Finance Thinktank » Tax http://www.financethinktank.com Just another WordPress weblog Thu, 09 Sep 2010 00:17:29 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 How much does the Australian goverment give u on family tax benift when u have 2 toddlers? http://www.financethinktank.com/qna/tax/3461/how-much-does-the-australian-goverment-give-u-on-family-tax-benift-when-u-have-2-toddlers/ http://www.financethinktank.com/qna/tax/3461/how-much-does-the-australian-goverment-give-u-on-family-tax-benift-when-u-have-2-toddlers/#comments Wed, 08 Sep 2010 23:55:26 +0000 admin http://www.financethinktank.com/qna/tax/3461/how-much-does-the-australian-goverment-give-u-on-family-tax-benift-when-u-have-2-toddlers/ A web user asks, How much does the Australian goverment give u on family tax benift when u have 2 toddlers and the sole erner (my partner) makes 28,600 before tax & u are paying off your house? is anyone else n this situation?... read more

]]> A web user asks, How much does the Australian goverment give u on family tax benift when u have 2 toddlers and the sole erner (my partner) makes 28,600 before tax & u are paying off your house? is anyone else n this situation?... read more

]]> http://www.financethinktank.com/qna/tax/3461/how-much-does-the-australian-goverment-give-u-on-family-tax-benift-when-u-have-2-toddlers/feed/ 1 How do I claim my stay @ home wife on my tax return? http://www.financethinktank.com/qna/tax/3446/how-do-i-claim-my-stay-home-wife-on-my-tax-return/ http://www.financethinktank.com/qna/tax/3446/how-do-i-claim-my-stay-home-wife-on-my-tax-return/#comments Wed, 08 Sep 2010 01:56:12 +0000 admin http://www.financethinktank.com/qna/tax/3446/how-do-i-claim-my-stay-home-wife-on-my-tax-return/ A web user asks, Where do I claim my stay at home wife on my tax return? There doesn’t seem to be a place to be able to do this when I’m entering my info on Tax Cut? HELP!... read more

]]> A web user asks, Where do I claim my stay at home wife on my tax return? There doesn’t seem to be a place to be able to do this when I’m entering my info on Tax Cut? HELP!... read more

]]> http://www.financethinktank.com/qna/tax/3446/how-do-i-claim-my-stay-home-wife-on-my-tax-return/feed/ 4 How is the marginal rate of tax calculated for someone who has no income but only capital gains? http://www.financethinktank.com/qna/tax/3434/how-is-the-marginal-rate-of-tax-calculated-for-someone-who-has-no-income-but-only-capital-gains/ http://www.financethinktank.com/qna/tax/3434/how-is-the-marginal-rate-of-tax-calculated-for-someone-who-has-no-income-but-only-capital-gains/#comments Tue, 07 Sep 2010 03:54:46 +0000 admin http://www.financethinktank.com/qna/tax/3434/how-is-the-marginal-rate-of-tax-calculated-for-someone-who-has-no-income-but-only-capital-gains/ A web user asks, For example, someone who owns shares which do not pay any dividends, who then sells the shares for a $20,000 capital gain. Would their marginal tax rate be based on their $0 ‘income’ or on the one-off capital gain?... read more

]]> A web user asks, For example, someone who owns shares which do not pay any dividends, who then sells the shares for a $20,000 capital gain. Would their marginal tax rate be based on their $0 ‘income’ or on the one-off capital gain?... read more

