Finished and filed both my personal tax return and my company tax return this week. First time I had to file company accounts so was quite pleased I managed to get through it all. Bloody entertainment and fringe benefit tax is a hassle, as is being both an employee and a shareholder.
Unfortunately both returns calculated that my funding one hip hop tour is not enough, and I have to hand over more money by February. And just to make it really suck I have to start paying provisional tax also.
I wouldn’t object to paying tax so much if I didn’t see the Government waste $250 million on community education scams. Next we’ll know Dr Cullen will have lost $500 million of our taxes to a Nigerian 419 scheme!