Tax FAQ
 

What Happends If You Dont Have A Tax File Number?

Question by rose | Posted in Australia

Hey :) so im possibly getting a job in a little while i dont have a tax file number yet, i am getting one but i just wanted to know, what happends if you get a job but you dont have a tax file number? (i vigorous in Australia)
i dont know if this matters, but im also 15 yrs old and the job im getting is just at a cafe.. valid if that changes anything :)

Answer: A TFN is not compulsory. However, if you plan to keep money in a bank account, it would be to your advantage to have a TFN, because you may be required to pay tax on the interest.
If you do not have a TFN, you may:

1. pay more tax than necessary, or
2. not be able to get administration benefits you are entitled to receive.

A TFN will help you:

1. lodge a tax return
2. ask the Tax Office about your tax affairs
3. start or modify jobs
 
 

Will Kfc Let Me Work Without A Tax File Number?

Question by sarah | Posted in Australia

i recently got a job at kfc. they called and asked to crop up b grow in to give them bank details/tax file number.
i don't have a tfn and i was wondering if i can still work without one? i got a form from school and i'm putting it in in a jiffy. what will happen without a tfn while working? will i lose alot of money?

Answer: It would be unauthorized for KFC to employ you without a tax file No.Go and ring the tax office & find out.

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How To File Tax Extension
Social Security Tax Withholding
Gaap Accounting Tax

 
 

Do I Have To Lodge A Tax Return If I Paid Tax And Don't Have A Tax File Number?

Question by Melissa | Posted in Australia

I'm 16 and I qualify for roughly $4,000 per year. I don't have a tax file number but I still pay tax. Can I still lodge a tax return?

Answer: Ask you instruction officer at school to assist you in obtaining a tax file number. They are in a postion to help you taking a straightforward cut through the school then you can lodge your return and get all the tax that you paid back. -yahoo!!

Related Topics:

Leon County Tax Collector
Social Security Withholding Tax
Gaap Tax Accounting

 
 

Can I Open A Bank Account Without A Tax File Number ?

Question by Amy. | Posted in Australia

can you open-handed up a bank account without a tax file number and no photo id ? im 16 & live in australia, thanks !

Answer: To debatable a bank account you need to provide sufficient information the gain 100 points. What this is all about is identifying that you are the bodily you say you are. You do not need a tax file number to open an accoumt. However if you open an account without giving a tax file number, then, any interest earned it that account will have tax deducted at the top worth, around 50%. Go to any bank and ask them what documents you need to produce in order to open an account. They will resolve this to

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My Tax Rebate Check
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What Is A Tax File Number, What Does It Do And Do I Need One?

Question by energydancer1 | Posted in Australia

I'm 15 at the note and working at KFC as a casual. In a week, i probably make around $80. A couple of months ago, i got a line from the Australian Taxation Office that stated something called a gross tax or something like that? And it was $500. What does this sorry? Because im really confused now.

Thankyou!

Answer: Tax file numbers (TFNs) are issued by the Australian Taxation Place (ATO). They use your TFN number to identify your tax records.

Everyone has a different TFN. Your TFN is yours for life, even if you change jobs, move interstate or transformation your name. If you leave the country and later come back to Australia, you still use the same TFN.

It is not compulsory to have a TFN. However, without it:
* your employer must take 46.5% of your wages in tax

Related Topics:

Use Tax Rates
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Entering the workforce

unconcerned – you need to make sure you get your Tax File Number, or TFN. It's your first step to financial self-confidence. The ATO will issue you a ...

Perry Gives Parents the Silent Treatment

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She then led the go aboard in rejecting appeals by other elected officials, educators, parents, leading article boards and even Rod Paige — President George W. Bush’s indoctrination secretary — to submit the council’s heavily revised standards to a panel of specialist... The first, Don McLeroy , R-College Level, was such a cataclysm as position — principally during similarly ill-considered and hugely politicized rewrites of vernacular arts standards in 2008 and principles standards in 2009 — that the Senate failed to... Perry has appointed two members of the billet’s far-goodness camarilla to oversee the surface. Rick Perry has made essentially no communal annotation about how the far-Tory wing of the Texas Stage Ship aboard Tutelage engineered a now nationally detestable rewrite of collective studies curriculum standards in May. Gail Lowe , R-Lampasas, the governor’s appointee to put in place of McLeroy as moderator, joined her far-fairness colleagues this appear in vandalizing closely a year’s advantage of trade by teachers and scholars in drafting new......

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