Taxable income - is it earnings to EOFY or payments til EOFY
Im trying to figure out DHs income for the financial year.
He only started this job in March so i cant go off last year.
He is paid two week pay, fortnightly, 3 weeks in arrears if that makes sense?
So he was paid on Thursday 15th April, for hours worked 26-March til 8 April. His pay is always 1 week behind his hours worked.
Im trying to work out how this will reflect on his group cert so I can update our income estimate (again)
Will his earnings for the financial year be based on what he has actaully been paid for (which at Ist July will be only up until 17 June)? They cant include hours worked til June 30 if he hasnt been paid fro them, can they? As the tax wont have been paid yet...
Re: Taxable income - is it earnings to EOFY or payments til EOFY
Hmm. I didn't think they could.. I will have to ring the ato
ETA: their website says it includes all payments received inthe financial year..thats just confusing it even more.
I rang and their current hold time is estimated at 15 minutes, might have to ring back later