Hey Connor & Alan - just wanted to say a MASSIVE THANK YOU for all these informational videos! I just started binge watching your channel two hours ago when it dawned on me that I will be working a professional job next year with no understand of anything related to money. I was, still am, honestly clueless about the world, taxes, superannuation, property, investment, debit cards / credit cards, and everything in between, but watching your videos have truly helped me understand and appreciate the very basics. You both seem so lovely and likable, and explain things so eloquently and entertainingly too. Thanks so much for the content you put out and wishing you both only the very best with everything!! :)
8:55 better to state the deductions if there are any than to not anyway since most ppl will have some But yeah from your example it is better to have as minimal deductions as possible but I think most of the time it can't be helped Great vid
That’s exactly right! If you have already spent the money, in most cases, you would want to claim them as deductions (and this is why I like to have an accountant file my taxes because they are able to find deductions in my expenses that I wasn’t aware of at the time). But, yes if you are just spending because it is a tax deduction, that’s where I would just encourage people to really consider if they need to make those expenses 😁 Thanks so much for commenting!
hey! awesome video mate, just wondering if it make much difference if my employer doesn't take tax out of my pay each week and I have to do it when I do my tax return. would much change? and would it change in terms of how much I actually pay compared to someone who gets tax automatically taken out? thank you!
Transport / vehicle related tax deductions are very common! However, you have to be very careful to only deduct expenses incurred as a direct result of earning income. You cannot deduct for personal use. This article from the ATO should give you a basic idea of how the deductions can work (www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/Transport-and-travel-expenses/car-expenses/?=redirected_car#:~:text=A%20single%20rate%20is%20used,%E2%80%9317%20and%202015%E2%80%9316.) but if you purchased or are thinking of purchasing a car, I would highly recommend speaking to a tax accountant 😁
Thanks, Connor & Alan, you both are doing a wonderful job. I am new to the country & employed from 1st Jan-22, for example, my annual taxable income is 100,000K + superannuation is 10K/annum. In this case, will my annual taxable income will be 50K till 1st July? And if the tax is deducted based on the annual rate by my employer, can I make take return after 1st July?
Thanks for commenting, Akram! Unfortunately, I can’t speak to your specific situation but generally speaking, it will all depend on exactly how much one earns during the financial year, how much tax is withdrawn throughout the year and how many deductible expenses they incur 😁
I’ve always paid the higher tax and use it as a savings kind of cause I’m hopeless with money, you think there anything negative in continuing to do so?
Hi Connor, can I create the eToro account for my company? (Sharing and Trading company - PTY LTD) I already have a personal one so don't really qualify for the new user. Please let me know. Thanks, Cesar
Hahaha Yeah, it used to be only $100 and then we thought we would double it for a limited time! Do it, there is still time 😆 Let us know if you need any help 😁
good content but mate you seriously need to lower the background music. it gets in the way of listening. try putting the screen away and listening. take a 3rd opinion. You're welcome.
You know it! While the information given in the video is factual, it shouldn't be taken as personal advice. Everyone should consult a licensed professional (i.e. financial advisor or tax accountant) before taking any action 😁
I love the grounded reality of this channel.. TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 10.8btc 4rm day tradng with Mike Dan, insights and signals in less than 4weeks, this is one of the best medium to backup your assets incase it goes bearish.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Hey Connor & Alan - just wanted to say a MASSIVE THANK YOU for all these informational videos!
I just started binge watching your channel two hours ago when it dawned on me that I will be working a professional job next year with no understand of anything related to money. I was, still am, honestly clueless about the world, taxes, superannuation, property, investment, debit cards / credit cards, and everything in between, but watching your videos have truly helped me understand and appreciate the very basics.
You both seem so lovely and likable, and explain things so eloquently and entertainingly too.
Thanks so much for the content you put out and wishing you both only the very best with everything!! :)
Awesome little video.
Connor mate! I’ve been looking for ways to reduce my tax as I’m coming home soon, I stumbled across your channel mate! Good on you brother!
Lewis! Nothing wrong with looking to legally reduce your taxes hahah Thanks for commenting and I hope the video was helpful!
