Tax refunds! Do it!

[coffeejunkie]

i think most people call that GST haha

GST = Grab snatch and take, LOL

[MaxCannon]

Me not bein the expert in any way of things of the tax type I got the impression that the way it works is that your tax is calculated on the basis that the amount you earn that pay period-week/fnight/month is what you earn every week of the year.

In a nutshell yes.

PAYE works on the principal of projecting your earnings for the pay period (week, fnight/ month etc) over an entire year.
Then it takes this value, calculates the tax and breaks it back down to the period.

If you always get the same pay chances are your tax will be accurate (except in cases of 53 pay weeks falling in the tax year).
Most problems are human error. Holiday pay, lump sum payments, back pay, bonuses, commissions are frequently taxed incorrectly.
In most cases the employee gets overtaxed.

[Patrick]

And if you owe money, they don't pass it on the IRD. So it is a win-win situation.

Not so....

Someone we know did this, found out they actually owed. The IRD are now emailing direct, requesting payment, now they have their email address.......

All good stories here so far though....

[slofox]

Tax Refund? Ah ha ha ha...silly person, that's an oxymoron!!!
I got home last night to find a "you owe us 50 gazillion dollars in tax arrears and we're gonna hound you into the grave over it starting tomorrow" letter from dear old IRD waiting for me in the mailbox. Well not according to my accountant I don't but IRD will still hound the shit out of me over it. BTDT before...
Personally I don't think they will be satisfied until they have me dead and buried and have seized the entirety of my estate (puny thing that it is...).
Fuck IRD. They are a bunch of leeches who drive small businesses to the wall and laugh as they do it. "25% decrease in turnover this year? Tough titty sonny, we don't give a fuck. Pay up anyway, we don't give a shit what happens at the end of your financial year, WE WANT THE CASH NOW!!!"

[BiK3RChiK]

As MaxCannon said, there is more of a chance of getting a refund if you have had lump sum payment over top of your normal wages.

It should also be noted that it is very easy to do your own tax refund, takes about 20 min's tops to work it out yourself and then you don't submit it unless you are owed tax. You also don't have to pay anyone commision fees.

I'll second the notion of doing your own tax return. You can do your tax return on-line with the IRD. If you don't like the result at the end, then don't hit the submit button!

I also saw some site a few years ago that had a list of people due a refund but had never collected it... Can't quite remember what the link was though.

And as Hitcher says, it is your own $$ you are getting back. You overpaid your tax to the gubbermint and they are collecting the interest on it, so do your return and get back what is rightfully yours!

[Beemer]

The other half signed up to see what he could be due. One return has come back so far and he's due about $23... so less their cut, he'd get about $11! I think we'll wait and see if he gets more from the previous years before deciding whether it's worth it.

[chanceyy]

just did mine .. several hundy back so far .. thats several more hundy than I had at the start

[McDuck]

Im ahappy begga, 650 bucks So new paint for the kat and a new tyre.... yay

[normajeane]

Is it all a ploy by the National Government.......????

[kevfromcoro]

have i missed something

the finanical year ends at the end of this month..

[Monie]

if you goggle I R D site then put in your ird number or just look under your last name and this is free . you can have a look at all the unclaimed money that is there some go as high as 60 grand...

[Beemer]

have i missed something

the finanical year ends at the end of this month..

That would be the 2008/2009 tax year - the 2008 one the site refers to will be the 2007/2008 tax year.

The other half is due a few hundred, not to be sneezed at, but I've requested tax summaries from IRD for him - see if the refunds are genuinely owed to him and then request the money from the IRD. I wouldn't mind paying the commission on the full total, but as there are four years he is supposedly due a refund, that's four lots of 12.5% as they do each separately.

[vifferman]

I wouldn't mind paying the commission on the full total, but as there are four years he is supposedly due a refund, that's four lots of 12.5% as they do each separately.

So, if he was owed four lots of say, $1000, he'd be paying 12.5% of $4000 which is $500, whereas paying four lots of 12.5% would be 4 x $125, which is.... $500.

[Maha]

I got to the point where I had filled out all the questions and closed the tab..fuck off, they dont need all that imformation about me. They should pay me for updating thier data base had I continued.

[vifferman]

if you goggle I R D site then put in your ird number or just look under your last name and this is free . you can have a look at all the unclaimed money that is there some go as high as 60 grand...

My name's not there, but they owe me heaps, on account of I pay quite a bit in donations but can never be bothered claiming the refunds.
Names won't necessarily be listed, as there are other factors, such as rebates from donations, and working irregularly. My son gets taxed as if he was working 52 weeks a year at whatever hourly rate he's on $30, I think), but he only works when he feels like it. He could be due quite a bit of money if his tax accountant (a.k.a. the vifferbabe) bothered to help him with it. Then we could get some of the money he owes us...
Such fun having the accountant's equivalent of "mechanic's car syndrome"....