Пікірлер
@shehbazabbasi2879
@shehbazabbasi2879 6 күн бұрын
Hey khalid I have emailed you for spreadsheet. Can you send me in email. Thanks
@rahulsood2321
@rahulsood2321 16 күн бұрын
Hi kahlid, can u plz tell how to claim gst back on a car purchased. Thanks
@K511972
@K511972 16 күн бұрын
Hi, Firstly, the car must be purchased from the car dealer with an official receipt. Secondly, when you are using the car for the ride share services, you are able to claim the GST when you claim other expenses in the BAS. Put the price of the car as expenses when you calculate the GST. After the calculation, the result should be in the minus/negative which is the money should be paid back to you. PLEASE, note this is my own understanding of the situation, I am not a tax accountant. Thanks
@mandoshi6440
@mandoshi6440 18 күн бұрын
why you divided by 11?
@SonamWangchuk-re2hd
@SonamWangchuk-re2hd 18 күн бұрын
Hello sir, your explanation helps me a lot to understand. I would like to request like how we can calculation fuel consumption for GST purpose if my total KM from ride share was 5256km. I don't maintain logbook. and also I would like to know the depreciation calculation for my car. I paid $18000. please kindly help in this matter. Thank you.
@SonamWangchuk-re2hd
@SonamWangchuk-re2hd 18 күн бұрын
Hello sir, your explanation helps me a lot to understand. I would like to request like how we can calculation fuel consumption for GST purpose if my total KM from ride share was 5256km. I don't maintain logbook. and also I would like to know the depreciation calculation for my car. I paid $18000. please kindly help in this matter. Thank you.
@K511972
@K511972 16 күн бұрын
Hi, Firstly, you should have official documents for your car expenses. Documents should be receipts or bank statement that allows to claim your GST and TAX return. Secondly, depreciation can be calculated throe the ATO website (( Link Calculation as Below)). www.ato.gov.au/single-page-applications/calculatorsandtools?anchor=DCA#DCA/questions/assets Thanks.
@SonamWangchuk-re2hd
@SonamWangchuk-re2hd 19 күн бұрын
hello sir, how we can calculate amount for KM since I don't maintain log book. if my Q2 is 5000KM? What is the formula to derive amount for fuel consumption?
@user-ve6db3ml5g
@user-ve6db3ml5g 20 күн бұрын
Awesome Khalid. Could you please send me your excel? Thanks a lot. I had email you.
@K511972
@K511972 16 күн бұрын
Please, I have not receive it. Could you please kindly resend it again. thanks. [email protected]
@rjgong88
@rjgong88 21 күн бұрын
Good job mate! Hope you can do Uber tax return next time! 😊😊😊 if so we can do taxreturn ourselves😊😊
@K511972
@K511972 20 күн бұрын
Thanks bro, I will try to do it next time.
@rjgong88
@rjgong88 21 күн бұрын
😂😂😂the accountant Will hate you 😂😂😂! But I love you mate! Cause I hate accountant😅😅😅
@K511972
@K511972 20 күн бұрын
Appreciated
@deepak975487
@deepak975487 23 күн бұрын
i emailed you for spreadsheet , please reply
@K511972
@K511972 20 күн бұрын
Hi, I have not received it, be sure to send on [email protected]
@SonamWangchuk-re2hd
@SonamWangchuk-re2hd Ай бұрын
hello, thank you for your good explanation. why we divided by 11 in 1A and 1B calculation? regarding fuel, do we have any formula to derive? also what about for new car purchase in finance ( we can put principal plus interest or only interest amount?
@K511972
@K511972 20 күн бұрын
The below paragraph & example is taken from the ATO website: "Goods and Services Tax: If your expense includes an amount of goods and services tax (GST), the GST is part of the total expense and is therefore part of any deduction. For example, if you incurred union fees of $440 which included $40 GST, you claim a deduction for $440". Thanks
@abdullahijama7052
@abdullahijama7052 Ай бұрын
Simple and powerful! Masha Allah!