I just learnt something major! Thanks dude
Not a problem, my man! It's crazy to me that this stuff isn't taught in school because everyone would benefit from understanding this better!
Another great video clear, concise and easy to understand 👌
8:55 better to state the deductions if there are any than to not anyway since most ppl will have some
But yeah from your example it is better to have as minimal deductions as possible but I think most of the time it can't be helped
Great vid
That’s exactly right! If you have already spent the money, in most cases, you would want to claim them as deductions (and this is why I like to have an accountant file my taxes because they are able to find deductions in my expenses that I wasn’t aware of at the time).
But, yes if you are just spending because it is a tax deduction, that’s where I would just encourage people to really consider if they need to make those expenses 😁
Thanks so much for commenting!
hey! awesome video mate, just wondering if it make much difference if my employer doesn't take tax out of my pay each week and I have to do it when I do my tax return. would much change? and would it change in terms of how much I actually pay compared to someone who gets tax automatically taken out?
thank you!
Very informative thanks!
My pleasure! I am glad you found it informative 😁
Great video, keep it up 🔥🕺
Thanks so much for commenting!
How about if I buy a car for transport? Can I use this amount to deduct the annual taxable income?
Transport / vehicle related tax deductions are very common! However, you have to be very careful to only deduct expenses incurred as a direct result of earning income. You cannot deduct for personal use.
This article from the ATO should give you a basic idea of how the deductions can work (www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/Transport-and-travel-expenses/car-expenses/?=redirected_car#:~:text=A%20single%20rate%20is%20used,%E2%80%9317%20and%202015%E2%80%9316.) but if you purchased or are thinking of purchasing a car, I would highly recommend speaking to a tax accountant 😁
Thanks, Connor & Alan, you both are doing a wonderful job. I am new to the country & employed from 1st Jan-22, for example, my annual taxable income is 100,000K + superannuation is 10K/annum. In this case, will my annual taxable income will be 50K till 1st July? And if the tax is deducted based on the annual rate by my employer, can I make take return after 1st July?
Thanks for commenting, Akram! Unfortunately, I can’t speak to your specific situation but generally speaking, it will all depend on exactly how much one earns during the financial year, how much tax is withdrawn throughout the year and how many deductible expenses they incur 😁
Pay calc has a different answer. How would he owe 14k in tax? Still need to pay Medicare and the HECS debt ontop of that
I’ve always paid the higher tax and use it as a savings kind of cause I’m hopeless with money, you think there anything negative in continuing to do so?
Other than what was mentioned in the video, not off the top of my head 😁
Hi Connor, can I create the eToro account for my company? (Sharing and Trading company - PTY LTD) I already have a personal one so don't really qualify for the new user. Please let me know.
Thanks,
Cesar
Unfortunately, I am not really familiar with eToro’s company accounts so I am not sure if there would be any issues in doing this :/
shee was it always $200 the bonus?? i need to do this shit like 1-2 days left. used to be $100 aint it
Hahaha Yeah, it used to be only $100 and then we thought we would double it for a limited time! Do it, there is still time 😆 Let us know if you need any help 😁
@@ConnorandAlan does the passport number still work even if its expired? Im sure the passport number stays the same
What is the need of unnecessary loud background music?
good content but mate you seriously need to lower the background music. it gets in the way of listening. try putting the screen away and listening. take a 3rd opinion. You're welcome.
Non of this should be taken as advice... Bruh
You know it! While the information given in the video is factual, it shouldn't be taken as personal advice. Everyone should consult a licensed professional (i.e. financial advisor or tax accountant) before taking any action 😁
I love the grounded reality of this channel.. TA is all well and good but I find it truly baffling that all major crypto youtubers just look at pure TA and completely ignore the bigger narrative of why BTC is pumping and why the future outlook might not be as rosy as it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market.This is the worst possible time in history to invest as so many don't back up their crypto assets.More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market.I have made over 10.8btc 4rm day tradng with Mike Dan, insights and signals in less than 4weeks, this is one of the best medium to backup your assets incase it goes bearish.
How can I Reach Him What channel can İ connect?
Mikeddan VlA Te le gr am.......📧📧
Yeah Yeah.. good and profitable signal is the main 🔑key to successful trading. 🚀
SPAM WARNING!!