thread: Q about ABNs at tax time

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  1. #1
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    Oct 2006
    By the sea
    2,191

    Q about ABNs at tax time

    My computer has just **** itself...with my database of classes on it It's the only rference I have of the amount of classes i've taught this year agghhhh!

    What i'm wondering is if the tax depart can tell me (by looking at my ABN) how much i've earned? Or if I make an estimated guess and it's wrong will they know and will I get into a lot of trouble?

    Anyone know any other way I can find out? A few gyms have told me they can tell me but I worked for one gym that is now closed and I can't get hold of the owner...

    Any ideas anyone??

  2. #2
    Registered User

    Apr 2008
    Castlemaine
    436

    Do you do your BAS statements online? If you do, you can easily look up this info on the ato website.

  3. #3
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    ATO wont be able to help other that what you have submitted to them. Are you able to go back through bank statements and work it out from deposits?

  4. #4
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    Oct 2006
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    Ummm, I guess I could go back through bank statements...blahhh that'll take ages lol!

    ClaireA...i've never done a BAS...am I supposed to....gees I shouldn't be running my own business!!

  5. #5
    Moderator

    Oct 2004
    In my Zombie proof fortress.
    6,449

    Find yourself an accountant. They will advise you of what you need to do with your business and should be able to help you with any dealings with the ATO.

  6. #6
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    Oct 2006
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    I had an acountant and he charged an insane amount...but from what I can gather thats normal. A ffriend of mine is an accountant but....it's hard to explain...he's my friend thats the pathological liar and for some reason I don't trus him. He also said that the ATO would have a list of all my classes through my ABN and if they didn't they would call the "ABN people"...so I really don't trust him. I know he is an accountant but I don;t think he knows much about personal tax.

    Guess i'd better just bite the bullet and fork out the cash