

• 
  @aliahmadi5314Ай бұрын

  What happens if you don’t sell your capital gains at the end of the year, do we pay tax on that capital gain at the same year or whenever we sell it?

• 
  @MoneywithDanАй бұрын

  Thanks for watching. No potential capital gains tax until you sell your interest in asset or otherwise dispose of them (transfer to someone else) in Australia. However ETFs can distribute capital gain to you that it incurs on your behalf which you would see in the Tax Distribution statement sent from the ETF around August each year.

• 
  @morefiction32642 ай бұрын

  I have a bank statement full of transactions that start with the day the payment was authorized rendering the unique identifier trick ineffective.

• 
  @MoneywithDan2 ай бұрын

  Thanks for watching. You can use a MID formula instead of the left formula to skip the starting number of characters that cover the date. Try googling MID formula.

• 
  @noisybrunnie2 ай бұрын

  I am a foreigner who owns a property in Aust, and I do not have any of those Aussie identity documents including passport/ driving licence/ Medicare etc , so how do a I register to the "Standard Identity Strength" ? The app system only allows me to go as far as the Basic identity strength which does not allow me to get access to the myGov to lodge in tax return and Vacancy Fee Return. Is there any other way to lodge these forms as foreigner ? Thanks! I called up the hotline and the officer couldn't help much at all.

• 
  @MoneywithDan2 ай бұрын

  You will need to contact the ATO to find an alternative way. You may need ton use a tax agent to lodge a tax return if that fails.

• 
  @buildpro97052 ай бұрын

  Dan, do I continue to add additional years or make a new workbook? PLEASE advise.

• 
  @MoneywithDan2 ай бұрын

  Thanks for watching. I keep all the years in the same workbook for ease of analysis.

• 
  @MoneywithDan2 ай бұрын

  Use SHARESIGHT to track your shares - www.sharesight.com/moneywithdan/ (BONUS When you signup using this link, the first 4 months of subscription are free if you choose to upgrade to paid plan and I may get a small my commission at no extra cost to you, so we both win!)