It’s Tax Time again 2013/2014 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. This years’s ATO Taxation Determination is 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 the calculator I’m waiting for a discussion with Geoff before I move on it …
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.