@asadullahjabbarkhil6137
@asadullahjabbarkhil6137 Ай бұрын
Can you please share the file with formatting and all the formulas please.
@bennynguyen8027
@bennynguyen8027 Ай бұрын
Thanks 😮
@hamzehgralleh3601
@hamzehgralleh3601 Ай бұрын
Hi sir, can u please clarify why u did divide by 11 while the GST is 10% out of the total income after expenses ? so it supposed to be divided by 10 ? Thanks in advance
@K511972
@K511972 20 күн бұрын
Hi, The below paragraph & example that is taken from the ATO website: "Goods and Services Tax: If your expense includes an amount of goods and services tax (GST), the GST is part of the total expense and is therefore part of any deduction. For example, if you incurred union fees of $440 which included $40 GST, you claim a deduction for $440". $440 / 11 = $40 Thanks
@hamzehgralleh3601
@hamzehgralleh3601 20 күн бұрын
@@K511972 got it now Really appreciated
@arieyelen8271
@arieyelen8271 Ай бұрын
Hi dear Would you able to calculate my small company GST for me?
@meroyatrama1677
@meroyatrama1677 Ай бұрын
Hi khalid can you provide us excel sheet as well so it will help us. thank you for this video. you are legend.
@K511972
@K511972 Ай бұрын
Hi, super easy, just send me an email on [email protected] and I will replay with the BAS sheet. Regards
@alidaneshmand6857
@alidaneshmand6857 2 ай бұрын
Thanks for your comprehensive explanation. Would you please let me know the part number of the right side, as well? Thanks in advance.
@K511972
@K511972 16 күн бұрын
Hi, I am not sure exactly what is it. However, you can contact TOYOTA Dealers or take off your side mirror indicator signal light and the part number should be written in the back. Purchasing online might be cheaper than dealers. Thanks.
@obaidshah6758
@obaidshah6758 2 ай бұрын
Love you Khalid for this lovely video ❤
@K511972
@K511972 2 ай бұрын
Thanks a lot, appreciated.
@pemathinley1848
@pemathinley1848 2 ай бұрын
Couldn’t understand about dividing number 11. How we got 11 or is it standard number. Would appreciate if someone could explain
@K511972
@K511972 2 ай бұрын
Hi, Yes, it is standard for every year. Below an example that is taken from the ATO website: "Goods and Services Tax: If your expense includes an amount of goods and services tax (GST), the GST is part of the total expense and is therefore part of any deduction. For example, if you incurred union fees of $440 which included $40 GST, you claim a deduction for $440". Thanks.
@Mrpizzaindia
@Mrpizzaindia 2 ай бұрын
Hi Khalid, where can I find this excel sheet to calculate expenses and get please
@K511972
@K511972 2 ай бұрын
Hi, I can email you the excel sheet. My email is [email protected]
@MustansarAltaf
@MustansarAltaf 2 ай бұрын
I emailed you for BAS spreadsheet. kindly reply
@K511972
@K511972 2 ай бұрын
SENT
@barkatsawan8467
@barkatsawan8467 2 ай бұрын
How did you calculate expenses and get payable amount ?
@parvinderdahiya6706
@parvinderdahiya6706 2 ай бұрын
The video is so much practical and knowledgeable. I’ve a question about 5A and 5B, why do we need to pay the tax upfront nowadays and really confusing what’s the percentage do we put there. Can you please help to understand
@K511972
@K511972 2 ай бұрын
Hi, sorry to be sure, did you pay a GST or TAX in advance?
@K511972
@K511972 2 ай бұрын
GST is different from tax
@HaseebAkram-no5id
@HaseebAkram-no5id 3 ай бұрын
Thank You Khalid. Brother, why we divide by 11, can you please explain and the video is one year old, can we follow the step to lodge GST by following the same steps as well?
@sanjogsigdel
@sanjogsigdel 3 ай бұрын
Hi Khalid, I have sent you an email as well. Please send me the excel sheet.
