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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