Monday 30 October 2006

Tax time blues - Part 2

Well, the Australian tax year runs from 1st July - 30th June, and the deadline for returns is 31st October. Way back on 14th August I wrote "Hopefully now that I've started using Quicken 2006 I'll be able to add in all the info for my current holdings over the next few months." - well, it never happened. What, with the birth of our second child in September, some uni assignments and doing too much blogging (!) I've never spent the time needed to enter all my expenses since 1 July as planned. What's worse is that I haven't brought my old share records in Quicken up to date, so I'm left with wading through my margin loan account statements to see what has been sold during the financial year, and then going through old records to work out the cost base.

Hopefully I'll get it all sorted out tonight and fill in the electronic eTax forms tomorrow so I can lodge it on time. As I'm owed a refund (I think) there probably wouldn't be a penalty for late lodgement, but I really want to get it over and done with. My new financial year's resolution is still to enter all my expenses into Quicken this year, and get my share records in Quicken up to date... we'll see how it goes.

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