@K511972
@K511972 3 ай бұрын
Sent
@sameerbastola4990
@sameerbastola4990 3 ай бұрын
can you put the excel sheet link in the comment section so that we can download as well
@K511972
@K511972 3 ай бұрын
Hi, I don’t know how to add it in my discussion box. If you know , let me know how to do it please. At the same time I can email it to you. My email is [email protected] Thanks
@johnnyt4108
@johnnyt4108 3 ай бұрын
Hi there, where can I get a copy of the spreadsheet in this video.
@K511972
@K511972 3 ай бұрын
hi, I can email you a copy of the BAS sheet. My email is [email protected] thanks
@Ranjitgill7300
@Ranjitgill7300 3 ай бұрын
Hi, thanks for informative video, one question if I have big repairs $2000 and I put more expensive because of that repair how I can let ato know why my expenses higher?
@K511972
@K511972 3 ай бұрын
Hi, you DO NOT need to explain that to them. You should have receipts if they ask, Thanks.
@Andrewvh1
@Andrewvh1 3 ай бұрын
Thankyou Do you have a spreadsheet File we can use?
@K511972
@K511972 3 ай бұрын
Hi, yes, [email protected] I can email you the excel sheet.thanks
@AmitBastola
@AmitBastola 3 ай бұрын
calculating total sale which is G1 is very confusing. shall we include the tips and reward on it or not or simply put the gross income as stated in uber monthly tax summary ?
@K511972
@K511972 3 ай бұрын
Hi, all money that you earn includes tips and rewards is a taxable income.
@mariosmatti
@mariosmatti 4 ай бұрын
مرحبا ممكن بس ادزلي هذا الملف مال اكسل شكرا
@K511972
@K511972 4 ай бұрын
اهلا وسهلا حاضر وتدلل بس احتاج الايميل الخاص بيك حتى ارسله الك. إيميلي هو. [email protected]
@K511972
@K511972 4 ай бұрын
احتاج الايميل الخاص بيك حتى ارسله الك. إيميلي هو. [email protected]
@Thebadguys-ti6rl
@Thebadguys-ti6rl 4 ай бұрын
Thanks bro, much appreciate, helpful
@K511972
@K511972 4 ай бұрын
thanks
@hamzam9361
@hamzam9361 4 ай бұрын
Hello Khalid, I cant see the activity statement option on ato
@K511972
@K511972 4 ай бұрын
Hi, contact the ATO to get it regularly in your my gov account.
@firatclkk
@firatclkk 4 ай бұрын
Hi Khalid. I'd like to ask why G11 divided 11? Isn't it fully gst return? Thank you in advance.
@K511972
@K511972 4 ай бұрын
Hi, This is how to workout the GST. Divided by 11.
@Kabeerahmed8
@Kabeerahmed8 4 ай бұрын
Hey Sir, Thanks for explaining the GST Calculation but I couldn't find the Uber service fee in this calculation. Can you please explain this as well
@K511972
@K511972 4 ай бұрын
Hi, You are receiving a weekly gross payment by UBER on your Bank account. UBER part is already taken from your income. For this reason, I did not put it in the excel calculation sheet.
@jamalhassan442
@jamalhassan442 4 ай бұрын
I have one question? How do you include and calculate purchasing price of a car from a dealershop in ur gst calcultions
@K511972
@K511972 4 ай бұрын
Hi, in your official receipt you already have a GST amount, so just add this amount to your expenses and you will find the gst in your expenses is bigger than the gst in your income. The different of this amount will get it back to your account.Thanks
@jamalhassan442
@jamalhassan442 4 ай бұрын
Thanks khalid for the information, really simplified it
@K511972
@K511972 4 ай бұрын
No worries, you are more than welcome.
@naitikdhakal3681
@naitikdhakal3681 5 ай бұрын
Very good explanation. Thank you.
