It’s Tax Time again 2012/2013 and as since I’m one of those lazy people who does all the work at the end, instead of keeping up with it as it goes along – the first thing I need to do is update my Allowance calculator spreadsheet. I’m posting a copy of the sheet here for?you guys to download because each year more and more crew ask for a copy and I can’t remember who’s asked for it and who hasn’t. Note the Taxation Determination for FY2013-14 can be found here.
Note : My accountant is now saying that after discussions with the ATO, he is not recommending claiming more than the Company pays in allowances?without receipts. Therefore while I’ve still prepared
Note that this article is a follow on from the original article which covers the basics of the relevant legislation – and more importantly, how to use the spreadsheet.