Today we only had one student sign up for the Job workshop but fortunately seven happy job seekers came in to prepare their English resumes so they can enter the job market here in Noosa. Jace Park who has studied Hotel Management back in Korea has completed his resume (which looks and sounds fabulous) and is now ready to start handing it out to as many companies around Noosa as possible – we hope he finds the best job possible!
Two students applied for their Tax File Numbers and the rest started the process of getting their information together.
Claudio was also spotted at The Cooking Company working hard. Many students here are such inspirations, they study hard in the mornings and then rush off to work in the afternoons of evenings and they still get their homework done.
It is the time of year when students have to think about lodging their tax returns.
Whether you are working for an employer or for yourself with an ABN, you will need to lodge a tax return after June 30. Here is some helpful information for you.
If you’re enrolled to study in Australia in a course that lasts for six months or more, you’re generally regarded as an Australian resident for tax purposes. This means:
- You pay tax on your earnings at the same rate as other residents
- You’re entitled to the benefits of the Australian tax system, such as:
- the tax-free threshold ($18,200)
- tax offsets (such as clothes bought for your work)
The Australian financial year runs from 1 July to 30 June the following year. If you entered Australia during the financial year with the intention of staying permanently, your tax-free threshold will be adjusted. Your tax-free threshold will be lower than the full year’s threshold available to most resident taxpayers. Your adjusted tax-free threshold will have two components:
- The first is a flat amount of $13,464
- The second is an additional $4,736, apportioned for the number of months you have been in Australia during the income year, including the month you arrived
Juan Jose became an Australian resident for tax purposes on 17 April this year. This means he has been in Australia for three months in the income year. Juan will not have to pay tax on the first $14,648 of his taxable income for the income year. For any taxable income over $14,648, he will start to pay tax at the rate of 19%. This only happens once – for each subsequent year Juan is studying he will be entitled to the full tax-free threshold.
There is a lot of helpful information on the Australian Taxation Office (ATO) Website.
Working in Australia: https://www.ato.gov.au/individuals/international-tax-for-individuals/coming-to-australia/studying-in-australia/
If you need help with lodging your tax return, sign up for Job Club with Chloe. Happy Tax Returns.
This week we had a full house in our job workshop with Sarah. Students got help with writing resumes and learned about available jobs in the area.