@K511972
@K511972 5 ай бұрын
Appreciated
@jatinderdhingra7985
@jatinderdhingra7985 5 ай бұрын
Really helpful. Thanks so mucu
@K511972
@K511972 5 ай бұрын
Appreciated
@hassanimam2027
@hassanimam2027 5 ай бұрын
Hi Khalid, can you please also share the excel spreadsheet if possible. Thank you
@K511972
@K511972 5 ай бұрын
Hi, send me your email, please.
@geotech14
@geotech14 5 ай бұрын
Thanks mate. Your video is very helpful❤
@K511972
@K511972 5 ай бұрын
Thanks, appreciated
@abela5372
@abela5372 6 ай бұрын
Thanks for the information mate ..I learnt so much from your video than going to school for 12 years. do you have a downloadable spreadsheet file by any chance?
@K511972
@K511972 5 ай бұрын
Appreciated. Just, send me an email on (( [email protected] )) to replay you with the excel sheet. Thanks
@mohammedabduljaffer6689
@mohammedabduljaffer6689 6 ай бұрын
Asalamualaikum brother. Thank you so much for the vedio. I found it very helpful. Can you also please teach me how i can register for GST using my gov account. Thanks again
@K511972
@K511972 6 ай бұрын
Salam Mohammed, Actually, I called ATO office on (132861) before approximately 5-6 years and I asked them to register my ABN number with Uber and also receive my BAS reports on my gov account every 3 months. However, I am not sure if you can do it online but some people said that online registration can be done through ATO website. Thanks.
@kaseynash3186
@kaseynash3186 6 ай бұрын
G'day thank you for this video. is there a way to get a copy of this amazing spreadsheet please with the formulas. thanks again
@K511972
@K511972 6 ай бұрын
Hi, sure, I need to send it on your email. just send me an email on [email protected] to reply. Thanks
@AmitBastola
@AmitBastola 3 ай бұрын
@@K511972 if you could attach the excel spreadsheet on the description section of this video and that way everybody can download from there
@K511972
@K511972 3 ай бұрын
Hi, absolutely I can email you the BAS sheet Just send me an email on [email protected]
@rojankarkee
@rojankarkee 6 ай бұрын
Can we claim the car rent fees
@K511972
@K511972 6 ай бұрын
in my knowledge, yes you can.
@hammadahmad4415
@hammadahmad4415 6 ай бұрын
Thanks alot for sharing such an informative video Could you please share the spreadsheet with me, i’ve sent you an email already..
@K511972
@K511972 6 ай бұрын
SENT, thanks
@marcey6647
@marcey6647 6 ай бұрын
Khalid hands down this is the easiest and straight to the point explanation about Uber BAS I found on KZbin. Thank you!
@K511972
@K511972 6 ай бұрын
Appreciated.
@gyaneshpokhrel5261
@gyaneshpokhrel5261 6 ай бұрын
1B=G11/11, pls confirm is that right?
@K511972
@K511972 6 ай бұрын
CORRECT ✅
@gyaneshpokhrel5261
@gyaneshpokhrel5261 6 ай бұрын
@@K511972thank you. Also, Could you please share all the possible list of deductible items, obvious items (Ex. RESO, Insurance, fuel, Toll, pink/green etc) And obscure items (Ex. Lundry, Snakes, millage, etc) ?
@K511972
@K511972 6 ай бұрын
Accounting fee, car wash, laundry, fuel, insurance, internet, repair & maintenance, roadside assistance, COI, spare parts, smash repairer, phone, GST inside the CTP of rego, toll and others.
@gyaneshpokhrel5261
@gyaneshpokhrel5261 6 ай бұрын
@@K511972 is there minimum standard amount for each items that we can claim, when we don't have receipt ?
@K511972
@K511972 6 ай бұрын
Hi, I do not think so because you need to prove your expenses by receipts or bank statement. But if you have other information, please advice us. thanks@@gyaneshpokhrel5261
@inaabdi4501
@inaabdi4501 6 ай бұрын
Thanks mate your video is helpful
@K511972
@K511972 6 ай бұрын
Appreciated