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Tax Refund!

August 2nd, 2010 at 12:04 am

I did our tax on the weekend. Funny that I do this stuff every week for work, but our own tax I can't bear to look at. Watching Proactiv info-mercials would be a thousand times more exciting.

I think the reason is probably because both DF and I have a habit of throwing our reciepts in the general direction of our office, not actually putting them in the designated place (which is a basket on my desk). So 'doing our tax' was actually comprised of these separate tasks:

- finding all of our work-related deductible reciepts
- sorting them in piles of his and hers
- adding up my log book
- finding out my engine capacity, because I've forgotten what it is from last year
- finding our group certificates
- finding a previous notice of assessment for the sequence number (which allows you to do your tax online)
- finding out how much interest we had earnt on all our accounts.
- filling in the e-tax program and clicking 'send'.

Looking at these tasks, you would think the average person would take an hour, maybe two. Well, somehow I found it extremely neccesary to wash, hang out and fold six loads of laundry, make a cup of tea, play with the dogs several times, make a sandwich, watch an episode of Robot Chicken, bake a batch of cookies, call a friend about what to wear to dinner that night, call DF to see if he was coming to dinner, call another friend to tell her she needed to adjust the seat booking because DF wasn't coming, make a coffee and rearrange my desk. So a job that was meant to take an hour actually took about five. Big Grin

All worked out in the end though, we are getting around $3000.00 back!

Hmmm, I am thinking that is a good amount to use as a starter for our 'fence fund'. We are thinking of fencing the entire property, instead of just our flat yard bit. If we did the whole property, the dogs would have TONNES of space to run around in and explore...

8 Responses to “Tax Refund!”

  1. Tightwad Kitty Says:

    Next time think in per hourly rates, $3000 refund = $600 per hour for 5 hours. If you had done first up it could have been at $3000 per hour rate if it took just one hour.

    Donít forget to get a few quotes on getting that fence done! Best of luck with it!

  2. Jerry Says:

    I like the way T-Kitty thinks about this! =) At that rate you could have taken ten hours and it would still lead to a great hourly wage. One question... how does engine capacity affect your taxes, and does it also affect insurance rates in Oz? Just wondering.

  3. creditcardfree Says:

    Nice refund! Enjoy those fruits of your labor.

  4. Amber Says:

    I too like the per hour rate, in the end it was well worth it Wink

  5. whitestripe Says:

    I would like the per hour rate - if it weren't for the fact that technically... I've already earnt that money. So I'm 'earning' money by spending time on getting back the money I've already earnt. LOL.

    Jerry - engine capacity is only important to me because I use my car for work (errands, dropping off equipment at buiding sites, picking up mail, getting office supplies and banking). There are four methods you can use to claim on car expenses, and I use the method of kilometres travelled, whereby the tax offers allows a certain amount per k's and the amount differs depending on your engine capacity. A normal working person wouldn't need to do any of this, and I believe that only the number of cylinders and modifications to my car affect my insurance.

  6. Analise Says:

    That's an excellent refund! No doubt you will put it to good use... the fence is a good idea.

  7. nmboone Says:

    I liked the Proactive comment, lol!

  8. Amber Says:

    lol, well said

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