Confusion: tax
Aug. 3rd, 2009 04:51 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
So, I have a question about tax. I tried to call the tax helpline, but apparently it's too complicated for them. Which seems ridiculous. I figure the Internet probably knows the answer.
So, I made some money this year as me.
And I made some money this year as me-with-an-ABN.
But, there is no handy section on the individual tax return forms saying "money you made as you-with-an-ABN here please".
Do I need to fill out a different form for me-with-an-ABN?
(If not, where do I write me-with-an-ABN-income?)
Do I need to get some kind of pay summary for me-with-an-ABN?
I feel like this should be easier, given the pitiful amount I made in the last year and the fact that it only came from two sources. (Maybe I will ask my dad, also. I hear he is a grownup.)
So, I made some money this year as me.
And I made some money this year as me-with-an-ABN.
But, there is no handy section on the individual tax return forms saying "money you made as you-with-an-ABN here please".
Do I need to fill out a different form for me-with-an-ABN?
(If not, where do I write me-with-an-ABN-income?)
Do I need to get some kind of pay summary for me-with-an-ABN?
I feel like this should be easier, given the pitiful amount I made in the last year and the fact that it only came from two sources. (Maybe I will ask my dad, also. I hear he is a grownup.)
no subject
on 2009-08-03 09:06 am (UTC)Obviously an income tax accountant can answer this question for you, but yeah $$$. Still it might be an idea to file using an accountant this year?
no subject
on 2009-08-04 12:46 am (UTC)no subject
on 2009-08-04 02:46 am (UTC)no subject
on 2009-08-03 09:23 am (UTC)There's a section in there about earnings as a sole-trader. That's where you want to put that income.
no subject
on 2009-08-04 12:47 am (UTC)no subject
on 2009-08-03 04:23 pm (UTC)Gradually overcoming the "I do not know this, I am an adult, I should know how this works." thing and just asking (though you tried that!)
The other day I learnt how to give a tip while paying by credit card. I live and learn IMPORTANT LIFE SKILLS. :)
My cold and I am going to bed now.
no subject
on 2009-08-04 12:47 am (UTC)no subject
on 2009-08-03 10:54 pm (UTC)Maybe if I grab a 2009 Tax Pack today so that we can be looking at the same pages & paragraphs it might make it easier, and we can talk through any questions you have on IM/Skype?
Do I need to fill out a different form for me-with-an-ABN?
Nope.
(If not, where do I write me-with-an-ABN-income?)
There's generally an 'other income' or 'business activities' question in the tax pack that leads you to putting in somewhere near your employment income.
Do I need to get some kind of pay summary for me-with-an-ABN?
Nope. Just try to keep some sort of written record so that if you ever get audited it's easy to verify.
Also, I wonder if eTax might make this simpler for you, but I know it doesn't run on Mac or Linux. (GRR)
no subject
on 2009-08-04 12:46 am (UTC)no subject
on 2009-08-04 01:38 am (UTC)no subject
on 2009-08-04 02:48 am (UTC)no subject
on 2009-08-04 03:07 am (UTC)no subject
on 2009-08-04 03:14 am (UTC)no subject
on 2009-08-05 12:38 am (UTC)