The Tax Preparation Blog

Posts Tagged ‘money’

Question: AUCTION SITES!!! australia?

I have seen lots of posts on forums lately talking about the debate of
Ebay vs’ Other Australian Auction sites.
So i thought i would ask the question in here so i can get a response from some people who have decided to use another australian Auction Site.
Now, from what i have read Ebay Australia takes around 200 million dollars out of this country EVERY year, all into a swiss bank account with no GST or INCOME tax paid.
So do u think it is worth supporting the Australian Auction Sites and maybe getting less sales but giving the aussie sites a chance to build up so ebay is no longer a monopoly in this country ?
Do you think ebay should even be in Australia???
Do you think it is right that they take so much out of the country every year without contributing to the society they are taking all the money from???
well please let me know your thoughts guys

Answer: It is very altruistic to rally around local sites, and to keep the money within your own economy. However, for the housewife who just wants to quickly and securely get top dollar for reselling her too-small sweater, the big international site like ebay is a very tempting remedy. It is true that you must act locally to impact globally, but a hard sell to the masses. Good luck to you in this worthy endeavor.

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Why Declining House Values Could Spark The Next Taxpayer Rebellion

You might think property taxes have declined 30%, paralleling declines in housing values. But nope–property tax revenues have shot up 27% just since 2006.

Samuel A. DiPiazza, Jr. on economic nationalism

Question: How do I file mine & my new PR husband’s taxes this year?

My husband just arrived in Canada as a new immigrant. We’ve been married since May 2006. He has received his SIN but has no employment or anything for taxes.
Also, this is the first year I have contributed to my RSP.
Maybe not, but I feel that our taxes are too complicated to do ourselves. Should we go to an accountant? Does anyone know of an accountant in Victoria, BC that specializes in new immigrants?
Thanks

Answer: As indicated above you will be allowed to claim your husband as a dependant in 2006 . He should also file a nil return to go on record as a BC resident for 2006. This may be of use later on when you go to calculate the number of years he was a resident for pension purposes.

There are two solutions to your problems with the complexity of the tax return. The first would be to look up the accounting associations in BC ( CA, CGA, etc) and see if they have a referral for an accountant that specializes in immigrants and/or speaks your language if that is a problem. This could be expensive. If you have minimal income the accounts sometimes have volunteer clinics.

The second alternative and the one I would reommend is to go out and by a tax package like quick tax or even search on line for one. These are very simple to use and in effect walks you through the process by asking questions.

Cut the shady out of your deductions

After doing tax returns for nearly 16 years, certified public accountant Melissa Seaver has seen more than her…

Professional Touch Accounting – Victoria

Question: housing and council tax benefit question?

Hi, me and my partner have begun claiming a small amount of housing and council tax benefit, i used to work but gave it up to home school our children and my partner works 16-20 hours a week in a social club doing bar work, what i would like to know is we have just got our award letter through from the council and it states we have to pay more than what these online benefit calculators have stated, and only because they have put down that i claim jobseekers allowance so thats an extra 65 pounds they have applied to the award. i do not and have never claimed jsa and i have told them this and they have said to me that its the law that they include jsa on the final award even tho i do not claim that extra income, does anyone know if this is right or are they trying it on. i used to work 45 hours a week up until bout 4 months ago when the kids were taken out of school, thanks in advance simon

Answer: I hope this will make sense!
Basically the council are saying that you are entitled to claim JSA and it is your fault that you are not.
As YOU are now the main carer for your children, it is your partner who will have to make a family claim to JSA. They will have to sign on at the Jobcentre Plus office every two weeks and declare the hours that they have worked. As long as they don’t go over 24 hours of work in any week, you will still have a valid claim to JSA. You may not get any benefit if their earnings are over the amount of JSA that you would get if they were not working but this info will be sent to the council and they will increase your housing and council tax benefit.

CAB are not always right with the info they give out as they have very little benefit knowledge or training

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Question: What do I have to pay two different state taxes for 2009?

I work a full time job in PA, and a part time job in MD. When I went to do my taxes myself online it was telling me that I owe both MD and PA taxes for my state. How is this possible? Usually on my PA taxes I break even and don’t owe anything but this year I owe PA and MD? Is this correct?

Answer: If you work (or work and live) in two different states, you will file tax return in both the states. One state is your tax home. In the state that is not your tax home, report income you earned while in that state.

If you have received only one W2 from your employer, then use simple arithmetic based on number of days spent in the state to figure our the income that you should report to this state.

In the state that is your tax home, report your worldwide income for full year. Also in this state claim credit for the taxes paid to the other state.

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States push harder for online sales tax collection

SAN FRANCISCO (AP) – Tax-free shopping is under threat for many online shoppers as states facing widening budget gaps increasingly pressure Amazon.com Inc. and other Internet retailers to start collecting sales taxes from their residents. Billions of dollars are at stake as a growing number of states look for ways to …

Trouble in Fall 2009? College Graduates can’t find Jobs; States Raising Taxes; Marriage Decline

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Hamp;R Block and Yodlee Make It Easier For DIY Taxpayers to File

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