]]> http://www.financethinktank.com/qna/tax/3434/how-is-the-marginal-rate-of-tax-calculated-for-someone-who-has-no-income-but-only-capital-gains/feed/ 0 How do you feel about your tax dollars going towards welfare for other people? http://www.financethinktank.com/qna/tax/3415/how-do-you-feel-about-your-tax-dollars-going-towards-welfare-for-other-people/ http://www.financethinktank.com/qna/tax/3415/how-do-you-feel-about-your-tax-dollars-going-towards-welfare-for-other-people/#comments Mon, 06 Sep 2010 05:54:52 +0000 admin http://www.financethinktank.com/qna/tax/3415/how-do-you-feel-about-your-tax-dollars-going-towards-welfare-for-other-people/ A web user asks, Wondering how other people feel about it. I personally dont mind it, I have friends who are single parents and rely on this money to get by, we were on welfare ourselves when we got pregnant unexpectedly and my husband was still full time at university. Now we pay $20,000 a year in tax (just from his income) which seems like a LOT (well it is) but because we have been helped in the past I am just grateful that such a system exists.... read more

]]> A web user asks, Wondering how other people feel about it. I personally dont mind it, I have friends who are single parents and rely on this money to get by, we were on welfare ourselves when we got pregnant unexpectedly and my husband was still full time at university. Now we pay $20,000 a year in tax (just from his income) which seems like a LOT (well it is) but because we have been helped in the past I am just grateful that such a system exists.... read more

]]> http://www.financethinktank.com/qna/tax/3415/how-do-you-feel-about-your-tax-dollars-going-towards-welfare-for-other-people/feed/ 2 Does a music recording studio need to charge sales tax for it’s services or for the sale of beats? http://www.financethinktank.com/qna/tax/3399/does-a-music-recording-studio-need-to-charge-sales-tax-for-its-services-or-for-the-sale-of-beats/ http://www.financethinktank.com/qna/tax/3399/does-a-music-recording-studio-need-to-charge-sales-tax-for-its-services-or-for-the-sale-of-beats/#comments Sun, 05 Sep 2010 07:54:49 +0000 admin http://www.financethinktank.com/qna/tax/3399/does-a-music-recording-studio-need-to-charge-sales-tax-for-its-services-or-for-the-sale-of-beats/ A web user asks, I am thinking of starting up my own recording studio I would be the only employee and I need to know if I need to charge taxes for any of my services? the business would be in Houston, TX. Also I need to know how I would be able to file my income tax and how does a W2 work?... read more

]]> A web user asks, I am thinking of starting up my own recording studio I would be the only employee and I need to know if I need to charge taxes for any of my services? the business would be in Houston, TX. Also I need to know how I would be able to file my income tax and how does a W2 work?... read more

]]> http://www.financethinktank.com/qna/tax/3399/does-a-music-recording-studio-need-to-charge-sales-tax-for-its-services-or-for-the-sale-of-beats/feed/ 1 I still did not get my tax relief check, is the gov speading out payouts? http://www.financethinktank.com/qna/tax/3378/i-still-did-not-get-my-tax-relief-check-is-the-gov-speading-out-payouts/ http://www.financethinktank.com/qna/tax/3378/i-still-did-not-get-my-tax-relief-check-is-the-gov-speading-out-payouts/#comments Sat, 04 Sep 2010 09:54:52 +0000 admin http://www.financethinktank.com/qna/tax/3378/i-still-did-not-get-my-tax-relief-check-is-the-gov-speading-out-payouts/ A web user asks, I still have not receive my tax relief check and I was wondering if the gov is spreading out their payments and also correcting their error on the past payments that they sent to others for not adding in the dependents?... read more

]]> A web user asks, I still have not receive my tax relief check and I was wondering if the gov is spreading out their payments and also correcting their error on the past payments that they sent to others for not adding in the dependents?... read more

]]> http://www.financethinktank.com/qna/tax/3378/i-still-did-not-get-my-tax-relief-check-is-the-gov-speading-out-payouts/feed/ 3 Why is my tax file number is different on each group certificate? http://www.financethinktank.com/qna/tax/3364/why-is-my-tax-file-number-is-different-on-each-group-certificate/ http://www.financethinktank.com/qna/tax/3364/why-is-my-tax-file-number-is-different-on-each-group-certificate/#comments Fri, 03 Sep 2010 11:56:00 +0000 admin http://www.financethinktank.com/qna/tax/3364/why-is-my-tax-file-number-is-different-on-each-group-certificate/ A web user asks, I am doing my taxes now that I am back in Canada and the three different companies I’ve worked for have my Tax File Number different from each of the others on their group certificates. One job has my TFN as a bunch of “1′s”. What should I do as I am unable to contact the ATO because I have no phone and they do not have an email section for personal inquiries. If anyone knows a solution to this problem please help me out.
Thanks,
John... read more

