So who’s been spying on me? That looks just like my desk as I’ve been pulling together the various threads for my personal/company/trust tax returns before taking off for a month; what a nightmare.
The biggest issue is provisional tax which is very hard to get right when your income fluctuates, eg having sold some rental property the depreciation recovered has become a large chunk of extra taxable income. I’ve no quarrel with that per se, it’s just a timing issue after all, the problem is the punitive interest rate if you under-estimate your PT and the pathetic rate paid if you over-estimate (and not always paid at all, I’ve noticed over the years).
Bill Leak’s death exposes the true hate mongers 
Sunday smile- A Mexican Guy came up to me…. 
Sunday sadness 
Saturday morning laugh 
So who’s been spying on me? That looks just like my desk as I’ve been pulling together the various threads for my personal/company/trust tax returns before taking off for a month; what a nightmare.
The biggest issue is provisional tax which is very hard to get right when your income fluctuates, eg having sold some rental property the depreciation recovered has become a large chunk of extra taxable income. I’ve no quarrel with that per se, it’s just a timing issue after all, the problem is the punitive interest rate if you under-estimate your PT and the pathetic rate paid if you over-estimate (and not always paid at all, I’ve noticed over the years).
A great cartoon for all that!
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