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Jacob Fenech

πŸ‘€ Speaker
958 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

Do you get what I mean?

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

Okay, because I think that's a lot of – because that's just like I guess $50,000 and $25,000 is a thing that is pretty far apart.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

But if someone's thinking, oh, I'm earning $65,000 as a hairdresser and I'm going to make $10,000 from this consulting because I'm doing some new educational course on –

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

youtube do i then have to you know that's a pretty relevant question for a lot of people absolutely yeah yeah absolutely so that's the that's that's 10 things i feel like we've covered like 50 things in this hour-long session which was intended to be a bit shorter than that mate um can i just ask one final question do you do you know what the average tax return that someone gets is like is there is there a figure out there that people quote like it's a whole of australia what's the average so i mean

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

That makes sense.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I just think that to all the things that we've discussed here, right, I feel like the listeners of this podcast that have heard you talk today are

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I think for most people, if you're earning a decent income or your partner is earning a decent income, your children, whatever, your friend or colleague, if anyone listens to this episode, going from contributing extra to super or just contributing to super and getting a tax return, if you're a small business, thinking about that job maker plan, that instant asset write-off,

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

Work from home, if you use the shortcut method, like to be honest, I think I'm going to use the shortcut method because it's probably easier for me.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

And even then like deductions on car travel going from your point of work to the next point or if you're a tradie or whatever, you know, if you've got trading losses, if you're

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

happen to buy Bitcoin, or you've got trading gains, or if you're just trying to work out your small business in the share economy, I think there's so much that you can do just based on these things that we've talked about, Jacob.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I think people can really give their tax return a red hot crack this year.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I'm going to give a big shout out because you and I have done some work together previously.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I want to give a big shout out to AirTax by PwC, which is your employer.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

It's where you work.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I know you do like simple tax returns that you can lodge online.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

You even have this portal where people can get kind of like feedback from an accountant that, you know, a qualified accountant actually looks at the return and then there's like a full-fledged service as well.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

You know, I think, and it's pretty, I was saying to you just before we jumped on it, I think it's pretty reasonable considering what I've seen some accountants charge if you want someone to look over your tax return.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

So where can people go, mate, to find out more about AirTax?

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

You mentioned that AirTax has a logbook there.

Australian Finance Podcast
10 must-know ATO tax rules for 2021 | How to save on tax (businesses & PAYG!)

I'm just thinking for the tradies or for people that are using their car to go between clients or whatever it might be, is that something that they can access on AirTax?