]]> A web user asks, I am doing my taxes now that I am back in Canada and the three different companies I’ve worked for have my Tax File Number different from each of the others on their group certificates. One job has my TFN as a bunch of “1′s”. What should I do as I am unable to contact the ATO because I have no phone and they do not have an email section for personal inquiries. If anyone knows a solution to this problem please help me out.
Thanks,
John... read more

]]> http://www.financethinktank.com/qna/tax/3364/why-is-my-tax-file-number-is-different-on-each-group-certificate/feed/ 1 How will my business income affect my personal income tax? http://www.financethinktank.com/qna/tax/3347/how-will-my-business-income-affect-my-personal-income-tax/ http://www.financethinktank.com/qna/tax/3347/how-will-my-business-income-affect-my-personal-income-tax/#comments Thu, 02 Sep 2010 14:00:54 +0000 admin http://www.financethinktank.com/qna/tax/3347/how-will-my-business-income-affect-my-personal-income-tax/ A web user asks, I have always been confident doing my own taxes but this year I have some minuscule income from work as a performing musician that has to go through my ABN. As a sole trader, how does this affect my personal income tax?
I should also mention that my business has made a loss, in case that changes things.... read more

]]> A web user asks, I have always been confident doing my own taxes but this year I have some minuscule income from work as a performing musician that has to go through my ABN. As a sole trader, how does this affect my personal income tax?
I should also mention that my business has made a loss, in case that changes things.... read more

]]> http://www.financethinktank.com/qna/tax/3347/how-will-my-business-income-affect-my-personal-income-tax/feed/ 1 How do I know how much tax to take out of my wages? http://www.financethinktank.com/qna/tax/3334/how-do-i-know-how-much-tax-to-take-out-of-my-wages/ http://www.financethinktank.com/qna/tax/3334/how-do-i-know-how-much-tax-to-take-out-of-my-wages/#comments Wed, 01 Sep 2010 15:55:09 +0000 admin http://www.financethinktank.com/qna/tax/3334/how-do-i-know-how-much-tax-to-take-out-of-my-wages/ A web user asks, I have just started working for myself as a massage therapist. How do I find out how much tax I need to take out from earnings and where can I go for more info about what I receipts I should keep?... read more

]]> A web user asks, I have just started working for myself as a massage therapist. How do I find out how much tax I need to take out from earnings and where can I go for more info about what I receipts I should keep?... read more

]]> http://www.financethinktank.com/qna/tax/3334/how-do-i-know-how-much-tax-to-take-out-of-my-wages/feed/ 2 How do you account for stock options issued by an employer for tax purposes? http://www.financethinktank.com/qna/tax/3315/how-do-you-account-for-stock-options-issued-by-an-employer-for-tax-purposes/ http://www.financethinktank.com/qna/tax/3315/how-do-you-account-for-stock-options-issued-by-an-employer-for-tax-purposes/#comments Tue, 31 Aug 2010 17:54:46 +0000 admin http://www.financethinktank.com/qna/tax/3315/how-do-you-account-for-stock-options-issued-by-an-employer-for-tax-purposes/ A web user asks, The options pay no dividends but they are vested – do you just ignore them until you sell them when doing your tax statement?... read more

]]> A web user asks, The options pay no dividends but they are vested – do you just ignore them until you sell them when doing your tax statement?... read more

]]> http://www.financethinktank.com/qna/tax/3315/how-do-you-account-for-stock-options-issued-by-an-employer-for-tax-purposes/feed/ 3